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Lehman, AbitibiBowater, Esmerian, Centaur, Storm King Golf: Bankruptcy
Lehman Brothers Holdings Inc. and brokerage unit Lehman Brothers Inc. face a tax liability of as much as $283 million if they retain residual interests in real- estate mortgage investment conduits known as Remics.
Read more...Forget family ties - affluent go for the money
Seems like core family values are being upended as we continue to grapple with the Great Recession, at least among the more affluent in the Bay Area. For example, "maintaining a close relationship with your family" or "choosing the right spouse/partner" aren'... San Francisco Bay Area - United States - Family values - California - Metro Areas
Read more...Manager Shuts Power Off At Desert Edge RV Park
The power was restored Tuesday at an RV park south of Desert Hot Springs. The manager claimed residents weren't paying their bills and that the park was never intended for long term living.
Read more...Almatis, Tribune, EnviroSolutions, AbitibiBowater, Dreier, GSI: Bankruptcy
Almatis BV, a producer of specialty alumina products, filed an agreement on July 23 underpinning a revised reorganization plan that will allow the Chapter 11 case to end consensually and avoid a protracted battle between senior and junior secured creditors.
Read more...EnviroSolutions, Abitibi, Pacifica Studios, Dreier, Almatis: Bankruptcy
EnviroSolutions Holdings Inc. , a trash hauler and owner of three landfills, has an approved reorganization plan given a confirmation order signed by the bankruptcy judge on July 22. The judge imposed a so-called cramdown on general unsecured creditors with $9.6 million in claims who voted against the plan.
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