People

The Broke and the Beautiful: Dionne Warwick Edition

03/29/13

This week on The Broke and the Beautiful, singer Dionne Warwick says a little prayer in bankruptcy, and a new book paints a foul picture of Lenny Dykstra. Also, actor Alec Baldwin is helping out Central Falls High School in its bid to enter a chess tournament.

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The Daily Docket: Judge OKs AMR Merger With US Airways

03/28/13
Associated Press

A bankruptcy judge said it would be “inappropriate” to approve a $20 million exit package for the outgoing chief executive of American Airlines parent

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British Business Star Loses Bid to Shield U.S. Assets

03/27/13

Former British business star Paul Kemsley got a thumbs-down last Friday from a New York bankruptcy judge who was asked to shield Kemsley’s U.S. assets while a court in London helps him deal with creditors.

Judge James M. Peck of the U.S. Bankruptcy Court in Manhattan denied a U.K. trustee’s request to shield Kemsley’s U.S. assets under Chapter 15 of the Bankruptcy Code, which would have protected Kemsley from creditor action in the U.S. pending a resolution of the U.K. proceedings.

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The Daily Docket: Lehman to Distribute $14.2B to Creditors

03/27/13
Agence France-Presse/Getty Images

Lehman Brothers Holdings Inc.

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Do You Know the Way to Bankruptcy Court?

03/26/13
European Pressphoto Agency
Dionne Warwick

Say a little prayer for Dionne Warwick…and her bank account.

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The Daily Docket: Ex-Howrey Partners Look to Settlement Talks

03/25/13

Some former partners of Howrey LLP have agreed to spend the next several months in settlement talks to avoid litigation over the defunct law firm’s 2011 collapse. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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‘Girls Gone Wild’ and Out of Control?

03/22/13
Arnold Turner/Invision/Associated Press
In this Sept.
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The Broke and the Beautiful: Put a Ring on It Edition

03/22/13

This week on The Broke and the Beautiful, a trustee for Yuri Sucart says a replica 2009 World Series ring belongs to Sucart’s bankruptcy estate. Also, 10 dresses worn by Princess Diana were sold, and they weren’t cheap.

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Howrey Partners, Trustee Working on Settlements

03/21/13

A handful of Howrey’s former partners can breathe easily, at least for the next few months: they’ve struck a deal that gives them time to work on settling potential lawsuits related to their roles in winding down the 55-year-old law firm.

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The Daily Docket: Aurelius Sues Over Loan Deal

03/21/13

Hedge fund Aurelius Capital Master Ltd. is suing an Energy Future Holdings Corp. unit and some current and former directors over a loan deal tied to the $32 billion leveraged buyout that loaded the Texas power company with debt. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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