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Central Florida individuals and businesses that have filed for liquidation
One LLC, doing business as Wings-Pizza-N-Things, 2665 N. Atlantic Ave., Suite 332, Daytona Beach. Filed: Sept. 30. Assets: $19635. Liabilities: $218243. Major creditors: PMAT Bellair LLC, Metairie, La., $150000; Bank of America, Tampa, $22558;
Updated: 10/09/2011 07:59P
Area Friendly's not closing despite chain's Chapter 11 bankruptcy filing
Last week's Chapter 11 bankruptcy filing by Friendly Ice Cream appears to leave the family restaurant's local establishments open for now as the company shutters 63 sites along the East Coast. The Wilbraham, Mass.
Updated: 10/09/2011 07:59P
Lehman sues Goldman over failed $1.3 billion Rosslyn real estate deal
Lehman, which filed for the largest bankruptcy in US history in 2008, had received approval for the deal from bankruptcy court in August. But on Oct. 6 it sued Goldman for withdrawing from the agreement, saying in court filings that Goldman's
Updated: 10/09/2011 07:59P
Bankruptcy of Solyndra Negatively Impacts Roxbury
ROXBURY—The high-profile bankruptcy of a federally-supported solar energy company recently sent ripples through this small town, negatively impacting a pending energy reduction plan. Last month, voters approved having Roxbury enter
Updated: 10/09/2011 07:02P
Restaurant News Bites: Friendly's, KFC, Veggie Grill
This came last Tuesday night after an announcement that the chain is filing for bankruptcy. Laying off this many workers is usually illegal under Federal law, but Friendly's will get by because none of its locations employed more than 50 people in one
Updated: 10/09/2011 06:35P
When A Country Defaults, Who Comes Knocking?
In the end, there's you might declare bankruptcy and start again. That's how it works for a person up to his eyeballs in debt, but how does it work for an entire country? Harvard economist Ken Rogoff says that it's not unusual for countries to go into
Updated: 10/09/2011 06:23P
Washington area bankruptcy filings for Oct. 10
Under Chapter 11 of the federal bankruptcy code, a company is protected from claims by creditors while it attempts to reorganize its finances under a plan approved by the court. In a Chapter 7 liquidation, a court trustee sells assets to pay creditors'
Updated: 10/09/2011 05:49P
Long road ahead for Storytelling Festival
The International Storytelling Center filed for bankruptcy protection back in January. A drop in attendance and revenue over the last few years led to that decision. The ISC now has until the end of the year to come up with a plan to emerge from
Updated: 10/09/2011 05:27P
More Solar Embarrassment Ahead For The Obama Administration?
Its bankruptcy has placed the American taxpayer on the line for the $535 million loan guarantee made by the Department of Energy. The loans were to be used to commercialize Solyndra's innovative cylindrical CIGS (Copper-Indium-Gallium-(di)Selenide)
Updated: 10/09/2011 05:25P
BOB BLALOCK: Jefferson County's shadow threatens home rule
With home rule, they argue, the County Commission would have passed all kinds of taxes and fees to bail itself out. After Wednesday's meeting, Brooks told the Advertiser he has "grave concerns" about expanding local governments' taxing powers.
Updated: 10/09/2011 05:09P
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