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By Alec Matthew Klein and Alec Matthew Klein,SUN STAFF Sun staff writers Joan Jacobson and Michael Ollove contributed to this article | November 20, 1995
In an alleged check-kiting scheme involving more than $1 million, Farm Fresh Supermarkets of Maryland Inc. has lost its line of credit, been forced into U.S. Bankruptcy Court by creditors and lost control of the 10-store chain to a court-appointed trustee, according to court documents obtained yesterday by The Sun.The grocery retailer plunged into turmoil when "senior management" at Farm Fresh "resigned after a check-kiting scheme was discovered that resulted...
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BUSINESS
By Arthur Hirsch, The Baltimore Sun | September 8, 2014
Developer Patrick Turner again put off possible foreclosure on the South Baltimore waterfront he wants to redevelop as the parties agreed Monday in backruptcy court to an Oct. 24 hearing on all matters in the case. The delay gives Turner's Inner Harbor West LLC another month or so to attempt to come to terms with creditor Westport Property Investments LLC, which had asked the court to lift the automatic stay triggered by the bankruptcy that blocks foreclosure. If Turner and his creditors don't reach agreement before then, Judge Robert A. Gordon could be asked to decide the fate of Turner's aspiration to turn 43 acres on the Patapsco River into a project including homes, stores, hotels, a high-rise building and a park.
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BUSINESS
By Ellen James Martin and Ellen James Martin,Staff Writer | July 14, 1993
The auction of The Colonnade, home to one of Baltimore's fanciest luxury hotels and the Polo Grill restaurant, was halted at the last minute yesterday after three creditors sought to force the partnership that owns the upscale development into bankruptcy.The involuntary bankruptcy petition, filed in federal court in Baltimore, was a surprise move on the part of the creditors, who claimed they were owed a total of nearly $4 million.The step came just hours before the property was to be auctioned off because of the partnership's default on a $22 million construction loan to the Marine Midland Realty Credit Corp.
BUSINESS
By Natalie Sherman | March 21, 2014
Developer Patrick Turner got more time to find an investor for his ambitious Westport waterfront project after a creditor filed an involuntary bankruptcy petition Friday against a company that owns part of the property, blocking a scheduled foreclosure auction at the last minute. It is the second time an involuntary bankruptcy suit stopped an auction of Turner's Westport land, which was used to secure a $30 million loan to his development team in 2007 from Citigroup Global Markets Realty Corp.
NEWS
BY A SUN STAFF WRITER | March 2, 1999
A 10-year-old Laurel orphan who filed for bankruptcy in August to keep a mortgage company from foreclosing on his home has had his Chapter 11 petition dismissed after receiving assurances that he can remain in the home he shares with his brother and an uncle.A judge in Greenbelt dismissed the case last week at the request of the lawyer for Shawn Powell."At this point, it really doesn't serve any purpose," the lawyer, Brett Weiss of Olney in Montgomery County, said of the bankruptcy petition.
BUSINESS
By Steve Kilar, The Baltimore Sun | February 20, 2013
The company affiliated with developer Patrick Turner that was planning to redevelop the waterfront of the Westport neighborhood in southwest Baltimore has filed for bankruptcy. Inner Harbor West LLC, the subject of a Chapter 7 involuntary bankruptcy petition filed by two creditors earlier this month, has asked a federal judge to convert the case to a Chapter 11 bankruptcy, according to documents filed Tuesday in Maryland's bankruptcy court. If the change is allowed, Inner Harbor West LLC could reorganize with trustee oversight and develop a plan to repay creditors.
NEWS
By Consella A. Lee and Consella A. Lee,Sun Staff Writer | March 20, 1994
Marley Neck Industrial Park, which owes more than $20 million to its creditors, won approval Friday for an interim spending plan from a U.S. Bankruptcy Court judge in Baltimore.Income will be divided between the park and its chief creditor, Barclays Bank PLC, on a monthly basis, according to a motion filed by the bank and by the owner of the Curtis Bay office-warehouse industrial park.The park filed a bankruptcy petition under Chapter 11, allowing reorganization and payment of debts, on Wednesday.
