Content Tagged As bankruptcy

2 years 7 months ago

Colorado telecom's assets being auctioned

DENVER (AP) - A telecommunications company that received a $267 million federal loan has auctioned its assets following its bankruptcy filing in October. Open Range Communications Inc.'s assets included equipment on towers in 160 U.S. cities in 12 states, office equipment, modems and tools. The Denver Post reports the auction...

2 years 7 months ago

Hostess Twinkies maker files for bankruptcy

NEW YORK (AP) -- Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions. The Chapter 11 filing on Wednesday comes just two years after a predecessor company emerged from bankruptcy proceedings....

3 years 2 weeks ago

Alabama county could file for bankruptcy

BIRMINGHAM, Ala. (AP) - Commissioners in Alabama's largest county say they hope to vote on whether to settle with Wall Street or file the largest municipal bankruptcy in U.S. history. Jefferson County commissioners have delayed a decision for two weeks while negotiating with creditors. Members say they expect to...

3 years 1 month ago

All Borders bookstores could close

Borders Group is edging closer to extinction after no new bids surfaced in an auction process for the bookstore chain other than the opening bid from two liquidation firms. Borders Group last week assigned the opening bid in its auction process set for Tuesday to two liquidation firms, Hilco...

3 years 6 months ago

Blockbuster closes 5 local stores

Once the king of home video rental companies, Blockbuster Video announced this week that it will close five stores in the Pikes Peak Region. Four of the stores are located in Colorado Springs; at Constitution and Powers, Fillmore and Nevada, Centennial and Vindicator and at Circle and Galley. The fifth...

3 years 6 months ago

Personal bankruptcy filings rise in Colorado

DENVER (AP) - The number of businesses filing for bankruptcy protection fell for the first time in four years in 2010, but a rising number of individuals filed for protection. Statistics compiled by the U.S. Bankruptcy Court in Colorado show there were 1,349 bankruptcy filings among businesses in 2010,...

3 years 7 months ago

Ultimate Electronics files for Chapter 11

DENVER (AP)-Colorado-based Ultimate Electronics has filed for Chapter 11 bankruptcy in its second trip to bankruptcy court in six years. The Denver Post reports that the company filed for bankruptcy Wednesday in Delaware. The firm's parent company, Ultimate Acquisitions LP, said the filing was based on a "significant downturn"...

4 years 3 weeks ago

Colorado to begin reviewing conservation easements

Colorado Attorney General John Suthers is stepping into the dispute between landowners and the state Department of Revenue over conservation easements. Department of Revenue Director Roxy Huber told dozens of angry landowners Wednesday that the state will evaluate complaints of shoddy appraisals that prompted the denial of $90 million...

4 years 4 months ago

Chrysler challenges Colorado law

Chrysler Group LLC is challenging a Colorado law affecting auto dealers whose franchise agreements were terminated. Chrysler filed a complaint Friday in U.S. Bankruptcy Court in New York, saying the law conflicts with orders of the bankruptcy court. It also says the law impairs existing contracts, in violation of...

4 years 7 months ago

Appliance World: CLOSED

Appliance World stores in Colorado have closed their doors. According to the company website, Appliance World is under bankruptcy protection. On the website the company says people who have been notified that their order is ready are being told to pick it up at the Denver warehouse at 320...

4 years 7 months ago

CSU employee admits stealing parking money

A Colorado State parking clerk has been ordered to repay parking-ticket payments she admitted stealing. Charlene Noah, 53, has been fired and convicted of embezzlement for taking $220 from parking ticket payments left in drop boxes. Noah has been ordered to 120 hours of community service. The thefts...

4 years 8 months ago

Citadel Broadcasting files Chapter 11 bankruptcy

Citadel Broadcasting Corp., the nation's third-largest radio broadcasting company, filed for Chapter 11 bankruptcy protection on Sunday in an effort to restructure its hefty debt load. In documents filed in U.S. Bankruptcy Court for the Southern District of New York, Las Vegas-based Citadel listed total assets at Oct. 30 of...

4 years 11 months ago

Frontier Airlines emerges from bankruptcy

Frontier Airlines is out of bankruptcy protection and is now a wholly owned subsidiary of Republic Airways Holdings Inc. The Denver-based carrier field for bankruptcy protection in April 2008. It has reduced its routes since then and has been turning an operating profit for the past several months. Nearly all...

4 years 11 months ago

Bankruptcy rumors surface for Gazette owner

Freedom Communications, the parent company of the Colorado Springs Gazette, is reportedly close to filing for Chapter 11 bankruptcy protection. A report by the Wall Street Journal Sunday stated that the company has reached an agreement with its lenders to restructure its debts. However, a report published in...

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