Grab your cheeseheads, Bankruptcy Beat readers. We’ve got a new Chapter 11 filing on tap that blends together two of Wisconsinites’ favorite things: beer and the Green Bay Packers.
This week, two sports agents received bankruptcy-related news, and the Dodgers fielded some new bidders. Also, Toni Braxton was hospitalized for lupus, and Nadya “Octomom” Suleman’s fertility doctor filed for bankruptcy.
Hostess Brands Inc., the maker of Twinkies and Wonder Bread, filed for Chapter 11 bankruptcy protection Wednesday to confront burdensome debt and labor costs that it says have left it fighting to compete. Read the Daily Bankruptcy Review article here.
A judge on Friday said Bank of America Corp. and Barclays PLC could move forward with a $1.33 billion sale of half their stake in the Archstone apartment company to Sam Zell’s Equity Residential, calling Archstone co-owner Lehman Brothers Holdings Inc.’s bid to halt the deal an attempt to get the stake for itself at a lower price. Read the Daily Bankruptcy Review article here.
Debt-laden electric power company AES Eastern Energy LP filed for Chapter 11 bankruptcy with a plan to sell its two upstate New York coal-fired power plants. Read the Daily Bankruptcy Review article via The Wall Street Journal.
Environmentally friendly baby-bottle maker Green to Grow, loved by celebrity moms like Bethenny Frankel and Kelly Preston, is liquidating its business under Chapter 7 bankruptcy protection, according to court documents filed Friday.
The owner of several luxury resorts has won permission to place its Doral Golf Resort & Spa on the auction block, with a $150 million bid from Donald Trump’s hotel group leading the way. Read the Daily Bankruptcy Review article here.
