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BUSINESS
October 19, 1998
Recent filings in the U.S. Bankruptcy Court, District of Maryland,Oct. 5BAF Foods II Inc., 2018 Royal Fern Court, Bel Air, has filed under Chapter 7. Principal: Donald M. Barrick Jr., president. Assets: $11,520; Liabilities: $262,305BAF Food Services Inc., 2018 Royal Fern Court, Bel Air, with operations in Pennsylvania and Georgia, has filed Chapter 7. Principal: Donald M. Barrick Jr., president. Assets: $1,576; Liabilities: $1,808,268.64Key Services of Maryland Inc., 33120 Shavox Road, Parsonsburg, a.k.a Key Services Inc. and Key Service, has filed Chapter 7. Principal: Madeline Christman, authorized agent.
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NEWS
By Hanah Cho, The Baltimore Sun | April 30, 2012
The parent company of Harborside Nursing & Rehabilitation Center in Baltimore, which faced state sanctions for air-conditioning failures more than two years ago, has filed for reorganization under Chapter 11 bankruptcy, according to court documents. Ravenwood Healthcare Inc., based in Baton Rouge, La., listed $10 million to $50 million in liabilities and the same amount of assets, according to documents filed late last week with the U.S. Bankruptcy Court in the Middle District of Louisiana.
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BUSINESS
April 11, 1994
The following are recent bankruptcy filings in U.S. District Court in Baltimore.* March 31* Flow Industries Inc., a dealer in waste water treatment equipment, 9633 Liberty Road, Randallstown, filed Chapter 11. Principal: Kathleen M. Martucci. Assets: $400,000; liabilities: $780,456.69* David B. Reyes Inc., t/a Dave's Pine Orchard Sunoco, 10214 Baltimore National Pike, Ellicott City, filed Chapter 7. Principal: D. B. Reyes. Assets: under $50,000; liabilities: over $100,000April 1* O & B Inc., an auto parts retailer, t/a Hercules Auto Parts, 3820 Liberty Heights Ave., Baltimore, filed Chapter 7. Principal: William D. Orr. Assets: $42,894; liabilities $22,279.
BUSINESS
By Hanah Cho, The Baltimore Sun | October 17, 2011
The owners of a ski resort near Deep Creek Lake have filed for Chapter 11 bankruptcy-law protection while they try to resolve financial difficulties related to another business. DC Development LLC, which owns Wisp Resort in Garrett County, announced the filing Sunday. The company has been unable to renegotiate the repayment of a $28.5 million loan with BB&T Corp. The loan was tied to the construction of an 18-hole golf course and community called Lodestone Golf Club. The golf club property, which is near the ski resort, has experienced lackluster sales of home sites.
BUSINESS
August 12, 1991
Recent business filings in the U.S. District Court in Baltimore.AUG. 2Taste Collections Inc., d.b.a. Arts/Objects. 10300 Mill Run Circle, Owings Mills Town Center, Owings Mills. Seller of art objects filed Chapter 11. Irvin Borenstein, treasurer. Assets: $435,292. Liabilities: $795,591.Forbes Construction, 10890 Kitty's Corner Road, Cordova. Carpentry firm filed Chapter 7. Enoch H. Forbes Jr. and Brenda L. Forbes, owners. Assets: N.A. Liabilities: N.A.AUG. 5Terrafirm Real Estate Development Ltd., 6258 Cardinal Lane, Columbia.
BUSINESS
August 5, 1991
A bankruptcy listing in Monday's MBW did not refer to the Prescott Square apartments at 4404 Old Court Road. The table referred to apartments with the same name in Connecticut.The Sun regrets the errors.Recent business filings in the U.S. District Court in Baltimore.JULY 23National Insurance Agency Inc., 1301 S. Hanover St., Baltimore. Debtor filed for Chapter 7. Assets: $100,000; liabilities $159,503. Kathareen Doebeseiner, main stockholder.hTC George A. Branham, trading as White Wolf Indian Trading Post, 8940 Dogwood Road, Baltimore.
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.
BUSINESS
By Gus G. Sentementes and Gus G. Sentementes , gus.sentementes@baltsun.com | December 10, 2009
BlueHippo Funding, the Woodlawn-based electronics sales company that's been dogged by consumer complaints for years, filed Wednesday for Chapter 7 bankruptcy liquidation status - a move signaling the likelihood that the company will soon shut down. BlueHippo had sought bankruptcy reorganization protection last month when its payment processor's bank unexpectedly blocked its funds, leaving the company unable to pay creditors. BlueHippo petitioned a Delaware bankruptcy court judge to allow the funds to be released to the company, but its request was denied on Dec. 2, according to court records.
BUSINESS
By Lorraine Mirabella and Andrea Walker and Lorraine Mirabella and Andrea Walker,lorraine.mirabella@baltsun.com and Andrea.Walker@baltsun.com | October 20, 2009
Erickson Retirement Communities, a pioneering senior-living developer founded 26 years ago with the opening of Charlestown in Catonsville, filed for federal bankruptcy-law protection Monday with a plan to restructure more than $1 billion in debt and sell the struggling company to a local investment firm. Erickson said the Chapter 11 filing was necessary to restructure debt, split the core management and real estate businesses into separate entities, and pave the way for a sale. Erickson, which has 23,000 residents in communities around the U.S., said it was being purchased for an undisclosed amount by Redwood Capital Investments LLC. That company is controlled by Jim Davis, who is the majority owner of the $5 billion, Hanover-based staffing firm Allegis Group; he could not be reached for comment Monday.
NEWS
By Jim Puzzanghera and Martin Zimmerman and Jim Puzzanghera and Martin Zimmerman,Tribune Newspapers | May 1, 2009
WASHINGTON -President Obama's decision to save Chrysler by pushing it into bankruptcy Thursday puts the company in risky, uncharted territory for a major U.S. automaker and could portend a similar outcome for General Motors Corp. as it races to meet its own government restructuring deadline. The administration is betting Chrysler's future on its ability to emerge quickly from what can be a complex and unpredictable legal process. Obama also is tying the company's fate to Fiat, a foreign owner who may not fathom American car buyers.
NEWS
By Andrea K. Walker and Andrea K. Walker,andrea.walker@baltsun.com | April 17, 2009
General Growth Properties Inc.'s decision to file one of the biggest Chapter 11 bankruptcy cases in U.S. history Thursday resulted from its inability to refinance mounds of debt, taken on during a rapid expansion, when credit markets crumbled. The nation's second-largest mall owner wasn't helped by a weak economy that crimped consumer spending; a drift by some shoppers away from mall stores to big-box stores, discounters and the Internet; and a consolidation of the department store industry that put some mall anchors out of business.
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