News Topic: People

Alabama lawmakers refused to throw struggling Jefferson County a financial lifeline with a bill that would have allowed it raise millions of dollars in taxes. The move would have helped the county plug holes in its general fund and ease it out of ... Read full article

A federal appeals court has reversed a lower court decision involving the bankruptcy of Florida home builder Tousa Inc. in a closely watched court case that could have far-reaching implications for lenders of struggling companies and their creditors. Read ... Read full article

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This week on The Broke and the Beautiful, Terrell Owens opens up to famed talk-show host Dr. Phil, and the Phoenix Coyotes might be ending its period of NHL ownership. Also this week, Gary Busey has a new job. ... Read full article

Las Vegas developer Bill Plise is trying to shake off some $500 million worth of personal debts in bankruptcy, mostly guarantees of bank loans linked to a bid to develop City Crossing, a $2 billion casualty of the recession. Read the Daily Bankruptcy ... Read full article

Lehman Brothers Holdings Inc. lashed out at Sam Zell's deal with banks to extend Zell's option to buy their remaining stake in Archstone. ... Read full article

Alabama’s constitution makes it nearly impossible for counties to raise taxes without state approval, a situation that has complicated efforts to bring debt-laden Jefferson County out of the largest bankruptcy in municipal history. Read the Daily ... Read full article

This week on The Broke and the Beautiful, “Octomom” Nadya Suleman hatches a Chapter 7 bankruptcy petition, and Sonya Dakar has taken both her skincare company and herself to bankruptcy court. Also this week, the Los Angeles Dodgers sale is complete. ... Read full article

Aircraft manufacturer Hawker Beechcraft Inc. sought bankruptcy protection Thursday, after striking a deal with creditors to swap some $2 billion in debt for control of the reorganized company. Read the Daily Bankruptcy Review article via The Wall Street ... Read full article

Only one day after her daughter put Sonya Dakar’s Hollywood skincare clinic into bankruptcy, the esthetician to the stars filed for Chapter 11 protection herself. ... Read full article

Getty Images The trustee winding down Lehman Brothers brokerage has reached agreement with its former parent and its U.K. ... Read full article

A judge on Monday said Eastman Kodak Co. could pay millions of dollars in bonuses to several hundred employees to keep them happy and at the company, overruling an objection by the Justice Department’s bankruptcy-watchdog unit. Read the Daily Bankruptcy ... Read full article

This week on The Broke and the Beautiful, rapper 50 Cent is laying claim to former protégé Young Buck’s IP, and Teresa Giudice is updating us on her bankruptcy. Also this week, the Boston Red Sox president’s special assistant says the Los Angeles Dodgers ... Read full article

A former National Football League player and current coach is suing former super agent Leigh Steinberg in bankruptcy court over unpaid loans. ... Read full article

Fashion designer Betsey Johnson’s company filed for bankruptcy protection Thursday night in New York, following poor performance in its chain of retail stores. Read the Daily Bankruptcy Review article here . ... Read full article

Echoing Tuesday’s opinion by the parent of America Airlines’ chief restructuring officer, a restructuring adviser to AMR Corp. said drastic cuts in labor costs are needed. Managing Director David L. Resnick also said the company’s stakeholders will ... Read full article

By Joe Palazzolo ... Read full article

Getty Images for Coachella 50 Cent performs onstage during the third day of the 2012 Coachella Valley Music & Arts Festival. Rapper 50 Cent is laying clai ... Read full article