Restructuring

Puerto Rico’s Prepa utility has until mid-December to come up with a new business plan and early March to propose a debt-restructuring plan.

Puerto Rico’s Prepa utility has until mid-December to come up with a new business plan and early March to propose a debt-restructuring plan.

Apple Inc.

This week on The Broke and the Beautiful, a judge handed down prison sentences to “Real Housewives of New Jersey” stars Teresa and Joe Giudice, and some other “RHONJ” stars are in the news as well. Also, Detroit has made a major impression on Ben Affleck, who’s filming the latest “Batman” installment in the bankrupt city.

The slow-but-sure liquidation of Lehman Brothers Holdings Inc.’s assets continued during the first half of 2014, as the failed investment bank still had more than $4 billion in private equity and real estate assets as of June 30. Read the Daily Bankruptcy Review article in Private Equity Beat.