WPRI Reports - Final Chapter for Borders Books. Watch Video.....
Wednesday, July 20, 2011
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Monday, July 18, 2011
The Broke and The Beautiful
3:04 PM
MrDebtBuster
The Wall Street Journal has added a new section to their website, a weekly column that focuses on beauftiful people who are, well broke.
This week their column showcased actress Eva Longoria, Rapper 50 Cent, R Kelly and of course, the LA Dodgers.
According to the column, "Eva Longoria may be playing a town mayor in her new movie, but the “Desperate Housewives” actress was on the other side of the bench Wednesday. According to Vegas Inc., attorneys for creditors Mali and Ronen Nachum—who have been battling Longoria’s Beso LLC for money—responded to the closure of Beso’s Eve nightclub by picking up some dance moves of their own, in the...
Borders: Fate After Filing Bankruptcy TBD This Week
2:53 PM
MrDebtBuster
NEW YORK (ASSOCIATED PRESS)— Borders (BGPIQ) is edging closer to extinction after no new bids surfaced on Monday in an auction process for the bookstore chain other than the opening bid from two liquidation firms.
Borders, which helped pioneer the big-box bookseller concept and once operated more than 1,000 stores before shrinking to its current 400, last week assigned the opening bid in its auction process set for Tuesday to two liquidation firms, Hilco Merchant Resources and Gordon Brothers Group. The move came after a bid fell through from private-equity firm Najafi Companies that could have kept the chain a going concern. Creditors...
Tuesday, July 12, 2011
The Most Famous Bankruptcies of 2011
9:05 PM
MrDebtBuster
While the question of "who" holds the title of the most infamous bankruptcy of 2011 could be disputed; one fact is not up for dispute, four successful celebrities filed bankruptcy this year. In fact, for one of these celebrities this is the second time they have filed bankruptcy.
Toni Braxton
Please don't take the Grammys! The six-time Grammy award winner is making headlines as her six Grammy Awards may be sold to cover her bankruptcy debt. It has been reported that Braxton owes $125,000 to creditors and that the trustee overseeing her bankruptcy liquidation could in fact seize and sell any property covered by the agreement including her...
Crystal Cathedral Bankruptcy | Opens Door to More Offers
8:51 PM
MrDebtBuster
SANTA ANA – An attorney representing the Crystal Cathedral in its bankruptcy case told the court Tuesday that the church board is actively considering several offers other than one made by a Newport Beach developer in May.
The cathedral requested and received a partial withdrawal from a plan that would make developer Greenlaw Partners LLC, the main bidder for the 35-acre church campus. The plan, which the church withdrew, also entitled Greenlaw to a "break-up fee" of $920,000 if outbid.
Crystal Cathedral Ministries is considering several proposals from buyers....
