Highlights
A collection of news and information related to Bankruptcy published by this site and its partners.
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Liberty Medical files for chapter 11 bankruptcy
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...
Tags: Companies and Corporations, Chicago Tribune, Unemployment, General Motors Corp., American Airlines, Inc.
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Owner of Roanoke Hooter's sports bar files for Chapter 11 Bankruptcy
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....
Tags: Companies and Corporations, Financially Distressed Companies, Restaurant and Catering Industry, Economy, Business and Finance, Lifestyle and Leisure
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Va. retirement community emerges from bankruptcy
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...
Tags: Roanoke (Roanoke, Virginia), Botetourt County, Financially Distressed Companies
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Deal allows sale of Virginia State Fair in entirety
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...
Tags: Crime, Law and Justice, Judges, Financially Distressed Companies, Caroline County (Virginia), Justice System
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Forest man admits to running a Ponzi scheme, stealing $1 million
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....
Tags: Punishment, Theft, Organized Crime, Crime, Law and Justice, Prisons
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Seven tips to boost your credit score
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: Loans, Politics, Arts and Culture, Credit and Debt, Tax Credits
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AdWatch: Looking at President Obama's campaign ad, "Go"
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...Tags: Politics, Iraq, CBS Corp., General Motors Corp., Barack Obama
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State Fair of Virginia property to be auctioned
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...
Tags: Auction Service, Caroline County (Virginia)
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Virginia State Fair is forced into bankruptcy
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...Tags: Science and Technology, Agricultural Research and Technology
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Bankrupt billionaire's property will be auctioned in Lynchburg this weekend
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...Tags: Lynchburg (Lynchburg, Virginia), Charlottesville (Charlottesville, Virginia), Auction Service, Donald Trump, Hobbies
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Kluge bankruptcy auction in Lynchburg includes furs, art
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...Tags: Real Estate, Arts and Culture, Lynchburg (Lynchburg, Virginia), Services and Shopping, Foreclosures
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Bankruptcy puts former Amherst school property in limbo
Reporter/Lynchburg Bureau ChiefThe old Seminole Elementary School is a landmark on Phelps Road for all the wrong reasons. "It's an eyesore," said Steve Wade, who attended the school as a child and now he lives across the street. "It's been kind of rough, because you have to look...
Feb 15, 2013
|Story| WDBJ7
Nov 26, 2012
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Oct 3, 2012
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May 22, 2012
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Jun 13, 2012
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May 2, 2012
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May 14, 2012
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Mar 28, 2012
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Mar 8, 2012
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Jan 25, 2012
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Jan 25, 2012
|Story| AP Broadcast
Sep 20, 2011
|Story| WDBJ7
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