WSJcomBankruptcyBeat

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.

Trump Entertainment Resorts lost a bid Friday to pull out immediately from the pension fund for 1,135 unionized employees at the Trump Taj Mahal, a decision that could mean only a brief reprie

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.

Growing up in northern New Jersey, fraternal twin brothers Ken and Sandy Rosen didn’t share a dream of becoming bankruptcy lawyers.