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Country club seeking bankruptcy protection
The Spokesman-ReviewThe Spokane Country Club has filed for bankruptcy to avoid paying $1.7 million in legal costs tied to its loss in a gender discrimination lawsuit. The private golf club, formed in 1898, is in no danger of closing its course in north Spokane, club...Tags: Insurance, Bankruptcy, Crime, Law and Justice, Lifestyle and Leisure, Clubs and Associations
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Documents: Hampton Lake development bankruptcy years in the making
The Island Packet OnlineBy late 2009, just three years after construction began, Hampton Lake LLC was in trouble. The parent company of the Hampton Lake development was hemorrhaging cash and nearly out of money, documents show. Lot sales had ground to a halt as the local...Tags: Bankruptcy, John Reed, Finance, Companies and Corporations, Economy, Business and Finance
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Judge grants foreclosure of hundreds of run-down Orlando apartments
A state judge on Friday granted the foreclosure of seven west Orlando apartment complexes with hundreds of units, the latest twist in the long-running story of some of the city's most run-down housing. Circuit Judge Alice Blackwell ruled that the...
Tags: Bankruptcy, Crime, Law and Justice, Judges, Finance, Justice System
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Peregrine Financial may have "viable" claims vs banks -trustee
ReutersSAN FRANCISCO, May 10 (Reuters) - Peregrine Financial Group's bankruptcy estate may have "viable" claims against JPMorgan Chase & Co and U.S. Bancorp for harm done to clients of the now-failed brokerage, and may pursue them in court, Peregrine's trustee...Tags: U.S. Bancorp, Bankruptcy, Crime, Law and Justice, Prosecution, Laws
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Examiner's report could spur ResCap creditors seeking Ally cash
ReutersBy Tom Hals May 10 (Reuters) - A report on Friday could embolden creditors of bankrupt mortgage lender Residential Capital LLC to pursue billions of dollars of cash that its parent, Ally Financial Inc, had planned to use to repay a U.S. government...Tags: Bankruptcy, Crime, Law and Justice, Bonds, $700 Billion Bank Bailout (2008), Judges
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Revel's new Pearl Lounge opens Friday
The Philadelphia InquirerRevel's new Pearl Lounge takes pains to show it is not just any slots parlor. With its canopy entrance, strung-pearl ceiling design, custom-print glass doors, and red oak floors, exclusivity is what it's all about. The 3,000-square-foot space just off...Tags: Bankruptcy, Restaurant and Catering Industry, Lifestyle and Leisure, Casino and Gambling Industry, Gambling
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Alton Steel, union sign new contract
The Telegraph, Alton, Ill.The Steelworkers Local Union 3643 and Alton Steel signed a historic two-year contract extension recently, a sign of different times in the industry. The old contract was set to expire Aug. 20, but the new contract agreement was reached April 26. The...Tags: Bankruptcy, Interior Policy, Unions, Career and Workplace, Pension and Welfare
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Chicago Rush owner ousted by league, which takes over team
When David Staral Jr. stepped up in early February to purchase the Chicago Rush from the Arena Football League, he promised ownership stability to a beleaguered franchise. Three months later, Staral, whose own troubled financial history included...
Tags: Online Advertising, Bankruptcy, Chicago Sun-Times, Chicago Rush, Finance
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East Stroudsburg school board member has a date with law
Pocono Record, Stroudsburg, Pa.The Pike County Sheriff's Department has been authorized by a court to break into the home of East Stroudsburg school board member Mike Meachem for a second time. Meachem, who is running for a second term on the school board and who often talks about...Tags: Bankruptcy, Unemployment Benefits
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Fed's Plosser adds voice to too-big-to-fail criticisms
ReutersNEW YORK (Reuters) - The United States is falling short in its effort to end the problem of too-big-to-fail banks and should require higher capital and adopt a fresh approach to winding down firms that face bankruptcy, a top Federal Reserve official...Tags: Federal Reserve, Labor Markets, New York City, Federal Deposit Insurance Corporation, Central Bank
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After founder's death, Boca tech firm TLO files for Chapter 11
The Palm Beach PostFour months after the death of its founder, technology firm TLO today filed for Chapter 11 bankruptcy reorganization. In a federal court filing, TLO lists assets of $46.6 million -- most of it a $40 million life insurance policy on the late Hank Asher...Tags: Bankruptcy, Computing and Information Technology Industry, Equifax Incorporated, Reed Elsevier, West Palm Beach
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Paulson hedge fund puts hotel unit in bankruptcy to escape lawsuit
Reuters* MSR Hotels & Resorts files Chapter 11 * Five Mile claims sale of luxury resorts was not fair * Paulson unit accuses lender of legal "terrorization" By Jonathan Stempel May 9 (Reuters) - Billionaire investor John Paulson has put a real estate unit of...Tags: John Paulson, Mutual Funds, Litigation, Personal Service, Hotel and Accommodation Industry
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