April 1, 1995 |
U.S. Bankruptcy Court Judge John E. Ryan on Friday warned lawyers in Orange County's increasingly complex bond pool bankruptcy case not to expect excessive fees at a time when county employees are being laid off and public services are being slashed. "The county is going through dramatic days," Ryan said. "It is not going to be said that the only group that benefited from this (bankruptcy) are the attorneys.
February 14, 1995 |
The Yorba Linda Water District on Monday moved to challenge the bankruptcy petition filed by Orange County on behalf of its troubled investment pool, the second such challenge filed by an investment pool participant against the county this month. The water district, which had about $2.6 million invested in the county's pool when the bankruptcy was declared, asked U.S. Bankruptcy Court Judge John E.
March 25, 1995 |
Orange County has been in the financial intensive care unit since filing its bankruptcy petition Dec. 6. But during hearings scheduled to begin Tuesday, investors in the county's loss-riddled bond pool will ask U.S. Bankruptcy Court Judge John E. Ryan to declare the patient healthy enough to leave ICU. It's part of a behind-the-scenes battle that has seen high-priced lawyers methodically file more than 1,000 documents in the complex case since the county tumbled into bankruptcy protection.
March 25, 1995 |
Orange County has been in the equivalent of a financial intensive-care unit since filing its bankruptcy petition on Dec. 6. But during a string of hearings scheduled to begin on Tuesday, a handful of investors in the county's bankrupt bond pool will ask U.S. Bankruptcy Court Judge John E. Ryan to declare the patient healthy enough to move to the general ward.
January 27, 1995 |
Cash-strapped school districts, cities and other government agencies will receive more than $220 million in property tax money from the county, under a ruling issued Thursday by U.S. Bankruptcy Court Judge John E. Ryan. Local governments have been clamoring for the tax payments since the county plunged into bankruptcy on Dec. 6 and announced that it would withhold the money.
May 25, 1995 |
A federal judge has dismissed the bankruptcy filing of the Orange County Investment Pools, ruling that the portfolio run by former Treasurer-Tax Collector Robert L. Citron for some 200 local government agencies does not qualify as a municipality under the bankruptcy code. The ruling by U.S. Bankruptcy Judge John E.