News Topic: WSJcomBankruptcyBeat

This week on The Broke and the Beautiful, the Texas Rangers come closer to winning their first World Series, the Los Angeles Dodgers and owner Frank McCourt are fraught with drama, and a $10 million home on South Florida’s Star Island that was once owned ... Read full article

Innkeepers USA Trust on Thursday said it has closed its $1.02 billion sale of 64 hotels to Cerberus Capital Management LP, the last step in the hotelier’s emergence from Chapter 11 bankruptcy. Read the Daily Bankruptcy Review article here . ... Read full article

Reuters Interior of the Crystal Cathedral A year in bankruptcy protection finally seems to have set Crystal Cathedral Ministries down a new path. ... Read full article

Lehman Brothers Holdings Inc. said recent settlements with a number of its far-flung foreign affiliates have put the failed investment bank on track to win approval of its plan to exit bankruptcy by the end of the year. Read the Daily Bankruptcy Review ... Read full article

Associated Press Michael Mazzeo Electric wired the electricity for the “Tribute in Light.” A company that helps keep the lights on for the city that never sleeps has filed for b ... Read full article

A California bankruptcy judge Tuesday approved Lehman Brothers Holdings Inc.’s Chapter 11 plans for more than a dozen real-estate projects that had been caught up in the legal tug of war between the failed investment bank and land developer SunCal Cos. ... Read full article

Associated Press Gregory Podlucky, left, arrives with attorneys for his sentencing on Thursday, Oct. 20. ... Read full article

Associated Press Los Angeles Dodgers owner Frank McCourt in a June 2010 file photo Season-ticket holders abandoned their demand for an official committee of their own in the ... Read full article

Lehman Brothers Holdings Inc. and California land developer SunCal Cos. reached a settlement in their long-running fight over the fate of more than a dozen stalled real-estate projects. Read the Daily Bankruptcy Review article here . ... Read full article

AP Photo/Mark J. ... Read full article

A judge Friday approved a lower-priced sale of Innkeepers USA Trust’s hotels to private-equity firm Cerberus Capital Management LP, putting the hotelier’s bankruptcy exit back on track after nearly two months of hiccups. Read the Daily Bankruptcy Review ... Read full article

The possibility for fraud exists within the system of trusts set up by bankruptcy courts to deal with asbestos personal injury claims, although claims were down slightly in 2010 compared to the prior year, according to a new government report. ... Read full article

This week on The Broke and the Beautiful, two Florida sports teams are feeling the heat from Scott Rothstein’s bankruptcy trustee. Also, Lenny “Nails” Dykstra motors into a plea deal, and British band UB40 is declared bankrupt. ... Read full article

Donald Trump’s hotel group is asking for $8.5 million worth of bid protections on its $170 million offer to buy the Doral Golf Resort & Spa out of bankruptcy. Read the Daily Bankruptcy Review story here . ... Read full article

The owner of troubled car maker Saab Automobile, Swedish Automobile NV, said Thursday it has received an offer from U.S. private equity firm North Street Capital for funding of Saab. Read the Dow Jones Newswires story here in Daily Bankruptcy Review. ... Read full article

The last supplier to recover goods from food manufacturer Orval Kent Food Co. gets a rotten egg! Prime Foods Inc. , an Indiana-based egg seller, wants Orval Kent to return the nearly $60,000 worth of hard-boiled eggs it received in the weeks leading up to ... Read full article

David Ruggerio, a former Food Network host and the owner of several Manhattan restaurants, put two of his restaurants in Chapter 11 bankruptcy protection last week. ... Read full article

Associated Press A handgun that once allegedly belonged to mobster Bugsy Siegel on display at the Mob Experience Museum in Las Vegas. A purchase offer from an investor has become ... Read full article