WSJcomBankruptcyBeat

Versace Mansion Sells for $41.5 Million

09/17/13
Associated Press
This undated photo provided by Casa Casuarina, shows the pool of Casa Casuarina, the mansion once owned by by Italian designer Gianni Versace, in Miami Beach
[more]

The Daily Docket: Penthouse Publisher Enters Bankruptcy

09/17/13
Associated Press/Jim Lukoski
In this May 12, 1984 file photo, subway commuters point to a poster sporting a caricature of a nearly nude Walter Mondale that promotes the curre
[more]

Dance New Amsterdam to Vacate Studio Next Month

09/16/13

Dance New Amsterdam, the troubled nonprofit, will vacate its Manhattan dance education and performance center next month after failing to make its September rent payment.

Landlord Fram Realty will let Dance New Amsterdam, or DNA, remain in its studio at 280 Broadway through Oct. 14 under a deal that DNA’s bankruptcy judge approved on Friday. The landlord also agreed to consider any proposals from DNA to stay in the studio, court papers show.

[more]

The Daily Docket: Judge Approves ResCap Deal With FGIC

09/16/13

A federal bankruptcy judge Friday approved Residential Capital LLC ’s $596.5 million mortgage-backed securities settlement with bond insurer Financial Guaranty Insurance Co. Read the Daily Bankruptcy Review article here.

[more]

Bankruptcy Lawyer: Letting Lehman Fail Was ‘Tragic Error’

09/13/13
Carolyn Kaster/Associated Press
Harvey Miller, business finance and restructuring partner Weil, Gotshal & Manges LLP, is sworn in during a Financial Crisis Inquiry Commission
[more]

The Broke and the Beautiful: Not Movin’ on Up Edition

09/13/13

This week on The Broke and the Beautiful, a dispute over Sherman Hemsley’s residuals won’t go to arbitration, and Wayne Newton’s estate is on the market. Also, Kerry Katona is having a baby.

[more]

The Daily Docket: Judge Confirms AMR Plan

09/13/13
Associated Press
American Airlines planes and a US Airways plane at parked at Washington’s Reagan National Airport on Aug.
[more]

Lehman Players Look Back on Historic Bankruptcy

09/12/13
Carolyn Kaster/Associated Press
Harvey Miller, business finance and restructuring partner Weil, Gotshal & Manges LLP, is sworn in during a Financial Crisis Inquiry Commission
[more]

The Daily Docket: Potential Bidding War Brews for Furniture Brands

09/12/13

A potential bidding war is brewing for Furniture Brands International Inc., the big furniture manufacturer that filed for Chapter 11 earlier this week with a plan to sell most of its assets to Oaktree Capital Management. Read the Daily Bankruptcy Review article via The Wall Street Journal.

[more]

Facing Lead Paint Suits, Baltimore’s City Homes Files for Bankruptcy

09/11/13

City Homes Inc., which rents more than 300 Baltimore apartment units to low-income tenants and faces a wave of lead paint lawsuits, filed for Chapter 11 protection.

[more]