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Bankruptcy Los Angeles

June 26, 2005 | Hector Becerra, Times Staff Writer
Leaders of the Hare Krishna faith last week began carrying out the terms of a $9.5-million settlement that closes the books on a long-running child abuse scandal. Under the plan, the International Society of Krishna Consciousness organization has filed for bankruptcy in Los Angeles while it determines how to compensate 535 former students who say they were abused in the 1970s and '80s by adults at boarding schools run by the society.
June 14, 2000
Confirming the county's current fiscal health despite a spat over how it will fund its massive health department, Wall Street agencies Tuesday gave the county's tax and revenue anticipation notes their highest rating for short-term debt. The $600 million in notes, to be sold later this week, will provide the county with enough cash to fund its $15-billion operation until the first installment of property taxes arrives in December.
August 27, 2010
Bristol Palin is reportedly joining "Dancing With the Stars. " ( Los Angeles Times ) Blockbuster prepares to declare bankruptcy. ( Los Angeles Times ) Luckily, you can now stream Netflix to your phone. ( New York Magazine ) Chris Brown is doing a "good job" according to his probation-status judge. ( Los Angeles Times ) Lady Gaga says her use of cocaine occasionally has helped her creativity. ( Huffington Post ) "The Real Housewives of New Jersey" will hit the stage in a production of "My Big Gay Italian Wedding.
May 21, 1992
Under pressure from a key lender, the partnership behind the Marina City Club waterfront development has filed for protection under federal bankruptcy law. Los Angeles developer Jerome Snyder said Monday that the Chapter 11 filing late last week was prompted by an inability to reach agreement with the lender, Aetna Life Insurance Co.
August 12, 1987 | BARRY STAVRO, Times Staff Writer
Barry Minkow, the 21-year-old founder of the ZZZZ Best carpet cleaning company whose stock in the firm was worth more than $100 million earlier this year, has filed for personal bankruptcy. Los Angeles attorney Yale M. Harlow filed a petition to liquidate Minkow's assets under Chapter 7 of the U.S. Bankruptcy Code on Friday in U.S. Bankruptcy Court. "He doesn't have any substantial assets as far as I know," Harlow said Tuesday.
September 28, 2011 | By Roger Vincent, Los Angeles Times
Culver Studios, the storied movie lot that brought the world "Citizen Kane" and other classics, is about to be put up for sale. The lot, in operation in Culver City since 1918, may fetch as much as $150 million, according to real estate experts familiar with the independent studio, where television shows and movies are made. That's a heady price, but 14 acres on the Westside is intrinsically valuable, and the studio's provenance includes Hollywood royalty. Silent screen pioneer Thomas Ince founded the studio on Washington Boulevard, and it was expanded by its next owner, the legendary film mogul Cecil B. DeMille.
May 30, 2013 | By Hugo Martin
Halsey Minor, the CNET founder who accumulated a fortune in the tech industry, has filed for bankruptcy in Los Angeles. In the personal bankruptcy filing May 24, Minor cited $50 million to $100 million in liabilities with 60 creditors, and assets of $10 million to $50 million. Among his listed creditors are the California Franchise Tax Board, the Internal Revenue Service, Bank of America, HSBC Bank and Sotheby's Inc., among others. Quiz: How much do you know about Internet sales taxes?
July 8, 2003 | Jerry Hirsch, Times Staff Writer
Forever 21 Inc., a fast-growing chain of low-cost apparel stores for young women, said Monday that it acquired nearly all the assets of rival Reference Co. out of Bankruptcy Court. Los Angeles-based Forever 21 paid $3.5 million to acquire 14 of Reference's 16 stores, as well as its remaining inventory, said Larry Meyer, Forever 21's chief financial officer. He said the purchase would allow Forever 21 to grow more quickly, especially in California, where 11 of the 14 Reference stores are located.
June 24, 2011 | By David G. Savage, Washington Bureau
Former Playboy playmate Anna Nicole Smith's heir is not entitled to share in the $1.6-billion estate of her elderly Texas husband, the Supreme Court ruled, apparently ending a Dickensian legal struggle. Because the battle over oil tycoon J. Howard Marshall II's wealth outlived most of the parties to the suits, Chief Justice John G. Roberts Jr. compared it to "Bleak House," Charles Dickens' novel about a lawsuit that never ends. Vickie Lynn Marshall, who was better known as Anna Nicole Smith, married the 89-year-old billionaire a year before his death in 1995.
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