The Broke and the Beautiful: Playing Nice Edition

This week on The Broke and the Beautiful, DMX promises to play nice, and Tori Spelling says she’s lost some money but isn’t broke. Also, Cole Hamels and Aaron Shea scored a touchdown in bankruptcy court.

Last month, a federal bankruptcy watchdog was losing her mind over DMX’s bankruptcy case. But now, perhaps she can party up (up in bankruptcy court). As Bankruptcy Beat reported, the rapper said he’d play nice and do what he has to for a successful Chapter 11 reorganization. According to DMX’s lawyer, Joel Shafferman, the rapper will even attend a number of rescheduled creditor meetings and turn over financial records that will help resolve inconsistencies in his case, which the trustee is seeking to convert to a Chapter 7 liquidation. Perhaps the trustee’s agreement would staunch the blow of DMX’s latest arrest, made earlier this week for driving with a suspended license.

Tori Spelling recently admitted to having such financial problems that her husband couldn’t afford a vasectomy, and now she’s spilling more details. In addition to revealing financial and other issues in her new memoir, Spelling It Like It Is, the reality-TV personality told ABC News that she couldn’t afford a luxurious lifestyle anymore. But “I am not broke,” she said, adding that bad spending habits have just forced her to scale back.

Cole Hamels and Aaron Shea scored a homer in bankruptcy court this week—sort of. Bankruptcy Beat reported that the baseball player and retired football player got the green light from a judge to keep going after their ex-financial adviser, who the two have accused of cheating them. Mr. Hamels and Mr. Shea say Bill Clay Crafton Jr., who’s in bankruptcy but was shielded by a lawsuit because of bankruptcy’s automatic stay provision, was reckless with their money. But Judge Christopher B. Lathan lifted the shield this week, allowing the two to keep going with the arbitration they launched last year.

Some of former baseball star Curt Schilling’s personal property—from stuffed animals to a power lift chair—was sold at auction last month. This month, an attorney wants to hold off on a sale of the intellectual property of Mr. Schilling’s defunct videogame company, 38 Studios LLC. According to the Providence Journal, the auction was originally slated to take place next week, but attorney Richard Land said the company’s IP has garnered more interest than expected. He’s looking to put off the auction for a couple of weeks.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa.