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Financially Distressed Companies

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A collection of news and information related to Financially Distressed Companies published by this site and its partners.

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    May 19, 2013 |Column| Baltimore Sun

  1. How not to run a local government

    One of the more enjoyable aspects of my public career was an excellent relationship with public safety unions. Law enforcement, fire and EMT groups were supportive of my races for the state legislature, Congress and governor.
    One of the more enjoyable aspects of my public career was an excellent relationship with public safety unions. Law enforcement, fire and EMT groups were supportive of my races for the state legislature, Congress and governor. Although not unheard of,...

    Tags: National Government, California Public Employees' Retirement System, Health and Safety at Work, Safety of Citizens, Government

    2. May 4, 2013 |Story| Baltimore Sun

  2. Baltimore Behavioral Health must repay retirement money

    A federal judge has ordered a West Pratt Street clinic and its former chief executive to repay more than 60 current and former employees nearly $50,000 that the private company never deposited into their retirement accounts as required.
    A federal judge has ordered a West Pratt Street clinic and its former chief executive to repay more than 60 current and former employees nearly $50,000 that the private company never deposited into their retirement accounts as required. U.S. District...

    Tags: Judges, Hospitals and Clinics, Mental Health, Baltimore Behavioral Health, Trials

    3. Apr 27, 2013 |Story| Baltimore Sun

  3. Mikulski to propose bill in wake of alleged Harford payroll firm tax fraud

    Small businesses would be protected from the type of fraud allegedly committed by Harford County payroll firm AccuPay Inc. under legislation being proposed by Sen. Barbara A. Mikulski.
    Small businesses would be protected from the type of fraud allegedly committed by Harford County payroll firm AccuPay Inc. under legislation being proposed by Sen. Barbara A. Mikulski. The Maryland Democrat plans to introduce a bill that would require...

    Tags: Trials, Business Enterprises, Small Businesses, Internal Revenue Service, Taxation

    4. Apr 24, 2013 |Story| Baltimore Sun

  4. Synagro Technologies' bankruptcy will bring jobs to Baltimore

    A Wednesday bankruptcy filing by Synagro Technologies Inc. means growth and new jobs for the Baltimore area as the waste recycler consolidates its headquarters in White Marsh.
    A Wednesday bankruptcy filing by Synagro Technologies Inc. means growth and new jobs for the Baltimore area as the waste recycler consolidates its headquarters in White Marsh. The Carlyle Group LP-owned company, which had been co-headquartered in...

    Tags: Water, Energy Saving, Credit and Debt, Water Supply, Washington, DC

    5. Apr 9, 2013 |Story| Baltimore Sun

  5. AccuPay president refuses to testify in bankruptcy court

    The nearly two dozen creditors of payroll firm AccuPay Inc. who jammed a hearing room in Baltimore's federal courthouse Tuesday left with no more answers than when they arrived.
    The nearly two dozen creditors of payroll firm AccuPay Inc. who jammed a hearing room in Baltimore's federal courthouse Tuesday left with no more answers than when they arrived. Bel Air-based AccuPay, which filed for Chapter 7 bankruptcy in March, is...

    Tags: Alan Cohen, Harford County, Internal Revenue Service, Taxation, Police Investigations

    6. Apr 8, 2013 |Story| Baltimore Sun

  6. Baltimore Museum of Art lays off 14 employees

    More than five years after a financial crisis ravaged the U.S. economy, the <a href="http://findlocal.baltimoresun.com/baltimore-city/art/art/baltimore-museum-of-art-baltimore-museum">Baltimore Museum of Art</a> has finally run out of options.
    More than five years after a financial crisis ravaged the U.S. economy, the Baltimore Museum of Art has finally run out of options. Museum administrators announced Monday that after exhausting other cost-cutting measures, they have laid off 14 employees,...

