WSJcomBankruptcyBeat

Tim Blixseth Jailed for Contempt

04/21/15
Tim Blixseth was ordered to jail for contempt until he accounts for million he owes creditors.
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The Daily Docket: Frederick’s of Hollywood Enters Bankruptcy

04/20/15

Frederick’s of Hollywood filed for bankruptcy protection Sunday with a $22.5 million offer in hand from Authentic Brands Group LLC. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Bankrupt Boys’ Music School May Reach Out to Taylor Swift

04/17/15

This week on The Broke and the Beautiful, a bankrupt boarding school wants to call on Taylor Swift for help, and a study finds nearly one of six NFL players file for bankruptcy. Also, actress Kelly Rutherford spoke out about the custody battle that led to her bankruptcy.

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Florida Telemarketer Offering GSA Work Files for Bankruptcy

04/17/15

A Florida telemarketing firm that the state’s consumer watchdog has called a scam filed for bankruptcy protection.

Facing a lawsuit over allegedly deceptive practices, Federal Verification Co., which promised to help small businesses win lucrative U.S. government contracts, filed for bankruptcy on Monday to try to stop an upcoming trial.

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Forward Motions: Siga Creditors to Seek Permission to Investigate Executives

04/17/15

In an Austin, Texas, courtroom Monday, WBH Energy LP will ask a bankruptcy judge to approve bidding procedures that could see the company’s assets sold for at least $25 million.

WBH Energy’s lender, investment firm Castlelake LP, has agreed to serve as the lead bidder at an upcoming bankruptcy auction. The lender intends to credit bid—or offer to forgive some of the debt it is owed—for the independent oil company’s assets.

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The Daily Docket: Texas AG Cites Privacy Concerns in RadioShack Customer Data Sale

04/17/15
Tony Gutierrez/Associated Press

Texas Attorney General Ken Paxton says a plan to sell the RadioShack Corp.

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The $12,473 Corporate Reorganization

04/16/15

The owner of a small, struggling business can get sticker shock at the $100,000 to $300,000 price of a corporate reorganization in bankruptcy.

Meet the Florida lawyer who fixed VitaChef Steamer Skillets’ financial problems for a fraction of that amount.

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Little Saigon News Files for Bankruptcy Following Defamation Dispute

04/16/15

A war of words between two newspapers for the Vietnamese immigrant community has landed one paper in bankruptcy court.

The Little Saigon News, a Vietnamese-language newspaper distributed in 17 U.S. cities, filed for bankruptcy earlier this week after facing a $4.5 million penalty for declaring that a rival publication is owned by the Communist government.

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Protections in Place for Former Lifestyle Lift Patients, Employees

04/16/15

The sudden shutdown in March of plastic surgery chain Lifestyle Lift has created confusion for patients looking for refunds on scheduled services that never happened. The company’s 400 laid-off employees, meanwhile, have been scrambling to find answers to questions about incomplete final paychecks and how to access retirement benefits.

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The Daily Docket: Bankruptcy Shield Protects GM From Ignition Switch Suits

04/16/15

In a 134-page ruling, a federal judge handed General Motors Co. a legal victory on Wednesday, ruling the Detroit auto maker can retain a bankruptcy shield that protects it from as much as $10 billion in claims brought by customers seeking damages tied to faulty ignition switches, The Wall Street Journal reported. 

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