Shackled kids’ dad fought to keep muscle car in bankruptcy

The cruel California couple accused of imprisoning and starving their 13 children were dogged by years of debt — but that didn’t stop the dad from clinging to his brand-new muscle car when the couple filed for bankruptcy in 2011. David and Lousie Turpin, who are accused of chaining

Peter Thiel is trying to acquire what’s left of Gawker

Peter Thiel has made an offer for Gawker, hoping to overcome legal hurdles and rival bidders for the online news site the Silicon Valley billionaire helped shutter by funding litigation against it, people familiar with the matter said on Thursday. Gawker, which has been inactive for more than a

Peter Thiel is trying to acquire what’s left of Gawker

Peter Thiel has made an offer for Gawker, hoping to overcome legal hurdles and rival bidders for the online news site the Silicon Valley billionaire helped shutter by funding litigation against it, people familiar with the matter said on Thursday. Gawker, which has been inactive for more than a

Art dealer accused of stealing from clients hit with more charges

The art dealer accused of stealing $10 million worth of clients’ art has been brought up on federal charges for allegedly cheating six people out of nearly $4 million in shady art deals.  see also Ezra Chowaiki — an ice-cream salesman turned gallerist — used his Park Avenue establishment Chowaiki

Cumulus Media petitions to lower debt in bankruptcy filing

Cumulus Media filed a pre-pack Chapter 11 petition that aims to reduce its debt load by $1 billion. The company, whose 446 radio stations across 90 markets make it the No. 2 player in the sector, has already reached a restructuring agreement with lenders holding about 70 percent of

Peter Thiel may be looking to buy Gawker

Venture capitalist Peter Thiel may be looking to buy online news site Gawker.com, BuzzFeed said Wednesday. Thiel’s lawyers have objected to the currently ongoing sale process of Gawker.com, saying that he has been prohibited unreasonably from bidding for the website’s assets, the internet media company reported, citing a federal

Plus-size retailer goes bankrupt after expanding too fast

Plus-size retailer Fashion to Figure has succumbed to bankruptcy, The Post has learned. After disclosing plans to shrink its chain after it fell behind on rent payments and other bills, as reported by The Post last month, the struggling mall-based retailer filed for Chapter 11 on Monday in Newark, NJ. “We rolled

Calypso St. Barth’s skirts on paying bills amid major cash crunch

A chain of swanky fashion boutiques that counts Gwyneth Paltrow and Cameron Diaz as clients is having trouble keeping the lights on — literally. Calypso St. Barth — whose tropical-themed togs include $95 T-shirts and $165 swimsuits — has been skimping on paying its clothing suppliers, employees and even its overdue

Plus-size retailer goes bankrupt after expanding too fast

Plus-size retailer Fashion to Figure has succumbed to bankruptcy, The Post has learned. After disclosing plans to shrink its chain after it fell behind on rent payments and other bills, as reported by The Post last month, the struggling mall-based retailer filed for Chapter 11 on Monday in Newark,

Plus-size retailer goes bankrupt after expanding too fast

Plus-size retailer Fashion to Figure has succumbed to bankruptcy, The Post has learned. After disclosing plans to shrink its chain after it fell behind on rent payments and other bills, as reported by The Post last month, the struggling mall-based retailer filed for Chapter 11 on Monday in Newark, NJ. “We rolled

Calypso St. Barth’s skirts on paying bills amid major cash crunch

A chain of swanky fashion boutiques that counts Gwyneth Paltrow and Cameron Diaz as clients is having trouble keeping the lights on — literally. Calypso St. Barth — whose tropical-themed togs include $95 T-shirts and $165 swimsuits — has been skimping on paying its clothing suppliers, employees and even

Bikram Yoga files for bankruptcy after sex harassment lawsuits

Bikram Yoga has collapsed in the heat — from a slew of sex-harassment suits, that is. The Calif.-based yoga chain — famous for its “hot yoga” studios that crank the thermostat above 100 degrees before class — filed for Chapter 11 bankruptcy this week, blaming more than $16 million

Hedge fund mulls throwing Weinstein Co. a $35M lifeline

The Weinstein Co. may soon be turning the page to Chapter 11. Sources close to the embattled Hollywood studio co-founded by Harvey Weinstein said Thursday that a deep-pocketed hedge fund will decide early next week whether to throw it a lifeline — or possibly let it file for bankruptcy. In

Calypso St. Barth faces vendor petitions in bankruptcy court

The once-hot resort-wear retailer, Calypso St. Barth, is headed to a decidedly unfashionable destination: bankruptcy court. About a half-dozen vendors on Wednesday filed an involuntary Chapter 7 petition against the private equity-owned chain, claiming the chain hasn’t paid some bills in a year — and that it was stonewalling them when

Catsimatidis considers buying embattled rival grocery chain

John Catsimatidis is still carrying a torch for rival grocer Fairway Market, The Post has learned. Catsimatidis, who owns Gristedes supermarkets, has had recent informal discussions with Fairway owner GSO Capital Partners about buying the embattled chain, he told The Post. The 69-year-old exec cautioned that any type of deal is not

