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Patrick C. Shea is an attorney in California. He was the federal court-appointed attorney that represented 170-plus municipal entities [1] with investments of over $5 billion in the Orange County, California, Chapter 9 bankruptcy. [2] On December 6, 1994, the County of Orange declared Chapter 9 bankruptcy, from which it emerged in June 1995.
The bankruptcy judge dismissed the bankruptcy petition on the grounds that not all necessary branches of the municipal government had authorized the filing of the petition. Denied by courts [68] [69] Stockton, California: City 2012 291,700 Completed [70] San Bernardino, California: City 2012 209,900 $1,000,000,000 Completed [71]
1983 San Jose School District California bankruptcy; 1991 Bridgeport Connecticut bankruptcy; 1994 Orange County California bankruptcy; 1999 Prichard Alabama bankruptcy; 2001 Desert Hot Springs California bankruptcy; 2002 Alabama Adventure and VisionLand bankruptcy; 2005 Millport Alabama bankruptcy; 2006 Los Osos California bankruptcy
Bankruptcy is governed by federal law and overseen by the U.S. bankruptcy courts. When you file for bankruptcy, you formally declare your inability to pay outstanding debts. In return, you may be ...
Chapter 11 bankruptcy and liquidation Mortgage lender [3] August 31, 2007: Ameriquest Mortgage: Chapter 11 bankruptcy and liquidation Largest Subprime Mortgage lender September 28, 2007: NetBank: ING Direct: Savings and loan association $ 14,000,000 [4] [5] October 9, 2007: ABN AMRO: Royal Bank of Scotland Fortis Grupo Santander: Diversified ...
Robert Lafee Citron (April 14, 1925 – January 16, 2013) was the longtime Treasurer-Tax Collector of Orange County, California, when it declared Chapter 9 bankruptcy on December 6, 1994. The bankruptcy was brought on by Citron's investment strategies, [ 2 ] which seemed to be an effort to earn high incomes for the county, without raising taxes ...
South Dakota couple Dan and Ann Clark filed a lawsuit in January 2024 in Marion County alleging that Harvest had pursued and received a $900,000 loan from them in April 2023 to help finance a ...
Several days before it filed for bankruptcy, Rubio’s closed 48 underperforming restaurants in California. In August, Rubio’s agreed to a sale to an affiliate of TREW Capital, one of its lenders.