In 2010, Joann Rodriguez suffered a health crisis precipitated by her multiple sclerosis. She could no longer keep her job with the AARP, but it took her two years before she received any disability benefits. After draining all of her retirement savings, she finally fell behind on her mortgage. Three weeks ago, Joann came home to find a note taped to her front door. It said that she has until March 28th to vacate her home. It is being foreclosed on by a Wall Street vulture
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.
The possibility that the Tribune Co. will sell its newspapers after its imminent exit from bankruptcy has set off a new round of speculation about The Baltimore Sun's future ownership — along with expressions of interest from potential buyers.
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.