This week on The Broke and the Beautiful, the trustee for Scott Rothstein’s law firm makes a slam dunk with a Miami Heat settlement, and college football coach John L. Smith may enter bankruptcy. Also, Thomas Kinkade’s wills won’t be in the dark.
Mammoth Lakes, Calif., on Tuesday filed for Chapter 9, or municipal bankruptcy, less than a week after nearby Stockton, Calif., sought the same protection. Read the Daily Bankruptcy Review article here.
Abound Solar Inc., the recipient of a federal loan guarantee from the U.S. Department of Energy, filed for Chapter 7 bankruptcy liquidation Monday. Read the Daily Bankruptcy Review article here.
Lehman Brothers Holdings Inc. said Friday it has sold its Aurora Bank FSB subsidiary, a move that should help funnel some $1.5 billion into the pockets of Lehman’s creditors. Read the Daily Bankruptcy Review article via The Wall Street Journal.
This week on The Broke and the Beautiful, Nadya “Octomom” Suleman said she still believes in homeownership, and Lenny Dykstra pleaded guilty to bankruptcy fraud. Also, Curt Schilling’s videogame company is under investigation.
