News Topic: WSJcomBankruptcyBeat

The lawyers who’ve tried to calm the storm surrounding Girls Gone Wild have reached a deal with casino kingpin Steve Wynn , whose attempt to squeeze more than $30 million out of the adult-entertainment producer’s companies led them to file for bankruptcy ... Read full article

Ambulance company Rural/Metro Corp., which provides ambulance service in rural communities, is getting ready for a possible bankruptcy, The Wall Street Journal reports . ... Read full article

Detroit’s bankruptcy judge has proposed to hold a trial in October for the city’s retirees and bondholders to argue that Michigan law blocks the city from using the power of bankruptcy to cut more than $18 billion in debt. Read the Daily Bankruptcy Review ... Read full article

Associated Press Giuseppe Giudice, left, and wife Teresa Giudice walk out of Martin Luther King Jr. ... Read full article

Cengage Learning Inc.’s unsecured creditors are accusing the company’s first-lien lenders, including current equity owner Apax Partners L.P., of orchestrating a “value-grabbing effort” to deleverage the company and capture all its value at the expense of ... Read full article

Getty Images DMX The rapper DMX filed for Chapter 11 bankruptcy protection, court records show, days after his arrest on suspicion of driving under the influe ... Read full article

Unhinged from their dream of running a museum crowded with tourists who are eager to learn about young America’s Westward expansion, officials at the Great Platte River Road Archway Monument in Nebraska will settle for mediocre attendance and no more bond ... Read full article

Robert Galbraith/Reuters If your law firm bailed out a partner from Dewey & LeBoeuf LLP as it sunk into bankruptcy, your firm might be getting subpoenaed soon. ... Read full article

Dish Network Corp. Chairman  Charlie Ergen  stands to make hundreds of millions of dollars in profits personally if Dish’s bid for wireless telecommunications firm LightSquared succeeds, court records and people familiar with the situation say. ... Read full article

Associated Press Victor Cristobal speaks at a news conference to protest Mi Pueblo Food Center’s use of the federal E-Verify program on Sept. 6, 2012, San Jose, Calif. ... Read full article

This week on The Broke and the Beautiful, we’ve got more on the upcoming auction of Casa Casuarina, as well as some informational tidbits about the former Versace mansion. Also, former Atomic Kitten singer Kerry Katona was tapped to play Marilyn Monroe in ... Read full article

MF Global Holdings Ltd. has struck a deal with J.P. Morgan Chase & Co. that calls for the bank to pay MF Global a portion of what the bank recovers in the case, a settlement that MF Global’s administrator says avoids “years of costly and complex ... Read full article

Brendan Hoffman/Reuters Bernard Madoff in 2009 The art, furniture and décor that once populated Bernard Madoff’s New York office—described by one visitor a ... Read full article

Troubled companies from as far away as Taiwan are eschewing their home courts in favor of a U.S. Chapter 11 bankruptcy case. ... Read full article

The federal judge handling the nation’s largest municipal-bankruptcy case ruled Wednesday that the city of Detroit is entitled to protection from state lawsuits challenging its bankruptcy filing. Read the Daily Bankruptcy Review article via The Wall Steet ... Read full article

Melanie Cohen A project to bring farm-grown and raised foods directly to New York City dwellers has filed for bankruptcy liquidation. ... Read full article

Bloomberg News Before the first spectator set foot inside a courtroom for the city’s debut bankruptcy hearing Wednesday morning, the judge in charge of Detroit’s historic Chapter 9 case laid out some ground rule ... Read full article

Mexican phone company Maxcom Telecomunicaciones S.A.B. filed for Chapter 11 bankruptcy protection in the U.S. late Tuesday after reaching a deal with its creditors that would hand control of the company to a group of investors led by private equity firm ... Read full article