Tag Archives: bankruptcy

MSNBC Posts Report On Harlem Hate Church’s Coming Bankruptcy Hearing & Ali Forney Center [VIDEO]

MSNBC today published the below video report on Harlem’s bankrupt hate church, which will back on court on April 21st when a new auction date might be set. Interviewed for the piece was Ali Forney Center founder Carl Siciliano, who tells us that he’ll be at the hearing with his attorneys. Ali Forney Center has raised $330,000 towards a down …

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Harlem Hate Pastor: Fags Will Have Babies Through Their Anus Before I Let Them Have My Church [VIDEO]

“This is the lord’s house! This ain’t no damn bathhouse! It ain’t no fag house! And before you can ever own this property – hook or crook – men who are fags with testicles will be carrying babies in their testicles and giving birth to them through their anus. That’s how impossible it is for you to get this house. …

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MINNESOTA: Archbishop John Nienstedt Resigns Over Molestation Scandal

“In order to give the Archdiocese a new beginning amidst the many challenges we face, I have submitted my resignation as Archbishop of Saint Paul and Minneapolis to our Holy Father, Pope Francis, and I have just received word that he has accepted it. The Catholic Church is not our Church, but Christ’s Church, and we are merely stewards for …

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WISCONSIN: Court Rules Against Catholic Archdiocese In Bankruptcy Case

In 2013 it was revealed that while the Archbishop of Milwaukee, now-Cardinal Timothy Dolan sought the Vatican’s permission to move that money into a cemetery fund in order to shield assets from the victims of sexual abuse. The Archdiocese declared bankruptcy in 2011. UPDATE: Here’s the AP’s report. The 7th U.S. Circuit Court of Appeals in Chicago said Monday that …

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Radio Shack Calls It Quits

Radio Shack is filing for bankruptcy but the brand won’t disappear entirely. Via Bloomberg: In the agreement, the Radio Shack brand would continue as a store-within-a-store concept at locations acquired by Sprint, said the person, who asked not to be identified because the talks are private. The retailer now expects to sell 1,500 to 2,400 stores to Sprint and Standard …

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MINNEAPOLIS: Archdiocese Declares Bankruptcy, Freezing Molestation Suits

Via the Minneapolis-St. Paul Star-Tribune: The Archdiocese of St. Paul and Minneapolis filed for Chapter 11 bankruptcy Friday, becoming the 12th in the nation to say its treasury cannot withstand the unprecedented wave of lawsuits from clergy abuse victims. The move freezes lawsuits against the church, protecting the archdiocese from creditors while allowing it to develop a reorganization plan. It …

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Trump: I Never Went Bankrupt

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From The Bankruptcy King

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Another Trump Bankruptcy

Trump Entertainment files for bankruptcy again: http://t.co/3Urfu5F6LK pic.twitter.com/UL0vZN7pKt— Reuters Business (@ReutersBiz) September 9, 2014

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FLORIDA: Orlando’s Parliament House Nightclub/Hotel Declares Bankruptcy

Orlando’s legendary/infamous Parliament House, where I made my first tentative steps into a gay bar on April 18th, 1976*, has declared bankruptcy. Via the Orlando Sentinel: Parliament House, a gay resort and entertainment complex, filed for Chapter 11 bankruptcy on Friday citing $15.5 million in debt. The 4.5-acre complex defaulted on loans during the recession in 2009 and has been …

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MONTANA: Catholic Diocese Files For Bankruptcy Over Sex Abuse Suits

Montana’s Roman Catholic Diocese of Helena yesterday filed for bankruptcy protection as it settles molestation lawsuits filed on behalf of hundreds of children. “The settlement here will be as much help financially as we can offer to claimants,” the spokesman, Dan Bartleson, told NBCNews.com. “And the bankruptcy puts us in a place at the diocese where we can care for …

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Put On Your Shocked Face

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Detroit Ruled Eligible For Bankruptcy, May Not Have To Pay Pension Obligations

This does not bode well for other cities. Via New York Times: The judge, Steven W. Rhodes, dealt a major blow to the widely held belief that state laws preserve public pensions, and his ruling is likely to resonate in Chicago, Los Angeles, Philadelphia and many other American cities where the rising cost of pensions has been crowding out spending …

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NYC Opera Faces Bankruptcy

The New York City Opera’s now-running production of Anna Nicole may be its last. After the curtain falls following the last performance of “Anna Nicole” – an audacious chronicle of tabloid diva Anna Nicole Smith that opened the company’s 2013-14 season – the “People’s Opera” will have only a few days to raise millions of dollars. The 70-year-old company, which …

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Sen. Rand Paul: Obama Will Bail Out Detroit Over My Dead Body

“There’s some good things that come out of bankruptcy. One is you get to start over. Bankruptcy lets you be forgiven of your debt. And you do so by getting new management, better management, and by getting rid of unwieldy contracts, contracts that give you where public employees are getting paid twice what private employees are and things come back …

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Detroit Declares Bankruptcy

Yesterday the city of Detroit finally declared bankruptcy. The decision, confirmed by officials after it trickled out in late afternoon news reports, also amounts to the largest municipal bankruptcy filing in American history in terms of debt.  “This is a difficult step, but the only viable option to address a problem that has been six decades in the making,” said …

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Girls Gone Bankrupt

Some feminists probably find this news very satisfying. The company behind the “Girls Gone Wild” videos filed for bankruptcy to protect itself from a $10.3 million debt claimed by Steve Wynn’s Wynn Las Vegas LLC and a $5.8 million award won by a woman who says the company used naked images of her without permission. Last year, Wynn and his …

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Bankruptcy For Kodak

I was crying so hard I couldn’t work my Instamatic. Kodak filed for bankruptcy today. Kodak has filed for bankruptcy in a bid to survive a liquidity crisis after years of falling sales related to the decline of its namesake film business as digital cameras have taken over the market. Eastman Kodak Co, the photographic film pioneer, which had tried …

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Hostess Files For Bankruptcy

Hostess Brands has filed Chapter 11 for the second time. The privately held Irving, Texas, company, which employs roughly 19,000 people and carries more than $860 million in debt, has been facing a cash squeeze amid high labor costs and rising prices for sugar, flour and other ingredients, according to people familiar with the matter. Those costs together have proved …

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American Airlines Files For Bankruptcy

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