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State had to act to spare Harrisburg
A better strategy, in fact “the only option” in Koplinski's mind, was to file for Chapter 9 bankruptcy protection, which he and three other members of council voted to do last week. The idea, according to financial analysts, is to shield the city from
Updated: 10/23/2011 12:22A
John Forester: Harrisburg saga exposes crisis
First, the City of Harrisburg, unable to agree upon a way to restructure its finances, became the first municipality in the state to file for bankruptcy in federal court. To prevent Harrisburg's troubles from becoming a federal matter, the state sprung
Updated: 10/23/2011 12:08A
Navigating bankruptcy takes a plan
Stressful economic periods lead to stressful family finances, which in turn can lead to bankruptcy filings. Bankruptcy is not a panacea to lift up all your financial troubles. But in case it turns out to be the only answer, you should have a full
Updated: 10/23/2011 12:03A
Mexico Farms LLC fights state decision
Mexico Farms has also filed for bankruptcy protection in US Bankruptcy Court for the District of Maryland Greenbelt Division. The company wants to reorganize under Chapter 11. MDE attorneys have said they are not authorized to comment on the cases to
Updated: 10/22/2011 10:45P
Curious cash shifting, hefty pay outlined in Prium report for court
The Puyallup company's attempt to collect a $6 million judgment sent Price and Um into bankruptcy court, where Soundbuilt has raised alarms about the men's business practices for more than a year. But two days before the accountant's report,
Updated: 10/22/2011 10:04P
Southern Montana Electric files for bankruptcy protection
Southern Montana Electric Generation and Transmission identified 20 of its largest creditors with unsecured claims in a bankruptcy filing on Friday. The amount owed to the creditors is about $19.5 milion. Power purchases — PPL EnergyPlus, LLC,
Updated: 10/22/2011 09:48P
Southern Montana Electric files for bankruptcy
Southern Montana Electric Generation and Transmission identified 20 of its largest creditors with unsecured claims in a bankruptcy filing on Friday. The amount owed to the creditors is about $19.5 milion. Power purchases — PPL EnergyPlus, LLC,
Updated: 10/22/2011 09:48P
Great Falls officials respond to SME bankruptcy decision
A decision by Southern Montana Electric to declare bankruptcy is being called illegal and improper by some cooperative members. The decision was made Friday during a tense board meeting. Three board members left because the board would not recognize a
Updated: 10/22/2011 09:15P
Southern Montana Electric files Chapter 11 bankruptcy citing 'cash-flow crisis'
On Saturday morning, Doak said he had no comment on the bankruptcy filing. The filing says the financial troubles are "caused by issues with its power supply obligation, issues with payment and adjustment of its rates opposed by some of its members,
Updated: 10/22/2011 08:34P
Southern Montana Electric Cooperative files for bankruptcy
Therefore, the decision the remaining board members made to have SME file for bankruptcy and raise its' rates 20 percent in addition to a 13 and a half percent increase earlier this year, is not valid. Holzer says he expects the Yellowstone Valley
Updated: 10/22/2011 08:10P
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