New Cases

A radioactive waste-treatment center with as much as one million pounds of the stuff sitting around filed for bankruptcy liquidation Thursday.

Hedge funds owed nearly $53 million have moved to push Allied Systems Holdings Inc. into an involuntary bankruptcy case, a remedy for what they claim are improper moves by owner Yucaipa Cos. Read the Daily Bankruptcy Review article here.

Ally Financial Inc. placed its ResCap mortgage subsidiary into bankruptcy early Monday in an attempt to jettison what has long been a drag on its business.

ResCap’s initial bankruptcy filings also list the company’s largest unsecured creditors, a group that includes a number of bondholders, pension funds and other institutional investors. The company listed assets of $15.7 billion and debts of $15.3 billion.

Judge Martin Glenn of the U.S. Bankruptcy Court in New York has been assigned the case.

This week on The Broke and the Beautiful, “Octomom” Nadya Suleman hatches a Chapter 7 bankruptcy petition, and Sonya Dakar has taken both her skincare company and herself to bankruptcy court. Also this week, the Los Angeles Dodgers sale is complete.