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NEWS
January 9, 2013 | BY SOLOMON LEACH, Daily News Staff Writer leachs@phillynews.com, 215-854-5903
NASIR PINKNEY and four fellow members of the Wheels of Soul motorcycle club rolled up to their West Philadelphia clubhouse at 6 a.m. Sunday after a 12-hour drive from Chicago, where they had attended a funeral for another member of the brotherhood. The men, who had taken turns driving an SUV, were getting ready to go their separate ways when a gunman near the club's door opened fire on them, club members said Monday. Pinkney, 31, was shot in the head and taken to the Hospital of the University of Pennsylvania, where he later died after being taken off life support.
NEWS
April 2, 2010 | By Christopher K. Hepp, INQUIRER STAFF WRITER
Germantown Settlement, a venerable Philadelphia social-service agency overwhelmed of late by apparent fiscal mismanagement, has filed for bankruptcy. In a filing seeking Chapter 11 protection while reorganizing, Settlement and a key subsidiary reported more than $11 million of debt. The subsidiary, Greater Germantown Housing Development Corp., is Settlement's community-development arm. It filed for bankruptcy, as well. Both filings were made Thursday. Settlement and its subsidiaries face more than $2 million in liens for unpaid city, school district, state, and federal taxes dating to 2007.
ENTERTAINMENT
January 7, 1993 | By Andy Wickstrom, FOR THE INQUIRER
You may have bought Madonna's book without blushing, but would you have the nerve to ask for a videotape called Bankruptcy? And even if you did, would the clerk accept your charge card? Seriously, personal bankruptcy is an option that millions of consumers face every year, and the right person to advise you on this course is your lawyer. But there's no reason to approach him or her in a state of ignorance. One way to prepare for that initial visit is to review the federal laws discussed in Bankruptcy (100 minutes, $39.95)
BUSINESS
January 16, 2004 | By Porus P. Cooper INQUIRER STAFF WRITER
ATX Communications Inc., of Bala Cynwyd, a regional phone and Internet service provider that has tried for three years to cut its debt, filed yesterday to reorganize under Chapter 11 bankruptcy protection. The company employs 1,200 people - nearly half of them in the Philadelphia area - and serves 300,000 residential and 30,000 business customers from here to the Midwest and New York. It does not anticipate laying off any workers as a result of the filing, said Grant Evans, a company spokesman.
BUSINESS
November 10, 2009 | By Harold Brubaker INQUIRER STAFF WRITER
Sam Truell, a retired Chester policeman, has been supplementing his pension with monthly income from Advanta investment notes. "It helps me along quite a bit," Truell, who has been living off his retirement income for 17 years, said yesterday. But Advanta Corp.'s weekend bankruptcy filing in Delaware is snatching away that extra income, leaving Truell and thousands of other retail investors with gaping holes in their budgets. Bankruptcy court will now determine the amount and timing of any further payments.
BUSINESS
August 21, 2008 | By Jane M. Von Bergen INQUIRER STAFF WRITER
Brighten Health Group L.L.C., a Bryn Mawr skilled-nursing and rehabilitation group, and five of its nursing homes have filed for reorganization under Chapter 11 in U.S. Bankruptcy Court in Philadelphia. Company representatives and their attorneys were not available late yesterday afternoon to respond to questions about how residents would be affected at the homes. When a company files for reorganization under Chapter 11 bankruptcy, it typically remains in business during the proceedings, often gaining access to new sources of credit.
BUSINESS
March 9, 1990 | By Susan Warner, Inquirer Staff Writer
Two Butcher & Co. real estate partnerships that own the Biltmore Hotel in Coral Gables, Fla., have filed for bankruptcy protection from creditors. Butcher's Deilwydd Corp. and Sovereign Group Ltd. 1986-1 filed for protection under Chapter 11 of the U.S. Bankrutpcy Act in U.S. District Court in Philadelphia last Friday. Deilwydd Corp. is the general partner of the limited partnership that owns the property. David Lloyd, president of Sovereign Group, Butcher & Co.'s real estate subsidiary, yesterday said hotel revenues had increased, but not enough to pay off its debt to a Florida bank that was about to foreclose.
