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Articles Tagged With ‘Bankruptcy’




Haggen files for bankruptcy

Written on 9 Sep, 2015 in Daily Briefs, Featured | 32 comments

Grocery chain Haggen has filed for bankrupty following a troubled expansion into new locations, including the Central Coast. The Washington-based supermarket chain filed Tuesday for Chapter 11 bankruptcy protection. Chapter 11 bankruptcy would allow the company to reorganize its business... (Continue reading)

Cal Poly to pay $480,000 to rid Moriarty’s name from scoreboard

Written on 20 Aug, 2015 in Daily Briefs, Featured | 14 comments

Cal Poly has agreed to pay $480,000 to remove Ponzi scheme architect Al Moriarty’s name from the scoreboard of the university’s football stadium. The funds from the settlement will come from the Cal Poly Foundation, not tuition money, according to... (Continue reading)

Estate Financial president Karen Guth getting out of prison early

Written on 11 Dec, 2013 in Featured, Uncovered SLO | 21 comments

A principal in a fraudulent $3oo million investment scheme she ran out of the Estate Financial Inc. office in Paso Robles, which financially ruined thousands of people, is slated to be released after serving a little more than six years... (Continue reading)

Gearhart properties to be auctioned

Written on 30 Sep, 2013 in Featured, Uncovered SLO | 7 comments

By KAREN VELIE Three of former north county developer Kelly Gearhart’s properties will be sold at auction in October including the Paso Robles golf course property known as Vista del Hombre. A New York firm will hold the auction on... (Continue reading)

Bankrupt California city to vote on sales tax hike

Written on 10 Jul, 2013 in Daily Briefs, Featured | 28 comments

The city of Stockton, which last year became the largest U.S. city to file for bankruptcy, will vote on whether or not to raise taxes to help ease its financial troubles. [News10] The Stockton City Council voted Tuesday night to... (Continue reading)

Ron Hertel files for bankruptcy

Written on 4 Jun, 2013 in Featured, Uncovered SLO | 12 comments

Developer Ron Hertel, a partner in the failed R.W. Hertel and Sons, filed for personal bankruptcy in April listing $118.4 million in debt and assets of $591,000. The bulk of his accumulated debt is from personal guarantees he made on... (Continue reading)

Grover Beach man arrested for fraud

Written on 6 May, 2013 in Daily Briefs, Featured | 15 comments

A 79-year-old Grover Beach man was arrested in Washington State under a fugitive from another state charge on Sunday. [Tribune] Al Moriarty, former owner of Moriarty Enterprises, is being held without bail at the Kitsap County Jail. Former investors have... (Continue reading)

Fat Cats Cafe files for bankruptcy

Written on 2 May, 2013 in Daily Briefs, Featured | 14 comments

Port San Luis restaurant Fat Cats Café has filed for Chapter 11 bankruptcy, but will remain open. [Tribune] The popular restaurant has less than $50,000 in assets and at least $300,000 in liabilities to its top 20 creditors, according to... (Continue reading)

Los Osos terminates general manager

Written on 4 Jan, 2013 in Daily Briefs, Featured | 57 comments

Los Osos Community Services District’s general manager was terminated by the board following a one-hour closed session on Thursday. Though the board reported Susan Morrow was terminated without cause, her performance as the district’s general manager has been heavily criticized... (Continue reading)

CalPERS tops San Bernardino creditor list

Written on 13 Aug, 2012 in Daily Briefs, Featured | 18 comments

The city of San Bernardino owes $143.3 million to the California Public Employees Retirement System placing CalPERS at the top of the city’s creditor list. [Press-Enterprise] CalPERS, which runs a $234 billion pension system for more than 1.6 million state... (Continue reading)