Bizjournals Green

Terri Bowersock is devastated that the company she founded out of a truck in 1979 now sits in U.S. Bankruptcy Court.

The legal battle over who will make restitution to victims of Scott Rothstein’s $1.2 billion Ponzi scheme intensified Friday.

Duane Lund, the CEO and founder of The Geneva Organization, is fighting an attempt by some investors trying liquidate the company's property-management arm.

Mercantil Commercebank wants to seize the 116 remaining townhomes under construction in the Coral Lakes Kingdom project in western Miami-Dade County.

Video rental giant Blockbuster Inc. is negotiating with bondholders to obtain $150 million in debtor-in-possession financing that would allow the company to operate in bankruptcy, according to unnamed sources cited in a Wall Street Journal article. (BBI)

Janet and John Beardsley could retain ownership of the Historic U.S. National Bank Block under a bankruptcy plan slated for approval in August.

Gart Capital Partners of Denver said Friday it has purchased the remaining assets of Swoozie's Inc., an Atlanta-based specialty retailer that filed for Chapter 11 bankruptcy protection in early March, and plans to re-open some of its shuttered stores. (MTN)

A Denver bankruptcy court judge on Thursday granted a motion by the creditor’s committee in developer Zack Davidson’s personal Chapter 7 bankrupcty filing to see financial documents held by Davidson’s wife.

Crescent Resources LLC, co-developer of the Rough Hollow and Twin Creeks developments in Central Texas, has officially emerged from Chapter 11 protection, erasing about $1 billion in debt.

Bankrupt auto mogul Denny Hecker wants the federal judge handling his criminal case to drop two of the charges and force the government to identify pertinent evidence.

Chrysler faces major fines for disobeying recently enacted Colorado auto franchise laws under another bill signed Thursday by Gov. Bill Ritter.

Another large Ponzi scheme, this time based on fake gold mines, has roots in South Florida, according to the Securities and Exchange Commission.

Nashville nonprofit Easter Seals of Tennessee has named a new president and CEO as it continues to work through Chapter 11 bankruptcy.

The judge in Greenwood Village’s high-end Landmark bankruptcy case said at a Thursday hearing that project developer Zack Davidson can’t sell the condo-retail property to its construction lender until Davidson pays off a $500,000 lien — in cash — filed by the Goldsmith Gulch Sanitation District.

Murfreesboro-based home decor chain Old Time Pottery expects to emerge from bankruptcy before the end of the month, less than a year after it filed for Chapter 11 protection.

The owner of Beaconlight Guest House, a year-round Provincetown inn, is trying to restructure its debt in bankruptcy court after falling behind on mortgage payments.

Credit Karma, a consumer credit advocate, reports that credit card debt among American consumers with a credit card decreased 1 percent in May to its lowest level in 2010, but credit card debt is still 8 percent higher than it was a year ago.

BiState Bistro Associates of Chesterfield, which operates a dozen TGI Fridays restaurants, included an outline for a reorganization plan and said it hopes to cut its more than $9.5 million in debt in a bankruptcy it filed June 2.

Puget Sound Business Journal Staff Writer Kirsten Grind has signed with the Touchstone Division of Simon & Schuster publishers to write a book about the rise and dramatic fall of Washington Mutual, which regulators seized in 2008 in the biggest bank failure in U.S. history.

Shares of Pacific Ethanol Inc. soared more than 10 percent in trading Wednesday, after the ethanol producer and marketer announced its wholly owned subsidiary should exit bankruptcy protection by the end of the month.