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By Staff Report / Tuesday, October 16th, 2012 / Latest news / 2 Comments
Santa Barbara-based Melchiori Construction Co. has filed for Chapter 7 bankruptcy protection amid a flurry of creditor lawsuits. The general contractor filed bankruptcy documents at 9:02 a.m. on Tuesday and listed assets of $50,000 or less and debts between $1 million and $10 million. In a Chapter 7 bankruptcy, a debtor seeks to liquidate its Read More →
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By Henry Dubroff / Friday, August 10th, 2012 / Columns, Opinion / Comments Off on As recession financing fallout continues, big bankruptcies emerge
When an economy is shifting gears, strange events are likely to take place. Those words of wisdom came to me decades ago courtesy of Eugene Berman, a bankruptcy attorney in Springfield, Mass. But they seem to ring true as far as a pair of high-profile bankruptcies are concerned. For legendary pinot noir pioneer Richard Sanford, Read More →
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By Marlize van Romburgh / Friday, August 10th, 2012 / Real Estate, Top Stories, Tourism / Comments Off on $100M Nesbitt hotel portfolio files Chapter 11
Santa Barbara hotelier Patrick Nesbitt has placed a portfolio of eight Embassy Suites hotels into Chapter 11 bankruptcy, listing at least $100 million in debts. The bankruptcy filing, which gives Nesbitt’s companies protection from creditors while they restructure their debts, arises from a dispute with a lender over a $187.5 million loan used to refinance Read More →
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By Marlize van Romburgh / Thursday, August 2nd, 2012 / Banking & Finance, Personal Finance, Real Estate, Top Stories, Tourism / Comments Off on Nesbitt hotels file $100M bankruptcy
[Editor’s note: See correction appended below.] Santa Barbara hotelier Patrick Nesbitt has placed a portfolio of eight Embassy Suites hotels into Chapter 11 bankruptcy, listing at least $100 million in debts. The bankruptcy filing, which gives Nesbitt’s companies protection from creditors while they restructure their debts, arises from a dispute with a lender over a Read More →
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By Editorial Board / Friday, April 20th, 2012 / Editorials, Opinion / Comments Off on Editorial: Holding our police chiefs accountable for actions
Top cops in cities across our region are finding themselves in hot water.
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By Marlize van Romburgh / Friday, January 20th, 2012 / Real Estate, Top Stories, Tri-County Economy / Comments Off on Santa Barbara County developers file for bankruptcy
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By Stephen Nellis / Friday, January 13th, 2012 / Banking & Finance, Banking Industry, Top Stories / Comments Off on Bank moves to seize Saabs at port
A bank backed by Uncle Sam is suing to seize a stash of Saab vehicles at the Port of Hueneme as the iconic Swedish car brand heads for the sunset. Ally Financial, a bank three-quarters owned by the U.S. Treasury, wants court approval to take control of 151 vehicles being stored at the port by Read More →
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