Patriot Coal Corp. Thursday said it has reached preliminary deals to secure $576 million in bankruptcy-exit financing. Read the Daily Bankruptcy Review article here.
This week on The Broke and the Beautiful, Tori Spelling is having money problems, and the bakery made famous by the movie “Moonstruck” filed for bankruptcy. Also, the U.S. trustee in DMX’s bankruptcy wants to shut down his case.
A U.S. judge Thursday cleared the way for Paul Singer’s hedge fund Elliott Management and King Street Capital Management LP to buy a multibillion-dollar bankruptcy claim owed to a Lehman Brothers U.K. subsidiary at a discount. Read the Daily Bankruptcy Review article via MoneyBeat.
This week on The Broke and the Beautiful, Mickey Rooney’s stepson admitted to taking $2.8 million from his stepfather. Also, Ozzy Osbourne’s oldest child is occupying his brain with bankruptcy.