Debt factor at play in Toys ‘R’ Us demise

Maybe it really was the debt. When Toys ‘R’ Us filed for Chapter 11 reorganization this month, many gave equal weight for the chain’s woes to Amazon — saying the e-commerce giant stole away too many customers from the brick-and-mortar chain — and the bankrupt retailer’s debt load. But a recent report

Toys “R’ Us officially files for bankruptcy

see also Toys “R” Us filed for bankruptcy on Monday, becoming the latest victim in a retail industry rocked by online shopping and discount chains. The Chapter 11 filing is among the largest ever by a specialty retailer and casts doubt on the future of the company’s approximately 1,600 stores and 64,000

Toys “R’ Us may be inching closer to bankruptcy

Toys ‘R’ Us Inc could file for bankruptcy in the coming weeks as pressure from skittish suppliers intensifies, the Wall Street Journal reported (paywall) on Friday, citing people familiar with the matter. see also The company and its restructuring advisers are considering filing for Chapter 11 protection in the U.S. Bankruptcy Court

Warren Buffett loses bidding war for Texas utility

Warren Buffett just got an unpleasant jolt — losing a multibillion bid to scoop up a bankrupt Texas energy giant. In a surprise turn of events, the folksy billionaire’s $9 billion bid for Dallas-based utility Oncor was trumped by a $9.45 billion offer from Sempra Energy, a San Diego, Calif.-based natural

Change in tune from iHeartMedia creditor

The biggest creditor of iHeartMedia is close to blinking in its nearly six-month stare-down with America’s largest owner of radio stations, The Post has learned. Mutual fund Franklin Resources is working with investment bank PJT Partners on a restructuring plan that could save iHeart from bankruptcy — although it may ask

Lead tycoon Howard Meyers nowhere near settling dispute

Howard Meyers, the lead tycoon accused of bilking his creditors out of $2 billion, is having no luck settling the dispute. Meyers-controlled EB Holdings II said it made a sweetened $735.9 million cash settlement offer last month to the creditors — including New York hedge fund GoldenTree Asset Management — but

Judge weighing lead tycoon Howard Meyers’ fate

Lawyers for lead tycoon Howard Meyers appeared in Nevada bankruptcy court on Thursday to ask a judge to dismiss an involuntary Chapter 11 petition brought against his company, EB Holdings II, by a group of creditors. After a lengthy hearing, Judge Mike Nakagawa reserved judgment, sources said. A decision could come in

NYU donor used his companies as a “personal piggy bank’: suit

Wealthy lead tycoon Howard Meyers, a large NYU benefactor, is facing a nasty bankruptcy court battle on Thursday against creditors who claim he defaulted on more than $2 billion in debt — while using proceeds of the corporate loans over the past decade for his personal gain. The creditors, in a

Popular bridal chain suddenly shuts down — and brides panic

This would turn any bride into a bridezilla. Dozens of frantic New York bridesmaids were left scrambling after a Florida-based bridal chain declared bankruptcy Friday. Alfred Angelo Bridal, which has 60 stores and 1,400 authorized retailers across the United States, suddenly shuttered without warning as it entered Chapter 7 bankruptcy. The abrupt closure

True Religion files for bankruptcy

True Religion Brand Jeans, burdened by an expensive pile of debt, on Monday filed a pre-pack Chapter 11 petition that will hand control of the Los Angeles company over to creditors. Under a deal with lenders, TowerBrook Capital Partners, the New York private equity firm that owns the denim company, will

New owner takes Gracious Home out of bankruptcy

Gracious Home has a new lease on life. The twice-bankrupt home goods retailer has emerged from its latest trip through Chapter 11 with plans to become the Warby Parker of bed linens and lighting — that is, to use its brick and mortar locations solely for showrooming its products. The once hot

Ex-NFL star was ready to murder “the men who stole my money’

It took years into retirement for Clinton Portis to realize how little control he had over the millions he made from football. That is what made the betrayal of his financial advisers so unbearable. In 2013, retired and falling deeper into debt with each failed investment and unknown withdrawal, Portis turned

Gymboree’s lenders working on comeback strategy for retailer

Gymboree’s lenders are working on a fast-paced comeback strategy for the bankrupt kids’ clothing retailer, The Post has learned. Bondholders Brigade Capital, Oppenheimer and Searchlight Capital have already begun to execute a detailed plan to turn around the 1,300-store chain retailer, which filed for Chapter 11 earlier this month, according to

Gymboree’s lenders working on comeback strategy for retailer

Gymboree’s lenders are working on a fast-paced comeback strategy for the bankrupt kids’ clothing retailer, The Post has learned. Bondholders Brigade Capital, Oppenheimer and Searchlight Capital have already begun to execute a detailed plan to turn around the 1,300-store chain retailer, which filed for Chapter 11 earlier this month, according to