    Tags: Arts, Artists, Job Layoffs, Washington, DC, Finance

    7. Mar 21, 2013 |Story| Baltimore Sun

  7. Bill proposes regulating payroll service companies in state

    A bill introduced in the Maryland Senate Thursday would create a commission to look into regulating payroll service companies in the wake of allegations of fraud at AccuPay of Bel Air.
    A bill introduced in the Maryland Senate Thursday would create a commission to look into regulating payroll service companies in the wake of allegations of fraud at AccuPay of Bel Air. Sen. Barry Glassman, a Harford County Republican, introduced the...

    Tags: Maryland Chamber of Commerce, Harford County, Small Businesses, Internal Revenue Service, Labor Legislation

    8. Mar 21, 2013 |Story| Baltimore Sun

  8. Auction of The Inn at the Black Olive canceled as business files for bankruptcy

    The family owners of The Inn at the Black Olive in Fells Point hope a bankruptcy filing Thursday will give them time to try to attract investors and keep operating the 2-year-old boutique hotel, their bankruptcy attorney said.
    The family owners of The Inn at the Black Olive in Fells Point hope a bankruptcy filing Thursday will give them time to try to attract investors and keep operating the 2-year-old boutique hotel, their bankruptcy attorney said. The Black Olive Development...

    Tags: Harbor East, Property, Hotel and Accommodation Industry, Auction Service, Justice System

    9. Mar 15, 2013 |Story| Baltimore Sun

  9. Court's help sought in case of stolen Renoir painting

    A federal court in Virginia was asked Friday to determine the proper ownership of a miniature landscape painted by Pierre-Auguste Renoir and purchased for $7 in a box of odds and ends in a rural flea market.
    A federal court in Virginia was asked Friday to determine the proper ownership of a miniature landscape painted by Pierre-Auguste Renoir and purchased for $7 in a box of odds and ends in a rural flea market. The complaint filed in U.S. District Court for...

    Tags: Supplemental Nutrition Assistance Program, Arts, Artists, Auction Service, Fine Artists

    10. Mar 14, 2013 |Story| Baltimore Sun

  10. Bel Air payroll company AccuPay files for bankruptcy protection

    A Bel Air payroll company under investigation for allegedly not forwarding clients' tax payments to tax collectors has filed for bankruptcy.
    A Bel Air payroll company under investigation for allegedly not forwarding clients' tax payments to tax collectors has filed for bankruptcy. AccuPay Inc. filed a petition for a Chapter 7 bankruptcy Tuesday in U.S. Bankruptcy Court in Baltimore, listing...

    Tags: Trials, Laws, Internal Revenue Service, Justice System, Companies and Corporations

    11. Mar 9, 2013 |Story| Baltimore Sun

  11. Experts question delay of IRS investigation into AccuPay

    An electrician sued a Bel Air payroll company five years ago, alleging that it failed to submit payroll taxes for his employees, so he wonders why it took until last week for the Internal Revenue Service to start an investigation.
    An electrician sued a Bel Air payroll company five years ago, alleging that it failed to submit payroll taxes for his employees, so he wonders why it took until last week for the Internal Revenue Service to start an investigation. "They know what's going...

    Tags: Trials, Montgomery County (Maryland), PlayStation Portable, Internal Revenue Service, Taxation

    12. Mar 2, 2013 |Story| Baltimore Sun

  12. Bankruptcy suit reveals details about Turner's tries to develop Westport waterfront

    The only residents of the Westport waterfront last week were a gaggle of geese that commandeered a large puddle amid the brush and broken asphalt. The only structure was a battered chain-link fence, capturing wind-blown litter along the perimeter.
    The only residents of the Westport waterfront last week were a gaggle of geese that commandeered a large puddle amid the brush and broken asphalt. The only structure was a battered chain-link fence, capturing wind-blown litter along the perimeter. By now...

    Tags: M.J. Brodie, Inner Harbor, Baltimore Development Corporation, Realty, Companies and Corporations

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