NEWS
June 9, 2001
This will be one of the last chapters in the Timothy McVeigh saga. I hope for this survivor from now on it will not be Timothy McVeigh. It will be Timothy Who? - Bombing survivor Paul Heath, who attended Wednesday's hearing, in which U.S. District Judge Richard Matsch denied a stay of execution for Timothy McVeigh. I believe that we have satisfied the responsibility, completely and fairly, that the system operate innocently and fairly ... and it is an appropriate ruling, for which I am grateful.
NEWS
January 13, 1991 | By Richard V. Sabatini, Inquirer Staff Writer
Describing Philadelphia as "one of our strongest markets," a spokesman for Best Products Inc. said Thursday that customers of its two Philadelphia stores - including one of its largest at Roosevelt Boulevard and Comly Road in the Northeast - should expect business as usual despite the company's recent filing for Chapter 11 bankruptcy protection. If anything, said Ross Richardson, corporate communications director, shoppers might find shelves better-stocked now than before the holidays.
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ARTICLES BY DATE
NEWS
March 26, 2013 | By Suzette Parmley, INQUIRER STAFF WRITER
AC Revel Inc., owner of the struggling Revel casino in Atlantic City, formally filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court in Camden Monday, as expected. The company filed at 10:20 p.m. The prepackaged bankruptcy, with terms Revel's creditors have agreed to, is meant to reduce the casino's estimated $1.5 billion in debt by about $1 billion and provide it $250 million in debtor-in-possession financing, $42 million of which is new money. The additional financing will provide Revel new working capital, fund certain capital expenditures and pay other expenses related to the financial restructuring.
BUSINESS
March 25, 2013
Carl R. Rio Jr. , formerly doing business as Good Vibrations Auto Salon , 1012 A Lansdale Ave., Lansdale; Chapter 7; no schedules available. DSI Solutions Inc. , 101 E. Mill St., Suite J10, Quakertown; Chapter 7; no schedules available. Gregory S. Widdall , formerly doing business as Beyond Architecture , formerly doing business as Widdall Architects , 103 Timer Dr., Mountville; Chapter 7; no schedules available. Olga Stark , doing business as Fonz L.L.C. , doing business as Olga Ljachin , 5820 Akron St., Philadelphia; Chapter 13; no schedules available.
NEWS
March 23, 2013 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - Revel AC Inc., owner of the ailing, barely-a-year-old Revel casino, is expected to file its Chapter 11 petition in U.S. Bankruptcy Court in Camden on Monday, the start of what is expected to be a two-month process to get its finances back on track. Revel will maintain normal business operations during the bankruptcy. But the financial restructuring appears to clear the way for a series of practical changes, including addition of a smoking area, a beach bar, and more reasonably priced restaurants, among other things, by Memorial Day weekend, in time for the resort's peak season.
NEWS
February 21, 2013 | BY DANA DiFILIPPO, Daily News Staff Writer difilid@phillynews.com, 215-854-5934
THE DAY David Taundi disappeared, it was clear something had gone horribly wrong. His car had run off the road on Henry Avenue near Philadelphia University in East Falls early Dec. 15, hitting a tree before bursting into flames. A witness told police that a man climbed out of the driver's side, walked away from the wreckage and disappeared into the predawn darkness. Taundi's father, Josiya Taundi, mounted a massive search, publicizing missing-person fliers on social media and asking police to mobilize helicopters and search dogs.
NEWS
February 20, 2013 | ASSOCIATED PRESS
ATLANTIC CITY - Revel, the casino that many people had hoped would turn around Atlantic City's sagging fortunes, said Tuesday that it will file for Chapter 11 bankruptcy protection in March, less than a year after it opened. The voluntary, prepackaged bankruptcy envisioned for late March will wipe away about two-thirds of its $1.5 billion debt by converting more than $1 billion of it into equity for lenders. Kevin DeSanctis, Revel's CEO, said that the restructuring would give the casino resort more flexibility to operate.
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