People

Singer T-Boz may have won several Grammys as a member of the group TLC, but she didn’t win the favor of the judge who tossed her third bankruptcy case.

Court papers show the move came at the request of the trustee overseeing the bankruptcy of T-Boz, who once joined her bandmates in a song denouncing the advances of a “scrub” with no money, no car and no house (h/t TMZ).

This week on The Broke and the Beautiful, actor and “Celebrity Apprentice” contestant Gary Busey files for Chapter 7 bankruptcy, and Chrysler’s Super Bowl ad sparks controversy. Also, the New York Mets’ owners face new allegations regarding Bernard Madoff’s Ponzi scheme.

A judge Thursday cleared Hostess Brands Inc. to borrow the entirety of its $75 million bankruptcy loan, siding with the maker of Twinkies and Wonder Bread over protests from unsecured creditors who warned the financing deal would drive the company toward “extinction.” Read the Daily Bankruptcy Review article here.

Former Florida mortgage lender Lee Farkas, the government’s biggest criminal conviction of the financial crisis, wants a retrial.

Empowered by a recent court ruling, Jefferson County, Ala., leaders are planning to wield their bankruptcy case privileges to squeeze sewer system bondholders who—for nearly half a decade—have squeezed them. Read the Daily Bankruptcy Review article here.