People

This week on The Broke and the Beautiful, Alex Rodriguez’s troubles pushed the producer of a new cartoon into bankruptcy. Also, Warren Sapp’s shoes were finally sold and the former Versace mansion is about to hit the auction block.

This week on The Broke and the Beautiful, Detroit is getting some superheroes. Also, Girls Gone Wild founder Joe Francis earned some jail time, and well-wishers are putting together a legal defense fund for Teresa and Joe Giudice.

The city of San Bernardino, Calif., won approval to restructure in Chapter 9 bankruptcy protection, The Wall Street Journal reports.

A bankruptcy judge Wednesday confirmed K-V Pharmaceutical Co.’s Chapter 11 restructuring plan, which is based on a $275 million investment deal with a group of its junior bondholders. Read the Daily Bankruptcy Review article here.