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Green jobs are national scandal
It would be bad enough if this disaster were limited to possible criminality at Solyndra -- the California-based solar-panel maker that Obama stimulated with loan guarantees, despite repeated internal warnings. Solyndra's August 31 bankruptcy
Updated: 10/07/2011 01:23P
Sbarro, Inc. Files Amended Disclosure Statement and Chapter 11 Plan That
Converting up to $35 million of loans outstanding under Sbarro's DIP Facility into new first-out rollover term loans, which together with the new money term loans of up to $35 million will comprise the "First-Out Exit Term Loan Facilities" of the
Updated: 10/07/2011 01:14P
Medical Debt Bankruptcies on the Rise
According to a study conducted by credit counseling agency CredAbility, 20 percent of people receiving credit counseling — which is a prerequisite for filing for bankruptcy — cite medical bills as the reason that
Updated: 10/07/2011 01:12P
With Friendly's closings, groups worry about money owed
MERIDEN - With the announcement earlier this week that Friendly's has filed for Chapter 11 bankruptcy, local civic organizations are wondering if they'll receive promised money from fundraisers held earlier this year. Katrina S. Axelrod, co-founder of
Updated: 10/07/2011 01:01P
Hoboken University settles with creditors for $10M, sale moves forward
Yesterday, a judge approved of the settlement in US Bankruptcy Court in Newark, allowing the sale of the nonprofit hospital to for-profit HUMC Holdco LLC to go forward as planned, notes the HobokenPatch. The state health commissioner still has to sign
Updated: 10/07/2011 12:57P
Province heading towards bankruptcy?
We need someone now who can put a stop the obscene level of overspending and repair the fiscal damage McGuinty has done. Otherwise, the government of Ontario may be headed towards bankruptcy in the not too distant future.
Updated: 10/07/2011 12:44P
Sagamore Hotel owner enters Chapter 11
The owner of the Sagamore Hotel in Miami Beach has filed for Chapter 11 bankruptcy while in foreclosure. Sagamore Partners Ltd. declared between $10 million and $50 million in assets, and a similar range for debts. The company listed a $12.5 million
Updated: 10/07/2011 12:24P
Coal Miners Win a Meaningless Battle over Mountaintop Removal Mining (ACI, ANR
Coal company stock prices hit a five-year high in the summer of 2008, just before the Lehman Brothers bankruptcy sent the entire global economy into a tailspin. Five-year lows hit most companies before the end of that year and they have been making a
Updated: 10/07/2011 12:22P
Orval Kent, Chef Solutions file bankruptcy
Meal preparer Orval Kent Food Co. and parent Chef Solutions Inc. filed for Chapter 11 bankruptcy protection Tuesday with a plan to sell their assets, according to the Wall Street Journal. The companies reported assets and debt between $100 million and
Updated: 10/07/2011 12:22P
Worcester feels impact from Friendly's closure
The Friendly's Restaurant chain filed for Chapter 11 bankruptcy on Wednesday. News spread fast on that the popular, 76-year-old restaurant chain was closing 63 of its 500 stores across the country, including 30 in Mass. Some were shocked to see their
Updated: 10/07/2011 12:18P
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