Entries from SFist tagged with 'bankruptcy'
May 7, 2008
Free from last last year's minority vs. self-loathing minority mayoral race headlines, Vallejo is now making national news by becoming California's largest city to file for bankruptcy. On Tuesday night, it seems, city council members voted unanimously to file before the fiscal year ends in June. In addition to a significant slump in property values and retail sales, the Bay Area city also faces a whopping budget deficit of $16 million. Ouch. Why? Well,......
Continue Reading "Vallejo Files for Bankruptcy"April 3, 2008
Indianapolis-based ATA Airlines filed for bankruptcy last night "after it lost a key military charter contract amid skyrocketing fuel prices." This prompted the now-defunct airline to stop all service today, stranding thousands of passengers. (An aside: ABC 7's Terry McSweeney just, like, freaked the fuck out about it on the 11 a.m. news. Seriously, he said "dreams are being taken away." His head is going to explode.)...
Continue Reading "ATA's Bankruptcy To Affect Southwest Customers"November 29, 2007
Your Black Muslim Bakery -- the prominent and notorious Oakland setting featured in many a Chauncey Bailey story -- will probably be sold today to Vital Life Services, a nondenominational "nonprofit serving people living with HIV/AIDS and other critical illnesses," founded in 1987. The high bidder NCK LLC, a limited liability corporation, plans on buying the space, then turning it over to VLS. (Aw.) The property was also sought after by several other interested......
Continue Reading "HIV/AIDS Group to Score Your Black Muslim Bakery Property"