Liquidation

The Broke and the Beautiful: Cable Ready Edition

06/28/13

This week on the Broke and the Beautiful, a cable TV show distributor filed for bankruptcy, and so did “Gossip Girl” star Kelly Rutherford. Also, funk music legend Sly Stone is fighting to dismiss the bankruptcies of his ex-manager’s companies.

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The Daily Docket: Cengage Leaning Toward Bankruptcy

06/28/13

Textbook publisher Cengage Learning Inc. is edging toward Chapter 11 bankruptcy protection, The Wall Street Journal reports.

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The Daily Docket: Judge Approves ResCap Settlement

06/27/13

A judge said Wednesday he will approve a $2.1 billion settlement involving mortgage lender Residential Capital LLC and parent company Ally Financial Inc. that could help Ally move forward on repaying its U.S. government bailout. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Judge Backs Lehman Trustee Over Banks

06/26/13

A federal bankruptcy judge Tuesday ruled that repurchase agreements don’t qualify for “customer status” in a failed brokerage business, a blow to a group of banks that had sought equal footing with customers in the liquidation of Lehman Brothers Holdings Inc.’s broker-dealer. Read the Daily Bankruptcy Review article here.

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