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Bankruptcy

BUSINESS
February 4, 1991
The following are recent bankruptcy filings in U.S. District bTC Court in Baltimore.JAN. 22Carnes Inc., 541 W. 27th St., Baltimore. Bar filed for Chapter 11. Principal: Dorothy Carnes. Assets: $74,400. Liabilities: $49,495.R.W.L Seafood Inc. (Treasures from the Deep), Route 3, Box 809, Easton. Seafood restaurant filed for Chapter 11. Principal: Rodney W. Lewis. Assets: $675,881 (approximately). Liabilities: $793,345 (approximately).Sea-Bay Builders Inc., 11505 S. Dolly Circle, Berlin. General contractor filed for Chapter 7. Principal: James H. Gallagher.
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NEWS
By Larry Carson | larry.carson@baltsun.com | November 15, 2009
Hopes for a reborn central Columbia clashed with fears over a bankrupt developer's future at an unusual, daylong Howard County Council hearing Saturday. Discussion has been going on for five years as debates raged over traffic, affordable housing, schools and infrastructure cost. The council intends to vote on the resulting legislation by January, though critics say more time is needed. Columbia's master developer, General Growth Properties Inc., the Chicago shopping center chain that bought the Rouse Company five years ago, is pushing to urbanize downtown Columbia with a new street grid, pedestrian plazas, sidewalk shops, restaurants and multistory, densely packed offices and garages.
BUSINESS
By Eileen Ambrose | eileen.ambrose@baltsun.com | November 25, 2009
BlueHippo Funding, the Woodlawn electronic sales company recently accused of violating its settlement with the Federal Trade Commission, has filed for bankruptcy court protection. The company said it was forced to file for protection under Chapter 11 on Monday after its payment processor's bank, First Region's Bank, unexpectedly froze funds belonging to BlueHippo. "First Region's Bank explained in an e-mail that it was freezing BlueHippo's accounts solely as a result of a recent press release issued by the FTC - a press release that is replete with factual inaccuracies," BlueHippo said in a statement.
BUSINESS
March 18, 2010
SAN FRANCISCO - Blockbuster Inc. shares plunged further into penny-stock territory Wednesday after the struggling home-video-rental company said in a regulatory filing that it will likely file for bankruptcy if it's unable to address its debt load. Shares of Blockbuster fell 12 cents, or 29 percent, to 28 cents a share. The company's market capitalization now totals about $34 million, or just a fraction of its fourth-quarter revenue of $1 billion. - MarketWatch
ENTERTAINMENT
By Luke Broadwater | July 11, 2011
It's no secret that the U.S. financial situation is dire. The government spends more than it takes in and has done so since the Clinton administration.  But how bad will it get? Will our penchant for military excursions and entitlement programs cause the government to default on its debt like some rundown gambler?  U.S. Congressman Ron Paul (R-Texas) is predicting the nation will have to turn to bankruptcy to fix its problems.  "I am very hopeful and positive in the long run, but I think we are going to go through a bankruptcy first," the Texas congressman told Fox News in a Sunday Interview . Obviously, the country can't actually declare bankruptcy like someone with a gambling addiction can. But the country could realistically default on its debt, leaving countless holders of U.S. government bonds screwed.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | March 9, 2012
The creditors and the publisher of the Baltimore Jewish Times met behind closed doors Friday with a bankruptcy judge in an attempt to iron out a new ownership plan, and emerged after more than three hours with a commitment to return Monday for more negotiations. Alter Communications Inc., the publisher of the Times and Style magazine, has been in Chapter 11 bankruptcy protection since April 2010, after losing a legal battle with its former publisher, H.G. Roebuck & Son Inc. of White Marsh.
BUSINESS
By a Baltimore Sun reporter | August 10, 2010
Auctions of two downtown Baltimore office buildings that were undergoing conversion to hotels have been cancelled after the developers filed for Chapter 11 bankruptcy court protection. The buildings that are no longer up for auction are the former Keyser Building on Redwood Street that was being converted into the Hotel Indigo, a $24 million project with 130 rooms, and the former Jefferson Building on Charles Street that was being converted into a 100-room Staybridge Suites in a $22 million project.
BUSINESS
By Steve Kilar, The Baltimore Sun | December 31, 2012
Mental health rehabilitation and addiction treatment center Baltimore Behavioral Health Inc. has filed for bankruptcy protection because it owes more than $5.5 million to creditors and estimates its assets are less than $500,000, according to federal court filings. The center will continue to operate during the Chapter 11 restructuring, said CEO Terry T. Brown. "There's a need for us to be here," Brown said of the nonprofit company's West Pratt Street facility, on the northern edge of the Pigtown neighborhood of Southwest Baltimore.
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