BUSINESS
By Steve Kilar and The Baltimore Sun | February 11, 2013
The foreclosure auction of a 43-acre plot of waterfront land in Westport that was scheduled for Thursday has been canceled because an involuntary bankruptcy petition has been filed against the land's corporate owner, according to the auctioneer. Inner Harbor West LLC, a company affiliated with developer Patrick Turner, owes a construction firm and a land consulting company more than $200,000, according to the petition, filed last week by the consultant and builder. The auction had to be canceled because of the petition, said Andrew L. Billig, a member of the auction house A.J. Billig and Co. The land's trustees will have to convince the bankruptcy judge that the sale should proceed, he said.
NEWS
By Eric Siegel and Eric Siegel,SUN STAFF | February 16, 2005
A nonprofit corporation headed by an East Baltimore bishop filed a bankruptcy petition yesterday, halting the scheduled foreclosure sale of a low-income apartment building it owns moments before the auction was to begin. The auction of the 102-unit Berea Apostolic Apartments in Berea, sought by the U.S. Department of Housing and Urban Development because of the owner's failure to maintain adequate funds to make needed repairs on the federally subsidized property, had drawn 18 bidders to the steps of the Clarence M. Mitchell Jr. Courthouse downtown, 11 of them from out of state.
NEWS
By Alan J. Craver and Alan J. Craver,Staff writer | August 4, 1991
Once one of Harford's leading commercial developers, Steven R. Hankins is trying to put the brakes on his financial slide, filing for protection from his creditors under federal bankruptcy laws.Hankins and his wife, Susan, owe more than $29 million to 118 creditors, according to documents the Bel Air couple filed on July 18 in U.S. Bankruptcy Court in Baltimore.The Hankins couple say they have $18,350,623 in secured claims and $10,747,525 in unsecured claims, the documents say.Secured claims are those which are backed by property or other collateral, while unsecured claims have no such specific collateral.
BUSINESS
By Steve Kilar, The Baltimore Sun | February 20, 2013
The company affiliated with developer Patrick Turner that was planning to redevelop the waterfront of the Westport neighborhood in southwest Baltimore has filed for bankruptcy. Inner Harbor West LLC, the subject of a Chapter 7 involuntary bankruptcy petition filed by two creditors earlier this month, has asked a federal judge to convert the case to a Chapter 11 bankruptcy, according to documents filed Tuesday in Maryland's bankruptcy court. If the change is allowed, Inner Harbor West LLC could reorganize with trustee oversight and develop a plan to repay creditors.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | February 20, 2013
Several creditors of Commerce Corp. filed an involuntary bankruptcy petition against the Maryland-based distributor of lawn and garden supplies. In the petition filed last week, five creditors claim they are owed a combined $1.73 million from the Curtis Bay distributor and want it placed in a Chapter 7 bankruptcy liquidation. The creditors are DeWitt Co. Inc. in Missouri; Franklin Electric Co. Inc. of Indiana; Dramm Corp. of Wisconsin; and Premier Horticulture Inc. and J.R. Peters Inc., both of Pennsylvania.
BUSINESS
By Steve Kilar and The Baltimore Sun | February 11, 2013
The foreclosure auction of a 43-acre plot of waterfront land in Westport that was scheduled for Thursday has been canceled because an involuntary bankruptcy petition has been filed against the land's corporate owner, according to the auctioneer. Inner Harbor West LLC, a company affiliated with developer Patrick Turner, owes a construction firm and a land consulting company more than $200,000, according to the petition, filed last week by the consultant and builder. The auction had to be canceled because of the petition, said Andrew L. Billig, a member of the auction house A.J. Billig and Co. The land's trustees will have to convince the bankruptcy judge that the sale should proceed, he said.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | June 26, 2012
When it comes to filing for bankruptcy, Marylanders are more likely to be do-it-yourselfers than debtors in other states. Maryland ranked ninth in the country a year ago in the number of bankruptcy cases in which the debtor wasn't represented by a lawyer, according to the administrative office for the U.S. Courts. Even some of these go-it-alone filers aren't completely without assistance, though. Many hire a bankruptcy petition preparer to fill out court documents. Preparers, who charge a fee, can't give legal advice, such as whether the debtor is better off filing for bankruptcy under Chapter 13 instead of Chapter 7. But there's increasing concern nationwide that petition preparers may be overstepping their bounds by giving legal advice — and not very good advice at that.
