New Cases

Rumor-Beset Hollywood Mansion Files for Bankruptcy

08/04/11

Rumors of a pool-table-top murder within an uninhabited Hollywood Hills mansion’s billiards room: false.

The one about aliens landing on the 22-acre property, giving them a clear view of the Los Angeles skyline and the whitewashed Hollywood sign: false.

Speculation about the soft pink Mediterranean home’s owner filing bankruptcy papers, desperate to avoid a foreclosure auction: true.

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Hotel Bankruptcy Won’t Impact Hooter’s Restaurants

08/03/11
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Fans of chicken wings and cleavage, remain calm—your local Hooters is safe.

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Bankruptcy Deflates Balloon Distributor

08/02/11

Chicago’s largest balloon seller has filed for bankruptcy protection, but owner Lee Kaufman insists the party isn’t over.

At 100 years old, helium-filled balloon distributor M.K. Brody & Co. still turns a profit but blamed its financial unease on several events that sucked the air out of its finances.

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The Daily Docket: Battle Looms Over Dodgers TV Rights

08/02/11

News Corp.’s Fox Sports is protesting the Los Angeles Dodgers’ request to hire Blackstone Group to market the team’s media rights, setting up a potential battle with the broadcaster that, until recently, had been one of embattled owner Frank McCourt’s biggest supporters. Read the Daily Bankruptcy Review story here.

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Company Looks to Squeeze Fresh Value from Groves

08/01/11

For one Florida company, it’s out with the citrus and in with the stone.

Old Corkscrew Plantation LLC, which has thousands of acres of orange groves on its Florida property, doesn’t seem to have any immediate ideas for how to restructure the hefty debt load that propelled it into bankruptcy on Friday. It does, however, have big plans for the future of its business: Scrap all that citrus, and start digging up minerals.

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Chicken Out Rotisserie Seeks to Trim Financial Fat

07/15/11

Bankruptcy lawyers have taken executives at Chicken Out Rotisserie by the hand to lead them over to whatever side of the road will make the chain’s 10 remaining restaurants profitable again.

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The Broke and the Beautiful: Celebrities in Bankruptcy

07/15/11

Hello, and welcome to The Broke and the Beautiful. With this new weekly fixture, Bankruptcy Beats aims to bring you a roundup of the biggest celebrity-related bankruptcy news. This week, creditors of Eva Longoria’s Beso LLC want a trustee for the business, whose nightclub just closed. Rapper 50 Cent is fighting former protégé Young Buck’s bankruptcy plan, and the Los Angeles Dodgers make headlines with news on injured fan Bryan Stow.

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New York City School-Bus Operator Files for Bankruptcy

07/13/11

School-bus operator USA United Fleet Inc.—one of the biggest providers of transportation for New York City’s public-school children—turned to bankruptcy court for a little breathing room after hitting a series of financial potholes.

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Church Known for Ministry to Ex-Prostitutes Enters Bankruptcy

07/12/11
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A Las Vegas church that’s tried to redirect some of Sin City’s glitzy brilliance to illuminate one of its darker corners—its robust sex trade—has

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Bankruptcy Du Jour

07/11/11

The man who pitches himself as Las Vegas’s “original celebrity chef” filed for bankruptcy protection along with his two French restaurants.

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