BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | April 14, 1994
The Society Hill hotel and restaurant in Mount Vernon will be auctioned April 29, two years after the owners of the elegantly restored 15-room inn stopped making payments on a mortgage from the pension fund for Baltimore's police and firefighters.The foreclosure had been delayed by a bankruptcy filing by Society Hill Associates L.P., the partnership that redeveloped the hotel and granted the mortgage lien to the pension fund in 1983.But last October, U.S. Bankruptcy Court Judge James F. Schneider agreed to lift the automatic stay that bars creditors from seizing assets of debtors in bankruptcy, allowing the foreclosure.
NEWS
By Andrea K. Walker, Paul Adams and Julie Scharper and Andrea K. Walker, Paul Adams and Julie Scharper,Sun Reporters | August 5, 2008
Regional department store chain Boscov's Inc. filed yesterday for Chapter 11 bankruptcy protection and said it would close 10 stores, including anchors in three of the Baltimore area's largest malls, as the company suffers from slumping sales amid the housing and credit crunch. Boscov's, based in Reading, Pa., will begin liquidation sales immediately and will close those "underperforming stores" when the entire inventory is sold, which officials estimate will take one to two months. About 1,400 employees, including about 400 in the Baltimore area, will lose their jobs.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,SUN REPORTER | November 9, 2007
Outdoors and military surplus store Sunny's Surplus is back in business less than a year after declaring bankruptcy for the second time in a decade - though on a much smaller scale. The retailer has opened three stores in Annapolis, Westminster and Frederick. It had 15 stores in January when it sought Chapter 11 bankruptcy protection. It closed all of the stores at the time. Michael Weinman, who was the majority stockholder of Sunny's parent company and a member of the founding family, created an entity called New Sunny's to buy the company's remaining assets after most of them were sold in going-out-of-business sales earlier this year.
NEWS
By Joe Burris and Joe Burris,joseph.burris@baltsun.com | December 7, 2008
Gary Rohrer hoisted the cherrywood end table from the showroom floor and turned it upside down. "There it is," he said to his wife Marjorie, pointing to the green Statton Furniture label imprinted underneath. For 82 years that label has been synonymous with high-end, high-quality traditional furniture. But soon it may mean high-end collectors' items. Statton, the Hagerstown company that has been owned by the same family for four generations, is going out of business. A company once as solid as the cherrywood its workers crafted into ornate furnishings, Statton has struggled to make sizable profits for years.
BUSINESS
April 16, 2010
Erickson Retirement Communities, the national chain of campus-style senior living facilities, emerged from bankruptcy Friday less than six months after filing the Chapter 11 case, attorneys said. Catonsville-based Erickson is being sold to Redwood Capital Investments LLC, a Baltimore-based investment firm, for $365 million. The sale — expected to close by the end of the month — and a post-bankruptcy reorganization plan have been approved by a federal bankruptcy court in Texas, attorneys for Erickson and affiliated debtors announced.
NEWS
November 16, 2004
Sanford "Sandy" Harris, a bankruptcy attorney and partner in a downtown Baltimore law firm, died of congestive heart failure Saturday at Gilchrist Center for Hospice Care. The Pikesville resident was 80. Born in Baltimore and raised on Mount Royal Terrace, he was a 1940 graduate of City College. His studies at the University of Maryland, College Park were interrupted by service in the Army Air Corps during World War II. After working briefly in retail, Mr. Harris earned his law degree in 1956 from the University of Baltimore and was elected to the school's Heuisler Honor Society.