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Hillsboro hospital operator files for bankruptcy
Chapter 11 bankruptcy allows a business to continue operating while it attempts to restructure its debt and payment obligations to creditors. “The strategic decision to pursue a financial restructuring through Chapter 11 will now allow us to protect
Updated: 10/12/2011 06:55P
Settlement proposed in W. Pa. beverage bankruptcy
AP PITTSBURGH — The trustee in the LeNature's Inc. bankruptcy case has reached a tentative $50 million settlement with a bank and one of the company's auditors. The Pittsburgh Tribune-Review ( http://bit.ly/nDeLV7) reports that the settlement was filed
Updated: 10/12/2011 06:52P
Los Angeles Dodgers Ordered to Return Papers MLB Monitor Left at Stadium
The Los Angeles Dodgers were ordered by a bankruptcy judge to return papers left behind when the team expelled a monitor installed by Major League Baseball. US Bankruptcy Judge Kevin Gross today told the
Updated: 10/12/2011 06:52P
Thompson, Piccola call bankruptcy filing 'illegal'
Senator Jeff Piccola (R-Dauphin/York) has been pushing for state intervention and called Council's bankruptcy filing "illegal" and a waste of time and money, and . "It's illegal under Pennsylvania law which prohibits third class cities from filing for
Updated: 10/12/2011 06:51P
Pennsylvania capital bankrupted
The US city of Harrisburg - capital of the state of Pennsylvania - has filed for bankruptcy, making it the first state capital to do so. Harrisburg faces debts of $300m (£190m) and has struggled to pay for services. The move comes as the state
Updated: 10/12/2011 06:41P
Mayor Linda Thompson Weighs in On City Council's Filing For Bankruptcy
Saying only she and the city solicitor can file for bankruptcy, and that council's actions were illegal. " It`s all smoke and mirrors and another way to distract and deflect. Let`s stay with the issues. Procedural defects in their actions last night,"
Updated: 10/12/2011 06:41P
Harrisburg Bankruptcy Filing Proves Controversial, May Be Dismissed
Filing for Chapter 9 bankruptcy will cut state aid under a law passed in June. Councilwoman Susan Brown-Wilson, however, feels it would be better than attempting a state-imposed recovery plan. "We're not incompetent," Brown-Wilson told Bloomberg News
Updated: 10/12/2011 06:41P
Pennsylvania capital Harrisburg files for bankruptcy
The US city of Harrisburg - capital of the state of Pennsylvania - has filed for bankruptcy, making it the first state capital to do so. Harrisburg faces debts of $300m (£190m) and has struggled to pay for services. The move comes as the state
Updated: 10/12/2011 06:40P
Harrisburg bankruptcy sets up fight with state
Harrisburg's city council approved the bankruptcy filing in a 4-3 vote. It was opposed by Mayor Linda Thompson, who in a news conference on Wednesday challenged the legality of the city council's vote. Under city law, the mayor and the city solicitor
Updated: 10/12/2011 06:38P
WBOC-TV 16, Delmarvas News Leader, FOX 21 - Debt-crippled Pa. capital files
At a news conference, Thompson said she was hiring a law firm to challenge the bankruptcy filing, which she called a "sneak attack" by council members. "I'm ashamed of the behavior, the road jams, the road blocks, the dishonest statements that keep
Updated: 10/12/2011 06:33P
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