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Bankruptcies: headlines from the week of June 7, 2010
Updated: 12 weeks 3 days ago

Eagle’s Landing developer files for bankruptcy

Mon, 04/26/2010 - 12:00am
The developer who put Henry County on the map with the master-planned Eagle’s Landing community and was the power behind a mountain lake retreat for metro Atlanta’s business elite has filed personal bankruptcy, claiming $13.7 million in debt.

The paper trail: Deadline nears for Phila. Media’s future

Mon, 04/26/2010 - 12:00am
A potential new owner for the Philadelphia Inquirer and Daily News could emerge as early as today.

Hale’s First Mariner sues son’s Hale Transport for defaulting on loan

Mon, 04/26/2010 - 12:00am
First Mariner Bank has sued a Sparrows Point transportation company owned by the son of First Mariner CEO Edwin F. Hale Sr. for allegedly defaulting on a loan.

MyTown Media suddenly a ghost town

Mon, 04/26/2010 - 12:00am
MyTown Media, an Austin-based call center that markets information on home foreclosures and repossessed automobiles, ceased operations abruptly on April 16, angering employees who said they weren’t offered an explanation and were owed a few weeks’ pay after their paychecks bounced.

Neighboring Cedar Park office-retail centers failing financially

Mon, 04/26/2010 - 12:00am
Owners of the Galleria at Red Oaks, an $8 million mixed-use project along Cypress Creek Road in Cedar Park, entered bankruptcy in early April — just weeks before a similar development nearby threw in the towel with its own bankruptcy filing.

TransGlobal Oil Co. faces multiple lawsuits

Mon, 04/26/2010 - 12:00am
An Austin oil and gas company, facing four separate civil lawsuits and connected to a man investigated by the U.S. Securities and Exchange Commission, filed for terminal bankruptcy this month.

Crosland lands deal for distressed parcel

Mon, 04/26/2010 - 12:00am
After putting the holding company for one of its properties into Chapter 11 bankruptcy protection, Crosland has sold that parcel to Regency Centers Corp.

More developers filing for personal bankruptcy

Mon, 04/26/2010 - 12:00am
Add would-be downtown Milwaukee office tower developer John Kuhn to a growing list of southeast Wisconsin real estate developers who have filed for personal bankruptcy.

Chrysler Group starts dangling hope to a few dealers

Mon, 04/26/2010 - 12:00am
Tony Martens was excited to learn that his dealership was one of 50 nationwide that Chrysler Group LLC offered to reinstate. Then he read the company’s terms.

Impeva Labs files for Chapter 11

Mon, 04/05/2010 - 4:50pm
Impeva Labs Inc., an advanced global tracking and RFID services company, said Monday it filed for Chapter 11 bankruptcy protection.

Stock Building acquires National Home Centers

Mon, 04/05/2010 - 11:56am
Stock Building Supply, which operates in Houston and 18 other markets nationwide, has acquired the assets of building materials supplier National Home Centers Inc.

Mecklenburg foreclosure filings up 9% in March

Mon, 04/05/2010 - 11:51am
Foreclosure filings in Mecklenburg County rose 9 percent last month from a year earlier, according to court data provided by the state.

Restaurant BT seeks bankruptcy protection

Mon, 04/05/2010 - 10:33am
Restaurant BT, an upscale dining establishment at Tampa’s Old Hyde Park Village, is seeking to reorganize under Chapter 11 of the U.S. Bankruptcy Code.

Stock Building Supply buys National Home Centers Inc.

Mon, 04/05/2010 - 9:44am
Stock Building Supply on Monday closed on its acquisition of National Home Centers Inc., an Arkansas-based supplier of construction materials that had been operating under Chapter 11 bankruptcy protection.

Rothstein bankruptcy attorneys turn to details of firm transactions

Mon, 04/05/2010 - 12:00am
Attorneys investigating Ponzi schemer Scott Rothstein’s former law firm are reaching the biggest decisions in the case: determining what transactions from his law firm can be classified as fraud or preferential actions.

Investors lose out in Starfire’s reorganization plan

Mon, 04/05/2010 - 12:00am
Starfire Systems Inc.’s majority owner and two of Starfire’s executives plan to invest $100,000 in cash and pay off a portion of the Malta company’s $3.6 million debt to lift it out of Chapter 11 bankruptcy.

N.C. filings suggest shift is near for Edgeview/CIT

Mon, 04/05/2010 - 12:00am
Charlotte investment bank Edgeview Partners may be nearing a deal to break away from its parent company, CIT Group Inc.

Select Comfort lawsuit seeks $2.5 million in vanished ad funds

Mon, 04/05/2010 - 12:00am
Minnesota Sleep Number bed manufacturer Select Comfort Corp. lost $2.5 million to a company that secured airtime for advertising but never paid the broadcasters, according to a new lawsuit.

Corporations Department slaps Heaven with desist order

Mon, 04/05/2010 - 12:00am
The California Department of Corporations filed a desist-and-refrain order against principals of the former Heaven Investments Holding Corp., a real estate investment company that was based in Sacramento.

Chapter 11 ripple effects can cause serious damage

Mon, 04/05/2010 - 12:00am
iled for protection from creditors in U.S. Bankruptcy Court for Oregon since the start of 2007 and still more have filed in out-of-state courts.