WSJcomBankruptcyBeat

With a $3 billion bid Ocwen Financial Corp. was named the winner Wednesday in a bankruptcy auction for the mortgage-servicing and origination assets of lender Residential Capital LLC. Read the article in Daily Bankruptcy Review.

Enterprising folks were long told to go west. Now, some are looking east.

Bankruptcy boutique Stutman, Treister & Glatt, long based in Los Angeles, on Monday opened its first New York office since its 1948 founding.

Veteran restructuring attorneys Michael H. Goldstein and William P. Weintraub will lead the new office, where they’ll be joined by four other attorneys.

A bankruptcy judge Monday confirmed Solyndra LLC’s Chapter 11 plan, brushing aside protests from the Department of Energy, which stands to lose most of the $527 million in taxpayer dollars it risked on the company. Read the Daily Bankruptcy Review article here.

A former Taylor Bean and Whitaker Corp. subsidiary is renewing its bid to probe whether Freddie Mac “aided and abetted” the multibillion-dollar bank fraud at the failed mortgage lender. Read the Daily Bankruptcy Review article here.

This week on The Broke and the Beautiful, a museum dedicated to Wayne Newton is doing more than just entertaining the notion of a bankruptcy filing, and some of Broke’s all-stars are getting together on the newest season of “Celebrity Apprentice.” Also, Michael Vick gets a dog.