People

Over the years, Bankruptcy Beat has seen plenty of reasons offered as to why individuals and corporations file for bankruptcy. Recently, a peculiar one caught our eye.

In 2012, a New York man, Sultan Soliman, sought Chapter 7 protection in the face of a $110,000 court judgment issued against him following an incident in which he bit a neighbor (yes, bit him) on the nose in an elevator. In bankruptcy, many debts, including some court judgments, can be erased.

This week on The Broke and the Beautiful, Teresa and Joe Giudice’s bankruptcy case could soon come to an end, and Girls Gone Wild founder Joe Francis has a $500,000 warrant out for his arrest. Also, Todd-Soundelux is selling its California sound studio.

Patricia Hennelly and Wayne Walker have joined advisory firm CohnReznick, which bought an ownership interest in Mr. Walker’s Philadelphia-based consulting firm, Walker Nell Partners. Mr. Walker, appointed as principal, has experience in turnaround management, corporate restructuring and bankruptcy matters.

The Federal Deposit Insurance Corp. and Bank of America Corp. have settled their long-running battle over who is ultimately responsible for losses tied to the sale of mortgage securities to more than two dozen failed banks. Read the Daily Bankruptcy Review story in The Wall Street Journal.