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Petters Fights to Shorten Sentence

07/11/13
Associated Press
Tom Petters in January 2002

More than three years after receiving a 50-year sentence, convicted Ponzi scheme-operator Tom Petters is looki

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Contractor in Philly Building Collapse a No-Show in Bankruptcy

06/19/13

When Griffin Campbell filed for Chapter 13 protection in March, he was like a lot of other small-time Philadelphia entrepreneurs, with a string of properties, a load of unpaid taxes, a criminal record and a contractor’s license.

Then came the June 5 building collapse that killed six people and injured more than a dozen others, triggering a wave of lawsuits, a grand jury probe, a special hearing of Philadelphia’s City Council, the suicide of a city building inspector and criminal charges against a worker on the site, with the possibility of more charges on the way.

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Texas Construction Firm Caught in Rare Spider’s Web

06/18/13

You are a construction company in Harlingen, Texas, the heartland of tough, that’s been around since 1937. You’re working at a San Antonio road project, already strained by fuel prices that are higher than what you forecast in your contract bid, when which of the following triggers your collapse:

  1. Wind damage from a tornado.
  2. Untimely delays from an understaffed inspections department.
  3. An endangered spider that’s smaller than a dime.

It’s a lesson never to underestimate the power of small things.

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Sly Stone’s Ex-Manager Puts Companies in Chapter 11

06/04/13
Sony Music Entertainment
Sly and The Family Stone

Sly Stone’s former manager, who the troubled singer claims duped him into signing away his music royaltie

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Joe Francis Says Bankruptcy Trustee Aims to Destroy Girls Gone Wild

05/31/13
Reuters
“Girls Gone Wild” founder Joe Francis arrives at the 2012 MTV Movie Awards in Los Angeles.

Girls Gone Wild founder Joe Francis says the trustee who

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Fat-Melting Laser Distributor Files for Bankruptcy

05/24/13

The Texas company that once held the license to sell the Zerona fat-melting laser machines, which offers incision-free liposuction in the offices of cosmetic surgeons, has filed for bankruptcy protection to try to keep its grip on its recently terminated licensing agreement with the laser’s manufacturer.

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Revel Wants You (and Your Dog) to Visit

05/22/13
Revel Atlantic City
Revel is offering its four-legged guests custom dog beds.

Revel is kicking o

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The Daily Docket: Ergen Makes Bid for LightSquared

05/21/13

Satellite mogul Charlie Ergen bid $2 billion for certain spectrum from LightSquared Inc., the bankrupt wireless venture spearheaded by financier Philip Falcone, The Wall Street Journal reports.

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Dispatch Wins Round in Columbus Exploration Bankruptcy Fight

05/20/13
Associated Press
Gold bars and coins from the S.S.
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The Daily Docket: Aurelius Scores Big in Tousa’s ‘Grand Bargain’

05/20/13

Florida home builder Tousa Inc ., which collapsed five years ago when the housing bubble popped, is seeking approval of a Chapter 11 plan that proposes to pay bondholders hundreds of millions of dollars, a big win for the hedge funds who bought up the company’s debt at a deep discount then battled lenders for a payout. Read the story here in the Daily Bankruptcy Review.

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