NEWS
By Eric Siegel and Eric Siegel,SUN STAFF | February 16, 2005
A nonprofit corporation headed by an East Baltimore bishop filed a bankruptcy petition yesterday, halting the scheduled foreclosure sale of a low-income apartment building it owns moments before the auction was to begin. The auction of the 102-unit Berea Apostolic Apartments in Berea, sought by the U.S. Department of Housing and Urban Development because of the owner's failure to maintain adequate funds to make needed repairs on the federally subsidized property, had drawn 18 bidders to the steps of the Clarence M. Mitchell Jr. Courthouse downtown, 11 of them from out of state.
NEWS
By Dennis O'Brien and Dennis O'Brien,SUN STAFF | October 24, 2001
A 62-year-old businessman who lived in a $1.3 million Ruxton house, bought his girlfriend a $340,000 car and ran a telemarketing operation targeted by the FBI was convicted of bankruptcy fraud yesterday by a federal jury in Baltimore. Joel Katz was found guilty by a jury of six men and six women that deliberated two hours yesterday in U.S. District Court after a trial that focused on his opulent lifestyle, his six-figure income and the bankruptcy petition he filed claiming only $5,280 in assets.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | February 20, 2013
Several creditors of Commerce Corp. filed an involuntary bankruptcy petition against the Maryland-based distributor of lawn and garden supplies. In the petition filed last week, five creditors claim they are owed a combined $1.73 million from the Curtis Bay distributor and want it placed in a Chapter 7 bankruptcy liquidation. The creditors are DeWitt Co. Inc. in Missouri; Franklin Electric Co. Inc. of Indiana; Dramm Corp. of Wisconsin; and Premier Horticulture Inc. and J.R. Peters Inc., both of Pennsylvania.
NEWS
By Alan J. Craver and Alan J. Craver,Staff writer | August 18, 1991
Philip S. Bathon Jr. thought his contracting company was shifting into high gear when he signed on with Bel Air-based developer Steven R.Hankins.He was to install the electrical system at a hotel Hankins was building in Ocean City three years ago.But the 31-year-old contractor has hit rock bottom. He said he expects his 9-year-old company, Systems Electric Enterprises Inc., to file for Chapter 7 bankruptcy within the next few weeks, meaning he'llhave to sell all his holdings.Bathon contends one man is responsible for his financial problems: Hankins.
BUSINESS
By Amanda J. Crawford and Amanda J. Crawford,SUN STAFF | October 30, 1999
Peerce's Plantation filed for Chapter 11 bankruptcy protection yesterday, hours before a scheduled foreclosure auction that would have added it to the list of area restaurants to have closed in the last few months.The restaurant's lawyer said he anticipates that the court will allow the 62-year-old picturesque restaurant to continue operating while undergoing reorganization."To employees and customers it is business as usual," said Lawrence Yumkas, partner with Rosenberg, Proutt, Funk & Greenberg LLP of Baltimore.
NEWS
BY A SUN STAFF WRITER | March 2, 1999
A 10-year-old Laurel orphan who filed for bankruptcy in August to keep a mortgage company from foreclosing on his home has had his Chapter 11 petition dismissed after receiving assurances that he can remain in the home he shares with his brother and an uncle.A judge in Greenbelt dismissed the case last week at the request of the lawyer for Shawn Powell."At this point, it really doesn't serve any purpose," the lawyer, Brett Weiss of Olney in Montgomery County, said of the bankruptcy petition.
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