Restructuring

This week on The Broke and the Beautiful, “Meet the Parents” star Teri Polo is in bankruptcy and Tavern on the Green is reopening.  Also, Alec Baldwin is helping out Central Falls, R.I.’s public library.

A high-profile hearing in Detroit on Monday could take the city one step closer to a vote on a restructuring plan.

A federal bankruptcy judge has already dismissed objections from unions, banks and bond insurers, largely clearing the way for a vote by creditors on a debt-reduction plan in the nation’s largest municipal bankruptcy.

A bankruptcy judge on Thursday approved Genco Shipping and Trading Ltd.’s restructuring agreement with lenders and creditors, setting the shipping company on a path to exit bankruptcy in less than seven weeks. Read the Daily Bankruptcy Review article here.

It turns out Joe Francis isn’t the only one interested in