People

This week on The Broke and the Beautiful, Sly Stone’s former manager, record producer Jerry Goldstein, put his companies in bankruptcy. Also, the founder of Tully’s Coffee isn’t happy with Patrick Demspey.

Jefferson County, Ala., leaders voted Tuesday to accept a debt-settlement plan that will dramatically slash the $3.1 billion owed on its sewer system and allow the struggling county to get out of bankruptcy. Read the Daily Bankruptcy Review article here.

A bankruptcy judge on Thursday warned ATP Oil & Gas Corp. that it’s not “preordained” that he’ll approve the asset sale the company has long been pinning its hopes on but which has run into complications. Read the Daily Bankruptcy Review article here.

By Deborah Gage

Tech investor and entrepreneur Halsey Minor filed for Chapter 7 bankruptcy last week in U.S. Bankruptcy Court in Los Angeles. Minor lists his liabilities as $50 million to $100 million, primarily in business debts, with assets in the $10 million to $50 million range.

This is not the first bankruptcy case for Minor–court records show cases in Virginia involving Minor Family Hotels and Carter’s Grove, a historic Virginia mansion that Minor had owned.

This week on The Broke and the Beautiful, Sinbad is in bankruptcy, and Joe Francis is mad at the jury that convicted him of assault. Also, the IRS wants to resolve Dionne Warwick’s unpaid taxes.