BankruptcyProf Blog

Crystal Cathedral gives founder board vote again

"The Crystal Cathedral megachurch has restored the voting rights of its founder, the Rev. Robert H. Schuller, on the church's governing board."

Read more here.

The Broke and the Beautiful: Vegas Edition

"This week on The Broke and the Beautiful, Beso’s back in the news and football players are fumbling. Also, actor Tobey Maguire may need to ramp up his Spidey senses for next year’s poker-lawsuit trial."

Read more here.

Madoff, Borders, Lehman, Giordano’s, Spansion: Bankruptcy

Nice summary of bankruptcy current events: read it here.

Maguire's poker lawsuit heading to trial

"Tobey Maguire's legal battle against the bankrupt trustees of convicted conman Bradley Ruderman is heading to trial in January, 2012.

The Spider-Man star is accused of beating Ruderman in a series of unlicensed poker games in California, taking more than $300,000 in winnings from the bankrupt hedge fund manager, who is currently serving time in prison after being convicted of operating a fraudulent Ponzi scheme."

Read more here.

Former USC, NFL football player sentenced for bankruptcy fraud

"Richard Francis Sanford, 54, of Lexington, pleaded guilty in U.S. District Court in Columbia to bankruptcy fraud and was sentenced to two years’ probation, 30 days’ home confinement and 100 hours of community service, U.S. Attorney Bill Nettles said Friday."

Read more here.

Alabama's Jefferson County hires bankruptcy lawyers

"Alabama's Jefferson County on Tuesday hired outside bankruptcy lawyers ahead of a critical decision on its debt that could result in what would be the largest municipal bankruptcy in U.S. history.

The hiring of Klee, Tuchin, Bogdanoff & Stern, LLP, the law firm that helped Orange County, California, through its landmark bankruptcy in 1994, appears to signal that bankruptcy has moved sharply up the agenda for Jefferson County."

Read more here.