After spending more than four years embroiled in a contentious Chapter 11 bankruptcy case, the reorganized Tribune Co. will emerge Monday under new owners and a newly appointed board, freed from its massive debt and facing an uncertain future, officials said.
Ten months after the national mortgage settlement was hailed as a major step in reforming a broken system, some homeowners are getting aid — but some housing advocates say the overall results are not what they'd hoped.
Dunbar Armored has been in the armored car business for nearly 90 years. But the Hunt Valley-based company is now branching into a new way to protect banks' and businesses' money and valuables: cybersecurity.
Nearly 3,000 Maryland homeowners received almost $225 million in relief between the beginning of March until the end of June from the national settlement with five mortgage servicers, the state's attorney general announced Wednesday.
The federal judge in Tribune Co.'s long-running bankruptcy case said in a memorandum Friday that he would approve a reorganization plan proposed by the company and its largest creditors, overruling objections brought by numerous parties.
Maryland's attorney general said Friday that the nearly $60 million pot of money he controls from the national mortgage settlement would be spent only in ways designed to help homeowners and communities struggling with foreclosure.