The former interior designer for Dr. Phil recently retracted a Chapter 13 bankruptcy filing that she had filed in November 2010. The designer claims that she was forced to do so because of a financially-draining legal battle that she is currently involved...
Celebrity Bankruptcy Filings
Malcom Bell given six years prison time
Malcom Bell, the 45-year-old Illinois hedge fund manager who helped facilitate the recent Petters Co. Inc. fraud scheme, has been sentenced this week in federal court to six years in prison.Bell owned a fund called Lancelot Investment Management, which invested all of...
Bankruptcy judge requires Texas Rangers to change bankruptcy plan
The Texas Rangers’ reorganization plan was challenged in bankruptcy court earlier this week. According to court reports, a bankruptcy judge said that while the lenders cannot veto a sale they do have a say in the sale process.As a result of the ruling, the current...