Blog Posts in December, 2010

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School District May Head to Bankruptcy

The Natomas school district in Sacramento may be headed toward bankruptcy as they have about $8.9 million in debt. The district already asked teachers to take a 7.9 percent pay cut, but they only ...

Herbst Gaming to Exit Bankruptcy

Herbst Gaming in the Las Vegas area is reportedly expected to exit bankruptcy by the end of the year. The new management and owners of the company plan to focus on operating the casino company and ...

Louisville Orchestra May File for Bankruptcy

The Louisville, Kentucky Orchestra may be headed for a bankruptcy filing depending on the situation. As of now, it is unclear whether musicians will be paid in this matter. If the bills cannot be paid ...

City to Vote on Bankruptcy Plan

The California city of Vallejo is reportedly voting on a plan to emerge from bankruptcy that will involve a five-year-plan. The city is reportedly voting on a plan that will cut spending, increase ...

Home Builder Files for Bankruptcy

A home builder in the Needham, Massachusetts area has filed for Chapter 7 bankruptcy. Hasenfus Builders Inc. has reportedly filed and listed assets at $910,750 and liabilities at $1.12 million. Much ...

Homebuilder Fails Finish, Files for Bankruptcy

Oradell couple Bert and Bertina Tallaksen, owners of Tally's Construction Company Incorporated in Tenafly, while being scrutinized for incomplete home renovations, filed for bankruptcy on December 20, ...

Celebrate/Legends LLC Files for Bankruptcy

Celebrate/Legends LLC, which is controlled by Vegas executive John Stuart, has filed for Chapter 7 bankruptcy protection. The company's business Legends Ranch Estates reportedly had plans to be 30 ...

Amusement Park Operator Files Chapter 11

A San Diego amusement park operator has reportedly filed for Chapter 11 bankruptcy. According to reports, Wave House was forced to file bankruptcy due to a recent rent escalation. Now, the court will ...

Florida Synagogue Trying to Resolve Bankruptcy

A synagogue in Florida may soon be able to resolve its bankruptcy matter. The Chabad-Lubavitch Boynton congregation has reportedly resolved an important loan dispute that will help with its ...

Indian National Finals Rodeo Files for Bankruptcy

The Indian National Finals Rodeo in the Las Vegas area has reportedly filed for Chapter 11 bankruptcy protection. The company reportedly listed debt at less than $500,000, but further details about ...

Oregon Coachways Files for Chapter 11

Oregon Coachways has been placed into Chapter 11 bankruptcy. Now, the court-appointed trustee has signed a letter of intent to sell the company to an unnamed national transportation management ...

Martial Arts Organization Files for Bankruptcy

A martial arts organization in the Tarzana, California area has reportedly filed for Chapter 11 bankruptcy. The company has allegedly reported assets of $100,000 to $500,000 while debt is in the range ...

Company Files Petition for Involuntary Bankruptcy

Four Vitro creditors have reportedly filed a petition for involuntary bankruptcy against 15 of the company's subsidiaries. The noteholders reportedly own about $75 million of the company's debt. There ...

Salem Church Files for Bankruptcy Protection

The Greater Salem Church in North Carolina has reportedly field for Chapter 11 bankruptcy protection. According to reports, the filing took place after its properties were auctioned off in a ...

Vegas Strip Landowner has Bankruptcy Plan Approved

A judge has approved the bankruptcy plan of a Las Vegas Strip landowner in order for them to emerge from bankruptcy. According to reports, the bankruptcy reorganization plan will involve more than ...

Chemical Company Emerging from Bankruptcy

Tronox Inc. is reportedly ready to emerge from bankruptcy after having filed almost two years ago. The company based in Oklahoma City has reportedly reorganized and has finally had their plan ...

Resort Owner Files for Bankruptcy

The owner of the Westin Hilton Head Island Resort in South Carolina has reportedly filed for bankruptcy protection. According to reports, the owner listed assets at $10 million to $50 million and debt ...

Local Insight Media Holdings Inc. Files for Bankruptcy

The directories firm Local Insight Media Holdings Inc. has reportedly filed for bankruptcy. The company reportedly listed both assets and liabilities at somewhere between $500 million and $1 billion. ...

Acorn Files for Bankruptcy

The community organizing group, Acorn, has reportedly filed Chapter 7 bankruptcy. The company has had a difficult two years in business as it has faced numerous attacks and made its own mistakes. ...

An Amish Bankruptcy Shuns Court

The Columbus Dispatch has reported that an Amish community has asked a U.S. Bankruptcy Court judge to dismiss a case, involving $17 million from the Plain Community, so that they can handle it ...

Charlie Brown’s Steakhouse Filing for Bankruptcy

Charlie Brown's Steakhouse has reportedly filed for Chapter 11 bankruptcy as it plans to sell its remaining restaurants. The company cites debt and the slow economy as reasons for the bankruptcy ...

Gulfstream International Files for Bankruptcy

Gulfstream International Group and Gulfstream International Airlines have reportedly filed for Chapter 11 bankruptcy protection. At this time, airline service will be uninterrupted and all flights and ...

Yellowstone Club’s Bankruptcy Plan Overturned

Yellowstone Club's bankruptcy reorganization plan has reportedly been overturned by a judge. According to reports, this has occurred because the ski resort settled a lawsuit without giving creditors a ...

OC&W Files for Bankruptcy

Oregon Coachways Inc., OC&W, has reportedly filed for Chapter 11 bankruptcy. According to reports, the company plans to sell to an unnamed national transportation management company. The company ...

Sea Island Bankruptcy Plan Under Consideration

A federal judge is reportedly considering Sea Island Co.'s bankruptcy plan that includes selling its resorts, golf courses and other assets for about $212.4 million. The judge may approve the resort ...
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