News Topic: People

This week on The Broke and the Beautiful, a production company behind actor Brad Pitt’s upcoming thriller filed for bankruptcy, and so did a bridal shop featuring dresses by well-known designers like David Meister and Lilly Pulitzer. Also, Eva Longoria is ... Read full article

Associated Press American Airlines grounds crew service and arriving flight at JFK International Airport in New York. In an unusual move, American Airlines pi ... Read full article

Contec Holdings Ltd., the cable-box repair company owned by Bain Capital Partners, filed for Chapter 11 bankruptcy protection Wednesday with a plan in hand to restructure some $360 million in debt. Read the Daily Bankruptcy Review article here . ... Read full article

The trustee tracking down funds to pay creditors of Ponzi-scheme orchestrator Tom Petters just scored a goal in bankruptcy court. Trustee Douglas Kelley, who is overseeing the bankruptcy liquidation of Petters’s former business empire, on Tuesday won a ... Read full article

Agence France-Presse/Getty Images A bankruptcy judge urged union members to vote in favor of the final contract offered up by Hostess Brands Inc., a proposal both sides acknowledge represents the last hope for s ... Read full article

Valery Hache/AFP/Getty Images Brad Pitt arrives for the screening of “Killing them Softly,” presented in competition at the 65th Cannes film festival on May 22. ... Read full article

AP/dapd In this photo taken on Sept. ... Read full article

This week on The Broke and the Beautiful, celebrities are treading lightly in the bankruptcy waters, but Broke still has some morsels for you. Former baseball star Curt Schilling rags on the governor of Rhode Island, and boxer Mike Tyson is hitting up an ... Read full article

Agence France-Presse/Getty Images The chief executive of Hostess Brands Inc. ... Read full article

Singapore’s real-estate investment arm is offering to buy four U.S. luxury resorts from hedge fund Paulson & Co. for $1.5 billion, subject to higher bids at a bankruptcy auction. Read the Daily Bankruptcy Review article here . ... Read full article

This week on The Broke and the Beautiful, the SEC accuses former University of Georgia football coach Jim Donnan of running a Ponzi scheme, and Evander Holyfield wants to avoid a knockout in bankruptcy. Also this week, a museum Julia Child helped start is ... Read full article

Inner City Broadcasting Corp. says it’s the victim of a scheme to steal the art right off its walls and is fingering its own bankrupt subsidiary and a group of its senior lenders as the culprits. ... Read full article

Elpida Memory Inc. bondholders have filed a bankruptcy-exit plan that values the company at $3.85 billion, well over the price rival Micron Technology Inc. has offered to pay for the distressed chip maker. Read the Daily Bankruptcy Review article here . ... Read full article

This week on The Broke and the Beautiful, it’s a family affair. Olympic gold medalist Gabby Douglas’s mom is in bankruptcy, and comedian and actor Russell Brand’s dad just narrowly avoided it. Also, former big leaguer Jose Canseco says bankruptcy can ... Read full article

Melanie Cohen Betsey Johnson fans, take heart—and make that heart hot pink with a punk-rock edge. ... Read full article

Pinnacle Airlines Corp. is accusing hedge fund and shareholder Meson Capital Partners LP of putting its reorganization at risk in order to squeeze value out of shares that are expected to be worthless. Read the Daily Bankruptcy Review article here . ... Read full article

The bill for former bankruptcy judge Arthur J. Gonzalez’s probe into mortgage lender Residential Capital LLC’s dealings with its government-owned parent, Ally Financial Inc., could reach $36 million. That’s the high estimate for the team of investigators ... Read full article

The Internal Revenue Service brought in $53,000 from last week’s auction of Young Buck’s belongings, but the Internet is lighting up with the tax-delinquent rapper’s claims that he bought back some of the goods himself. ... Read full article