News Topic: People

By Ryan Tracy ... Read full article

The fight to bring four marquee U.S. hotels out of bankruptcy is turning increasingly nasty, with a hedge fund accusing the company that oversees their mortgage debt of “bullying” management into accepting a $1.5 billion offer from Singapore’s sovereign ... Read full article

This week on The Broke and the Beautiful, we’re betting financial self-help guru Robert Kiyosaki isn’t feeling so rich. Also, testimony from Nevin Shapiro’s right-hand man is stirring the pot for the Miami Hurricanes. ... Read full article

Residential Capital LLC said in court papers it is changing the terms of its $1.45 billion bankruptcy loan to allow it to sell its “legacy” loan portfolio before unloading its mortgage-servicing portfolio, a move that would allow Berkshire Hathaway Inc. ... Read full article

A majority of American Eagle pilots have voted in favor of a new labor agreement between their union and AMR Corp., the regional airline’s parent. Read the Daily Bankruptcy Review article here . ... Read full article

Pinnacle Airlines Corp.'s thousands of pilots and flight attendants are objecting to the airline’s bid to scrap their contracts, a move the regional carrier says is necessary to exit bankruptcy protection. Read the Daily Bankruptcy Review article ... Read full article

Arcapita Bank’s unsecured creditors say a proposed $150 million financing package from Silver Point Finance LLC is structured to benefit the lender at other creditors’ expense and to preclude the company from pursuing other options. Read the Daily ... Read full article

This week on The Broke and the Beautiful, it’s a sports bonanza. A director documents how sports stars go broke, Michael Vick has spent some money, Curt Schilling might need to sell a bloody sock, and much, much more! ... Read full article

Reuters The trustee winding down Lehman Brothers’ brokerage has settled a $6 billion dispute with the failed investment bank’s former Swiss derivatives unit, one of the last holdouts among Lehman’s foreign affil ... Read full article

Bakers Footwear Group Inc. has filed for bankruptcy protection, The Wall Street Journal reports . ... Read full article

Ally Financial Inc. is worried that the proposed sale of Residential Capital LLC’s mortgage-servicing platform might hamstring ResCap’s promise to abide by the terms of a landmark national mortgage settlement. Read the Daily Bankruptcy Review article here ... Read full article

Associated Press Curt Schilling is one of many athletes or former athletes who’ve had brushes with bankruptcy. Ever wonder how pro ... Read full article

This week on The Broke and the Beautiful, Digital Domain creative leaders want a happy ending, and a Lynyrd Skynyrd-themed restaurant finds a sweet home in bankruptcy. Also this week, a Ponzi-scheme operator disputed a lawsuit involving musician John ... Read full article

Reuters Lehman Brothers Holdings Inc. ... Read full article

Bob Wojcieszak/Charleston (W.Va.) Daily Mail United Mine Workers members, retirees, spouses and widows march to the federal courthouse on Virginia Street in Charleston, W.Va., ... Read full article

By Stephanie Gleason and Patrick Fitzgerald ... Read full article

Honda/AFP/Getty Images General Motors Co . ... Read full article

Associated Press Hostess Brands Inc. Tuesday launched its courtroom campaign to impose new labor deals on a group of unions that represent a small slice of the Twinkie maker’s workforce. ... Read full article