WSJcomBankruptcyBeat

This week on The Broke and the Beautiful, Toni Braxton got a new house, Aaron Carter completed a debt class, and an art collection from Ralph Esmerian yielded $13 million at auction.

Knighthead Capital Management LLC says it is “extremely troubled” by what it says is a lack of transparency for millions of dollars of fees charged in the liquidation of MF Global Inc., The Daily Bankruptcy Review reported.

Stockton, Calif., residents who are trying to prevent their animal shelter from prematurely euthanizing abandoned cats and dogs have made it past a key legal hurdle: the city’s bankruptcy case.

Leslie D. Corwin is joining law firm Blank Rome LLP on Feb. 1 as a partner with the corporate litigation group. Mr. Corwin, who will be based in New York, most recently was a shareholder at Greenberg Traurig LLP. He has represented clients in bankruptcies, liquidations, dissolutions and mergers and acquisitions.

The city of Detroit presented creditors with a debt-cutting plan, The Wall Street Journal reports.