Liquidation

Forest man files $7M bankruptcy; Resort not involved, lawyer says - WSLS.com

05/31/12

The one-time president of the Mariners Landing resort at Smith Mountain Lake has filed for personal bankruptcy, saying he is unable to pay debts totaling more than $7.3 million. Matthew P. White of Forest filed for straight bankruptcy on May 21.

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Forest man files $7M bankruptcy; Resort not involved, lawyer says - Lynchburg News and Advance

05/31/12

The one-time president of the Mariners Landing resort at Smith Mountain Lake has filed for personal bankruptcy, saying he is unable to pay debts totaling more than $7.3 million. Matthew P. White of Forest filed for straight bankruptcy on May 21.

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Bankruptcy reorganization for Colonial Country could be approved on July 11 - nola.com

05/31/12

Colonial filed for Chapter 11 bankruptcy protection to stop foreclosure proceedings. The club had received a $4.5 million loan in 2007, to pay off escalating debt, from Louis Lauricella's Colonial Finance LLC. The debt has now reached $7.8 ...

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Trucking company of ex-mayor of Springfield files for bankruptcy - KYTV

05/31/12

O'Neal abruptly resigned with a year left on his term as mayor on May 7 because he said he needed to devote more attention to his company. The bankruptcy filing says the company's board of directors met on May 19 and authorized the bankruptcy filing.

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RG Steel files for bankruptcy protection - CNBC

05/31/12

and $15.7 million by Ballie Steel PLC of London ... Former Chief Financial Officer Richard Caruso said in a bankruptcy affidavit that RG Steel has not received a lead, or "stalking horse," bid for its assets but is confident it can negotiate a sale ...

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The Daily Docket: RG Steel Enters Bankruptcy

05/31/12

RG Steel LLC filed for Chapter 11 bankruptcy protection Thursday, days after admitting it was “confronted with an immediate, unexpected liquidity crisis.” Read the Daily Bankruptcy Review article here.

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Analysis: Dewey's bankruptcy: Let the rumble begin - Reuters

05/30/12

Until fairly recently, liquidations like Dewey's usually were pursued under Chapter 7 of the bankruptcy code. Chapter 7 puts a debtor's estate under the control of a trustee tasked with selling assets quickly and using the proceeds to pay off creditors.

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Dewey's bankruptcy: Let the rumble begin - Reuters

05/30/12

Until fairly recently, liquidations like Dewey's usually were pursued under Chapter 7 of the bankruptcy code. Chapter 7 puts a debtor's estate under the control of a trustee tasked with selling assets quickly and using the proceeds to pay off creditors.

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Dewey's bankruptcy: Let the rumble begin - MSN Money

05/30/12

Until fairly recently, liquidations like Dewey's usually were pursued under Chapter 7 of the bankruptcy code. Chapter 7 puts a debtor's estate under the control of a trustee tasked with selling assets quickly and using the proceeds to pay off creditors.

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Memphis Councilwoman Fullilove files bankruptcy - Memphis Commercial Appeal

05/30/12

Memphis City Council member Janis Fullilove filed a Chapter 7 bankruptcy petition this week, listing assets of $98,750 and liabilities of $104,338. The councilwoman said mounting bills from her husband's heart condition combined with plus legal ...

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