Money Pains

Tuscaloosa police fear record year for county suicides; Dothan police charge man in child sex abuse

Tuscaloosa police fear record year for county suicides; Dothan police charge man in child sex abuse

The company that owns the 275-acre property on which a large-scale dairy farm is proposed has filed for bankruptcy.

The company that owns the 275-acre property on which a large-scale dairy farm is proposed has filed for bankruptcy.

Customers of bankrupt Terri’s & Design Furnishings Inc. left thousands of pieces of furniture inside the company’s three remaining showrooms after a July 29 deadline for removing the property.

IRVINE, Calif.—-Bankruptcy Management Solutions, Inc., BMS Holdings, Inc. and their affiliates have reached an agreement on the material terms of a consensual debt-for-equity exchange with BMS lenders representing a majority of each of the Companys outstanding first lien and second lien bank debt and over 90% of the Companys Floating Rate Senior PIK Notes due 2012.

July 30 – Midland Loan Services Inc said bankrupt hotel chain Innkeepers USA Trust’s reorganization plan gives preference to Lehman Brothers Holdings Inc over other secured creditors.

Big changes appear to be in the works for the sale of the bankrupt Texas Rangers.  It looks like Nolan Ryan and his partner have worked out a new deal that could cut Mark Cuban and all other bidders out of the process entirely.

A group led by former all-star pitcher Nolan Ryan and a minor league baseball team owner made a new bid to buy the bankrupt Texas Rangers in a move that would block an auction for the Major League Baseball team set for next week.

The Texas Rangers, the bankrupt Major League Baseball team, got an enhanced bid from a buyer group led by Nolan Ryan and Chuck Greenberg that was endorsed by the clubs court-appointed chief restructuring officer.