WSJcomBankruptcyBeat

Saab Automobile AB Wednesday filed for protection from its creditors in Sweden, in a move that buys time for the car maker to secure additional short-term funding to restart production, reports The Wall Street Journal.

Don’t underestimate the maker of the Slip ‘N Slide.

It may seem like it would be all fun and games to represent Wham-O Inc., the Emeryville, Calif., manufacturer of some of your favorite childhood toys, including the Hula Hoop, the Hacky Sack, the Frisbee Disc, and yes, that strip of plastic that used to provide you with hours of semi-painful backyard entertainment.

Grounded from his corporate jet and facing accusations fraud, an entity controlled by Atlanta businessman William B. Johnson filed for bankruptcy protection Friday.

Once the owner of the Ritz-Carlton Hotel chain, Johnson filed a Chapter 11 petition in U.S. Bankruptcy Court in Wilmington, Del., on behalf of a company that’s on the hook for a $15 million loan that the well-known entrepreneur used to buy a corporate jet.

This week on The Broke and the Beautiful, Stephen Baldwin’s bankruptcy case has been canned, housewives are sweeping through the press, and both college and professional football are at the center of the bankruptcy spotlight.

Virginia wine country meets Hollywood.