A collection of news and information related to Bankruptcy published by this site and its partners.
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Liberty Medical Supply Inc., which has an operation in Salem, has filed for chapter 11 bankruptcy protection, according to CEO Frank Harvey. "What that means is it gives us the breathing space we need to reorganize while still continuing to serve our...
A Richmond businessman who owns a dozen restaurants in three states, has filed for Chapter 11 bankruptcy. (Click here to see the full filing, courtesy RichmondBizSense.com) One of the restaurants is the Roanoke Hooters, located on Williamson Road....
A continuing care retirement community in Botetourt County is no longer in bankruptcy. Parent company Virginia Baptist Homes says The Glebe emerged from Chapter 11 bankruptcy last week. The Roanoke Times says the retirement community opened in Daleville...
A deal reached in the State Fair of Virginia bankruptcy case would clear the way for a buyer to purchase the entire fair in an attempt to put on the event in September. Documents filed Monday in U.S. Bankruptcy Court indicate that the agreement between...
A former financial adviser from Forest admitted to running a Ponzi scheme in U.S. District Court on Wednesday morning in Lynchburg. 42-year-old Michael Todd Crosswhite pleaded guilty to one count of wire fraud and one county of money laundering....
Anchor/ReporterIt's a number that impacts your life on so many levels. It determines if you can buy a home or a new car and how much interest you'll pay. Some of us either love our number or hate. The average American has a credit score of 687 according to Experian...
Tags: Credit and Debt, Loans, Politics, Arts and Culture, Libraries
Anchor/ReporterA sure sign Virginia is a major battleground state for the Presidential election is the number of campaign ads currently on your TV. Our AdWatch is aimed at fact-checking so you can make more informed decisions. One of President Obama's first ads of the...
A creditors' group that provided more than $80 million in bond financing for the State Fair of Virginia says a trustee will auction the Caroline County site where the annual event was held since 2009. The 360-acre Meadow Event Park site, personal...
Reporter/Lynchburg Bureau ChiefShe was once married to the richest man in America, and lived in a large mansion outside Charlottesville. Today Patricia Kluge is broke, and almost everything she owns is being sold. "It's very unique to have this type of auction, especially here...
Furs, art, and other items from onetime socialite Patricia Kluge's Charlottesville estate are going on the auction block. TRF Auctions will conduct the bankruptcy auction Saturday at The Plaza in Lynchburg. TRF Auctions marketing director Micah Torrence...
WDBJ7 Senior ReporterIt now appears that bankrutpcy will claim a 156-year tradition. The State Fair of Virginia has failed to reach an agreement with its creditors, and the non-profit organization has now laid off its staff. Rights to the State Fair, the Strawberyy Hill...
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