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Judge Rules Marino Charity Owes Nada to Rothstein Creditors

11/01/12
Associated Press
The charity founded by ex-football star Dan Marino, pictured here, doesn’t owe money to Rothstein Rosenfeldt Adler’s creditors, a judge ruled.

The charity

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The Daily Docket: Fisker Balks at A123′s Bid to Scrap Contract

11/01/12

Electric car maker Fisker Automotive Inc. says recently bankrupt battery maker A123 Systems Inc.'s bid to scrap their contract will “severely harm” its business. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Hawker Files New Exit Plan

10/31/12

Following the recent collapse of a deal to sell its business to Chinese aircraft manufacturer, Hawker Beechcraft Inc. has filed a new plan to exit bankruptcy in the hands of a group of hedge funds that includes Bain Capital’s Sankaty Advisors. Read the Daily Bankruptcy Review article here.

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The Daily Docket: A123 Seeks to Tap Wanxiang Finanacing

10/30/12

A123 Systems Inc., the electric-car battery maker that recently filed for bankruptcy, is seeking emergency approval to tap a $50 million loan provided by a Chinese auto-parts maker to fund its Chapter 11 case pending an auction of the clean energy firm. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Soured Student Loans Bankrupt Parents, Grandparents

10/29/12

Editor’s note: On Friday, The Wall Street Journal’s Kelly Greene explored the peril student-loan co-signers face when borrowers default. Bankruptcy Beat’s Katy Stech expands on the dilemma faced when the co-signers themselves end up in bankruptcy to try to discharge the debt.

Lenders who extended $132,000 in student loans to Kristina Pietras before she dropped out of the University of Toledo knew she couldn’t afford to pay them back.

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The Daily Docket: First Place Enters Bankruptcy

10/29/12

First Place financial Corp. has filed for bankruptcy protection and is selling the stock of subsidiary First Place Bank, the Youngstown Vindicator reports.

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A Supreme Masquerade

10/26/12
Associated Press
Michael Mancini, who impersonated a bankruptcy lawyer, often called himself a name similar to Supreme Court Justice Antonin Scalia.

Hear

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The Broke and the Beautiful: Sharp-Dressed Men Edition

10/26/12

This week on The Broke and the Beautiful, a senator from New York wants to keep Hickey Freeman’s operations domestic, a museum did more than entertain the notion of bankruptcy, and a music festival has called it quits.

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The Daily Docket: Berkshire Wins ResCap Loans

10/26/12

Warren Buffett ’s Berkshire Hathaway Inc. was the winning bidder in a bankruptcy auction for a portfolio of loans from Residential Capital LLC , the subprime mortgage unit of government-owned Ally Financial Inc., ResCap said Thursday. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Lessons From the Death of Circuit City

10/25/12
Alan L. Wurtzel

Alan L.

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