BUSINESS
By Liz F. Kay | July 19, 2011
Liquidation of some of the 399 Borders stores could begin as soon as Friday , the company has announced, pending court approval at a hearing tomorrow. The book and music chain operates large stores in Timonium, Columbia and Annapolis, as well as smaller mall stores in White Marsh, Columbia, Westminster and BWI Marshall Airport. Nationwide, there are 10,700 employees who will be dealing with this closure, not to mention the book lovers who liked to browse the shelves.
BUSINESS
By Steve Kilar and The Baltimore Sun | March 4, 2013
The bankruptcy of the development company behind the Westport Waterfront project can move forward as a Chapter 11 reorganization. Inner Harbor West LLC, one of the companies that developer Patrick Turner formed as part of his planned revitalization of roughly 43 acres in southwest Baltimore, sought Chapter 11 status shortly after an involuntary Chapter 7 petition was filed against the company by two creditors. U.S. Bankruptcy Judge Robert A. Gordon's order allowing the conversion from Chapter 7 to Chapter 11 was entered Monday.
SPORTS
By Jean Marbella and Gus G. Sentementes, The Baltimore Sun | June 6, 2012
It might have been trash-talking, but Jamal Lewis made good on his promise. The young Baltimore Raven broke the single-day rushing record by running for 295 yards in the 2003 home opener at the stadium newly rechristened for the company that had bought the naming rights, M&T Bank. Today, though, the now retired Lewis and M&T are linked in court rather than on the field. Lewis filed for bankruptcy in Georgia in April, listing $14.5 million in assets and $10.6 million in debts — among them, a more than $350,000 judgment on a defaulted loan from the bank whose name hangs over the Ravens' stadium.
BUSINESS
By Hanah Cho | December 5, 2009
The developer of the Yorkway housing development in Dundalk filed for personal bankruptcy this week, but Baltimore County doesn't expect the move to affect the much-anticipated community, which broke ground in September. John F. Vontran and his wife, Kelly A. Vontran, of Perry Hall, filed for Chapter 11 bankruptcy protection on Tuesday and list nearly $10 million in liabilities, which include personal and business-related loans. Creditors include the Patapsco Bank for a $3.3 million obligation related to a business operation and bakery magnate and Inner Harbor East developer John Paterakis for $1 million, also a business-related loan listed as disputed, according to documents filed with the federal bankruptcy court in Maryland.
BUSINESS
December 17, 2009
CHICAGO - Mall operator General Growth Properties Inc. said a bankruptcy court has approved its plan to restructure $10.25 billion in debt related to 103 properties as part of its effort to emerge from Chapter 11 bankruptcy protection. General Growth, which owns many of the Baltimore region's malls and is based in Chicago, filed the largest U.S. real estate bankruptcy case in history in April. Under the reorganization plan, the approval of which was announced Tuesday, 194 debtors owning 85 regional shopping centers, 15 office properties and three community centers will emerge from bankruptcy "as soon as practible."
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.