WSJcomBankruptcyBeat

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 an upcoming musical about the actress’s life.

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

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 Journal.

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

More than two years after Howrey LLP’s dissolution and bankruptcy, the lawyers tasked with cleaning up the law firm’s messy demise are still picking up the pieces.

In a four-month span, bankruptcy trustee Allan Diamond has sued 16 of the 70 some law firms that hired some of the 200-plus partners who once practiced at Howrey. The lawsuits seek to claim Howrey’s share of the profits from the ongoing work the partners brought with them to their new firms. Any money recovered from the lawsuits will go the firm’s creditors. Let’s see where the litigation stands, shall we?