If the current level of filings continues through the end of 2023, Maine’s bankruptcy rate would increase for the first time in over a decade.
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Posted inBusiness, Local & State, News
Owners of Knox County contracting business must pay customers $744,000, judge rules
Bankruptcy liens against Malcolm and Elizabeth Stewart and their failed company were recently filed, and a criminal case against Malcom Stewart continues.
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Posted inBusiness, Local & State, News
Maine bankruptcy filings now on track to hit lowest level in decades
A predicted surge during the pandemic has not materialized, but some experts also warn bankruptcies could be on their way up again.
Posted inBusiness, Local & State
Saco food distributor files for bankruptcy
Sure Winner Foods filed Tuesday for protection to reorganize following a dispute with a major supplier.
Posted inBusiness, Local & State, News
Lawsuit charges directors got money from settlement at expense of Lincoln mill
A bankruptcy court filing says that the company started losing money after a boiler explosion, and that three board members pocketed large sums from an insurance payment rather than fix the equipment.
Posted inBusiness, Local & State, News
Verso emerges from bankruptcy, to again list stock on NYSE
The papermaker says it is stronger, having shed $2.4 billion in debt.
Posted inBusiness, Local & State, News
Verso chief to step down following bankruptcy conclusion
David J. Paterson has been at the helm of the beleaguered paper company for four years.
Posted inBusiness, Local & State, News
Verso Paper’s first-quarter loss declines from a year ago
The papermaker with about 550 workers in Jay lost $88 million, down from $122 million, and is nearing the end of its bankruptcy reorganization process.
Posted inBusiness, Local & State, News
Keiser Homes’ bankruptcy costs customers thousands in deposits
The Chapter 7 filing of the Oxford-based modular home company means would-be homeowners are likely out of luck.
Posted inBusiness, Local & State, News
Oxford’s Keiser Homes shutting down, laying off more than 120 workers
The shutdown is part of its bankrupt parent company’s nationwide liquidation.