News Topic: People

Lehman Brothers Holdings Inc. said Friday it has sold its Aurora Bank FSB subsidiary, a move that should help funnel some $1.5 billion into the pockets of Lehman’s creditors. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

This week on The Broke and the Beautiful, Nadya “Octomom” Suleman said she still believes in homeownership, and Lenny Dykstra pleaded guilty to bankruptcy fraud. Also, Curt Schilling’s videogame company is under investigation. ... Read full article

The city of Stockton, Calif., filed for Chapter 9 protection, The Wall Street Journal reports . MF Global is proving to be catnip for distressed-debt buyers, according to a new report showing that more than $246 million of the failed brokerage’s debt ... Read full article

A shrinking cash position and mounting liabilities indicate that holders of Patriot Coal Corp.’s convertible bonds would be hard pressed to recover much of their investment in case of a restructuring, credit market watchers say. Read the Daily Bankruptcy ... Read full article

Reuters Armand Assante attends Kazakhstan Fashion Week in October 2010. Anyone want Armand Assante as a neighbor? ... Read full article

Associated Press Stockton Mayor Ann Johnston speaks with a city worker prior to a meeting of the City Council Tuesday, June 26, 2012, in Stockton, Calif. T ... Read full article

Struggling to figure out how to sell DVDs and CDs in a download-driven world, Toronto-based movie and music seller Cinram International Inc. has filed for bankruptcy protection while its executives move to sell its operations. Read the Daily Bankruptcy ... Read full article

Camera retailer Ritz Camera & Image LLC filed its second Chapter 11 bankruptcy petition since 2009. Read the Daily Bankruptcy Review Small Cap article here . ... Read full article

Seriously, after a couple of the family’s paper businesses have been forced to seek bankruptcy protection, you would think the teenage Brant brothers, crowned “The New Princes of the City” in the New York Times style section, could do a little more to ... Read full article

This week on The Broke and the Beautiful, Teresa Giudice says bankruptcy made her stronger, and “Octomom’s” home went into foreclosure. Also, creditors of Soup Kitchen International, made famous by the Soup Nazi character on “Seinfeld,” are stewed. ... Read full article

By Dawn Wotapka ... Read full article

The holding company behind the failed First Regional Bank in Los Angeles, whose $2.18 billion in assets were seized by federal banking regulators nearly 18 months ago, has filed for bankruptcy protection with just a fraction of that amount—$1.3 ... Read full article

By Chad Bray ... Read full article

Reuters Warren Buffett holds a Dairy Queen ice cream bar and answers reporters’ questions before the Berkshire Hathaway annual meeting in April 2011.  Wa ... Read full article

Bloomberg Warren Buffett A judge on Monday granted the wish of Warren Buffett’s Berkshire Hathaway Inc. ... Read full article

The first “Real Housewife” to seek bankruptcy protection , Teresa Giudice of New Jersey, talked about her bankruptcy experience on the latest episode of Bravo’s “Real Housewives of New Jersey.” ... Read full article

Residential Capital LLC says Warren Buffett’s Berkshire Hathaway Inc. made an offer to buy all of ResCap’s equity for $1 before the mortgage servicer was put into bankruptcy last month. Read the Daily Bankruptcy Review article here . ... Read full article

This week on The Broke and the Beautiful, Westlife singer Shane Filan is crooning the bankruptcy blues, and Stephen Baldwin lost a lawsuit against fellow actor Kevin Costner. Also, Curt Schilling was sued personally for $2.4 million over a loan from ... Read full article