The Broke and the Beautiful: Assante Edition

This week on The Broke and the Beautiful, Armand Assante says he’s the face of predatory lending, a trustee wants to dismiss Dionne Warwick’s debts, and the Trenton Titans hockey team files for bankruptcy.

Armand Assante attends Kazakhstan Fashion Week in October 2010.

Reuters

We noted earlier this month that Armand Assante was trying to save his house in Hamptonburgh, N.Y. And as Bankruptcy Beat reported this week, the “Gotti” actor says he’s the face of predatory lending. Now, Mr. Assante’s lawyers are trying to get a judge to reconsider her 2011 decision to let a bank foreclose on the 7,000-square-foot house. Mr. Assante says his mortgage lender, Eastern Savings Bank, fraudulently gave him a high interest rate and always planned to foreclose on the house. Mr. Assante then hired former Federal Bureau of Investigation agents and fraud experts to dig up dirt. Investigators later found that Eastern never proved the original mortgage was signed by Mr. Assante. Eastern declined to comment to Bankruptcy Beat.

Dionne Warwick arrives at the 56th annual Grammy Awards at Staples Center on Jan. 26 in Los Angeles.

Jordan Strauss/Invision/Associated Press

The moment Dionne Warwick woke up on Wednesday, she may have said a little prayer to the bankruptcy court. That’s because earlier this week, Ms. Warwick’s bankruptcy trustee sought to have $10.7 million of the singer’s debts dismissed, TMZ reported. A meeting set for next month will discuss the matter. Ms. Warwick filed for Chapter 7 bankruptcy last March with reported assets of $25,500, including two fur coats and diamond earrings.

The Trenton Titans hockey team probably has the goal of wrapping up its bankruptcy as soon as possible. According to the Trentonian, operator Blue Line Sports LLC filed for Chapter 7 bankruptcy earlier this month in the Trenton, N.J., bankruptcy court with zero reported assets and close to $500,000 in debts. Much of the debt consists of claims from season-ticket holders, who are owed refunds after the Titans said they wouldn’t operate for the 2013-2014 hockey season.

Write to Melanie Cohen at melanie.cohen@wsj.com. Follow her on Twitter at @MelanieLisa.

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