News Topic: People

Textbook publisher Cengage Learning Inc . filed for Chapter 11 bankruptcy protection Tuesday after reaching a restructuring deal with its lenders that would slash more than $4 billion in debt from its balance sheet. Read the Daily Bankruptcy Review ... Read full article

Shipping company Excel Maritime Carriers Ltd. filed for Chapter 11 bankruptcy protection late Monday after reaching a restructuring deal with its senior lenders. Read the Daily Bankruptcy Review article here . ... Read full article

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. ... Read full article

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

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 ... Read full article

Sony Music Entertainment Sly Stone of Sly and The Family Stone Funk music legend Sly Stone is asking a bankruptcy judge to dismiss the Chapter 11 cases invol ... Read full article

Taiwanese shipping company TMT Group is gearing up for a fight over its right to remain in bankruptcy protection in the U.S. Read the Daily Bankruptcy Review article here . ... Read full article

This week on The Broke and the Beautiful, the Backstreet Boys are still dealing with the fallout of boy-band mogul Lou Pearlman. Also, film financier David Bergstein gets some new lawyers. ... Read full article

A bankruptcy judge approved a key component of Eastman Kodak Co.’s restructuring Thursday, allowing the company to hand its personalized-imaging and document-imaging businesses to U.K. retirees. Read the Daily Bankruptcy Review article here . ... Read full article

Associated Press Gold bars and coins from the SS Central America, a mail steamship, sunk in a hurricane in 1857. An Ohio judge has ordered a receiver to ta ... Read full article

Eastman Kodak Co. reached a deal with three major banks to be provided with $895 million in debt financing following its planned emergence from bankruptcy. Click here for the Daily Bankruptcy Review article. ... Read full article

Richard Shotwell/Associated Press From left, Nick Carter, A.J. ... Read full article

This week on The Broke and the Beautiful, Lou Pearlman’s bankruptcy trustee has filed a plan to repay investors, and Dionne Warwick is taking on the IRS. Also, the fight between Sly Stone and his ex-manager continues in bankruptcy court. ... Read full article

A federal appeals court on Wednesday ruled that the federal government went too far when seizing assets to repay Scott Rothstein’s Ponzi scheme victims, handing a victory to bankruptcy trustees. Read the Daily Bankruptcy Review article here . ... Read full article

China Stringer Network/Reuters The Backstreet Boys, a band put together by mogul Louis Pearlman, hold giant panda cubs as they pose for photographs at the Chengdu Research Ba ... Read full article

Patriot Coal Corp.’s chief executive and the head of its mine workers’ union traded barbs Wednesday after the union accused the company of walking out of negotiations to reach new labor terms. Read the Daily Bankruptcy Review article via The Wall Street ... Read full article

Bondholders are circling Exide Technologies Inc. looking for leverage in a Chapter 11 bankruptcy case that is shaping into a fast-moving revamp of the global battery business. Read the Daily Bankruptcy Review article here . ... Read full article

Sony Music Entertainment Sly Stone of Sly and the Family Stone Sly Stone’s former manager says he placed his businesses into bankruptcy to block a bid by the ... Read full article