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Bankruptcy

NEWS
February 8, 2016 | By Martha Woodall, Staff Writer
When Education Plus Academy Cyber Charter closed in December, its officials laid blame at two places: districts that couldn't pay for students because of the state budget crisis, and a bank's decision to pull the charter school's line of credit. But documents Ed Plus filed in federal bankruptcy court show that the Main Line cyber, which got into trouble for operating more like a regular school than an online one, was crippled by much bigger financial problems. Former staffers say that the school that focused on students with learning disabilities was in turmoil for months and that the bankruptcy stemmed from questionable management decisions.
BUSINESS
February 2, 2016
Freedom Remodelers Inc. , 2100 Ash Lane, Lafayette Hill; Chapter 7; no schedules available. Julius J. Jablonsky, doing business as J&M Associates , 1610 Hedgewood Rd., Hatfield; Chapter 13; no schedules available. Trevor L. Miller, formerly doing business as TL Miller Enterprises , 224 Hossler Rd., Manheim; Chapter 7; no schedules available. Sae Duk Choi, doing business as Choi and Park, Inc., and Keumok Choi , 22 Fitzwatertown Rd., Unit D2, Willow Grove; Chapter 7; no schedules available.
NEWS
January 30, 2016 | By Barbara Boyer, Inquirer Staff Writer
The property and liquor license for the defunct Coastline Bar & Grill, a popular Cherry Hill landmark, is expected to change hands soon after a federal bankruptcy judge approved the sales. According to court records, Judge Andrew B. Altenburg approved the sale of the liquor license for more than $1 million to the Village at Woodcrest, the company that owns and operates the Woodcrest Country Club and golf course, also in Cherry Hill. Altenburg approved the sale of Coastline's property at 1240 Brace Rd. for more than $2.5 million to Orens Development Inc., which builds senior living facilities.
NEWS
January 28, 2016 | By Jonathan Lai, Maddie Hanna and Amy S. Rosenberg, STAFF WRITERS
TRENTON - Back from the campaign trail, Gov. Christie announced a plan Tuesday for the state to take control of Atlantic City's finances. Christie, flanked by Senate President Stephen Sweeney (D., Gloucester) and Atlantic City Mayor Don Guardian at a Statehouse news conference, said "all three of us up here agree" that greater state involvement is needed in Atlantic City, which has been rocked by casino closures. Guardian's presence in Trenton alongside Christie and Sweeney represented a d├ętente in a high-stakes standoff that had state officials threatening a hostile takeover while city officials considered bankruptcy.
NEWS
January 22, 2016 | By Andrew Seidman, TRENTON BUREAU
TRENTON - Atlantic City is considering filing for bankruptcy, Mayor Don Guardian said Wednesday, even though the state is likely to block such a move and is pushing a plan to take control of the local government's finances. Guardian said he planned to hold an emergency meeting of the City Council next week to discuss a possible bankruptcy amid a fiscal crisis. Senate President Stephen Sweeney said that would be reckless and has attacked the city's government as incapable of reining in spending.
NEWS
January 19, 2016 | By Maddie Hanna, Staff Writer
Campaigning in Iowa during the weekend, Gov. Christie wouldn't say whether he supports Senate President Stephen Sweeney's plan for a state takeover of Atlantic City. But he said the local government hadn't done enough to turn around the beleaguered Shore resort's finances. "We now need to get the government under control in Atlantic City," Christie said after a town hall meeting in Fort Dodge. "The government in Atlantic City - and I've said this under the previous mayor, many times, and the current council - they cannot control themselves to do the job the right way," Christie said.
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