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Heritage Holding Inc

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BUSINESS
October 27, 1992 | ANNE MICHAUD, TIMES STAFF WRITER
Before a bankruptcy court judge can decide the fate of Heritage Holding Inc., he must first rule on who owns it. Two parties claim ownership and presidency of the real estate company, which drew attention in August, 1991, by suing defense contractor Northrop Corp. The lawsuit alleges that Northrop tried to sell Heritage 53 acres in Anaheim without disclosing that the land was contaminated by chemicals.
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BUSINESS
October 29, 1992 | CAROL SMITH, SPECIAL TO THE TIMES
A bankruptcy judge on Wednesday accepted neither of the people who claim to be president and owner of Heritage Holding Inc. Instead, he ordered that the court appoint a trustee to oversee the Newport Beach real estate company's bankruptcy reorganization. Judge John Wilson ruled that neither Laurie Frost nor Kumiko Kato should be at the helm, given the ownership dispute. During bankruptcy proceedings last month, the court appointed Kato as president of the company.
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BUSINESS
October 29, 1992 | CAROL SMITH, SPECIAL TO THE TIMES
A bankruptcy judge on Wednesday accepted neither of the people who claim to be president and owner of Heritage Holding Inc. Instead, he ordered that the court appoint a trustee to oversee the Newport Beach real estate company's bankruptcy reorganization. Judge John Wilson ruled that neither Laurie Frost nor Kumiko Kato should be at the helm, given the ownership dispute. During bankruptcy proceedings last month, the court appointed Kato as president of the company.
BUSINESS
October 27, 1992 | ANNE MICHAUD, TIMES STAFF WRITER
Before a bankruptcy court judge can decide the fate of Heritage Holding Inc., he must first rule on who owns it. Two parties claim ownership and presidency of the real estate company, which drew attention in August, 1991, by suing defense contractor Northrop Corp. The lawsuit alleges that Northrop tried to sell Heritage 53 acres in Anaheim without disclosing that the land was contaminated by chemicals.
BUSINESS
September 29, 1992 | DEAN TAKAHASHI, TIMES STAFF WRITER
Blocking an attempt by creditors to liquidate the company, a bankruptcy judge has approved a petition by real estate firm Heritage Holding Inc. to reorganize under Chapter 11 of the U.S. Bankruptcy Code. That action could determine whether Heritage will pursue its lawsuit against Northrop Corp. Heritage, formerly Taiyo Development USA Inc.
BUSINESS
September 29, 1992 | DEAN TAKAHASHI, TIMES STAFF WRITER
Blocking an attempt by creditors to liquidate the company, a bankruptcy judge has approved a petition by real estate firm Heritage Holding Inc. to reorganize under Chapter 11 of the U.S. Bankruptcy Code. That action could determine whether Heritage will pursue its lawsuit against Northrop Corp. Heritage, formerly Taiyo Development USA Inc.
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