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By Staff Report / Friday, March 18th, 2016 / Energy, Latest news / Comments Off on Venoco files for Chapter 11 bankruptcy
Venoco, the Denver-based oil and gas company with substantial operations in the tri-county region, has filed a pre-packaged Chapter 11 bankruptcy after agreeing with lenders to slash $1 billion in debt. Venoco said March 18 that it reached an agreement with its senior lenders on a restructuring agreement. The company earlier said it was suspending Read More →
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By Staff Report / Wednesday, November 25th, 2015 / Latest news, Top Stories / Comments Off on Court OKs bids for former Haggen stores in Tri-Counties
A Delaware bankruptcy court has approved six of the original seven bids for former Haggen stores throughout the Tri-Counties. The Washington-based grocery chain announced on Nov. 25 that the court approved the sale of 47 of its 164 stores. Pending successful deals with landlords, Albertsons will take over its former location at 1500 N. H Read More →
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By Marlize van Romburgh / Friday, September 5th, 2014 / East Ventura County, Law, Top Stories, Tri-County Economy / Comments Off on Crunchies tightens its belt in Ch. 11
Since filing for bankruptcy protection on Aug. 15, Crunchies has laid off eight people — about a third of its full-time staff — at its Westlake Village headquarters, has reduced expenses by about $2 million and has put marketing initiatives and new product development on hold for the rest of the year.
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By Stephen Nellis / Friday, May 23rd, 2014 / Law, South Coast, Top Stories, Tri-County Economy / Comments Off on Attorney General goes after Distenfield venture in N.Y.
The New York State Attorney General has sent a cease and desist letter to a legal documents business run by a member of Santa Barbara’s Distenfield family, alleging the firm is illegally practicing law in the Empire State. The order is the first deep scrutiny of the newest document filing venture by a new generation Read More →
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By Tom Bronzini / Friday, May 16th, 2014 / Central Coast, Real Estate, Top Stories, Tourism, Wine & Viticulture / Comments Off on Avila schoolhouse tasting room changing hands amid Ch 7. filing
The Salisbury Vineyards tasting room in a historic old schoolhouse in Avila Valley has closed amid a Chapter 7 bankruptcy filing, and a new venue will open there in June under the banner of newcomer Biddle Ranch Vineyard.
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By Henry Dubroff / Friday, April 4th, 2014 / Banking & Finance, South Coast, Top Stories, Tri-County Economy / Comments Off on Select Staffing to shed debt, relinquish family control in Ch. 11
The reorganization will reduce the ownership stake held by the Sorensen family and ends a years-long search for a solution to the heavy debt load Select Staffing took on at the height of the credit bubble.
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By Henry Dubroff / Friday, April 4th, 2014 / Columns, Opinion / Comments Off on Business lessons learned from region’s largest corporate bankruptcy
At least in terms of revenue, Select is the largest company in the history of the Tri-Counties to seek Chapter 11 protection from creditors.
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