Thursday, August 20, 2009
Debtors, Creditors, Sun-Gazette's Parent Company Face Off in Federal Bankruptcy Court on August 21st
According to motions filed with the Federal District Bankruptcy Court in Wilmington Delaware, the SG's parent company, American Community Newspapers LLC (Debtors) will argue for a conversion from Chapter 11 to Chapter 7. The Official Committee of American Community Newspapers et.al. Unsecured Creditors will argue a motion for the dismissal of the Debtor's Chapter 11 cases. Two large secured creditors, General Electric Credit and Bank of Montreal, and American Community Newspapers LLC, will all argue against dismissing Debtors' Chapter 11 cases. The amount American Community newspapers owed its secured creditors was approximately $111 million.
Arlington County filed a lawsuit in Federal District Court in Washington on August 19th to stop HOT Lanes from being constructed on I-395 / I-95. The County alleges that the Federal Highway Administration exempted the HOT lanes project from normal environmental review concerning air quality.
Is there ANYTHING positive about electing Cooch to be the next Attorney General, except for members of the NRA and Operation Rescue?
Tuesday, August 18, 2009
County Treasurer's Staff Scamming Seniors to Pre-Pay Taxes So County Will End Fiscal Year 2009 in the Black?
According to several angry senior citizens, Arlington County Treasurer's staff has been telephoning Arlington senior citizens and scamming them into paying their taxes long before the due date. According to several insiders at 2100 Clarendon Blvd., the County is having a "serious problem" ending the 2009 fiscal year in the black.