Articles Tagged With ‘Bankruptcy’

Gearharts want their wedding ring back

By KAREN VELIE Former north San Luis Obispo County developer Kelly Gearhart and his wife Tamara Gearhart have asked a federal bankruptcy court in Ohio to allow them to purchase her wedding ring back for $814. As the result of... (Continue reading)

Mammoth Lakes files bankruptcy

The Town Council of Mammoth Lakes Town voted unanimously on Monday to approve a bankruptcy filing, less than a month after Stockton filed for bankruptcy protection. The council said it was the only option it had left after its largest... (Continue reading)

SLO County battling trustees over Gearhart properties

Following an announcement in early June by the San Luis Obispo County tax collector’s office that several of former North County developer Kelly Gearhart’s tax-defaulted properties were to be sold at auction on July 1, an Ohio court trustee filed... (Continue reading)

Stockton seeks solvency by slashing

Hoping to avoid becoming the latest — and biggest — U.S. city to enter bankruptcy, officials of the California Delta city of Stockton hope to avoid that eventuality by skipping payment of $10.2 million in debt service and slashing employee... (Continue reading)

DeCou Lumber Co. in Atascadero closing after 75 years

DeCou Lumber Co. in Atascadero is going out of business after 75 years of providing building materials, paints, and hardware  to area residents. [Tribune] On June 5, the management of the family owned business filed bankruptcy noting $1 million owed... (Continue reading)

Bryan Cave wants Estate Financial case dismissed

A request by Bryan Cave attorneys to have a $184.7 million malpractice suit filed by Estate Financial Inc. (EFI) bankruptcy trustees dismissed is headed to federal court in Los Angeles. [PacificCoastBusinessTimes] On April 29, Thomas Jeremiassen, one of the EFI... (Continue reading)

Heritage Oaks Bank makes out while investors lose

After battling for a cut of developer Kelly Gearhart’s Vista del Hombre property, Heritage Oaks Bank in San Luis Obispo walked away with most of the controversial developer’s land in Paso Robles. At the same time, a federal bankruptcy court in... (Continue reading)

Judge dismisses Gearhart’s bankruptcy protection

A federal judge has ruled that Atascadero developer Kelly Gearhart’s bankruptcy was applied for fraudulently and as of October 7 his creditors may legally go after his future earnings, according to a November 8 court order. “They can sue him for... (Continue reading)

Robert Fowler files $127 million personal bankruptcy

Developer Robert Fowler, a partner in the failed R.W. Hertel and Sons, filed for personal bankruptcy listing $127.6 million in debt, on Sept. 26. Fowler said $105.6 million are personal guarantees he made on business loans, according to his bankruptcy filing.... (Continue reading)

Small-business bankruptcies rise 81 percent

More grim economic news for the Golden State: The L.A. Times reports that small-business bankruptcies in California are up 81 percent for the 12 months ending Sept. 30, compared with the previous year. That compares to 44 percent for filings... (Continue reading)