Search / 20 results found

from
to

Omaha-based retailer Gordmans announced Monday that it has filed for chapter 11 bankruptcy and will liquidate all 106 of its stores, which include two in Colorado Springs. In the announcement, officials from the company stated that Gordmans Stores Inc. had “filed for voluntary relief under Chapter 11 of the United States Bankruptcy Code in the United States […]

  • Updated

Ultra Petroleum, former owner of 18,000 acres of undeveloped land in Banning Lewis Ranch, has made the news locally for settling a breach-of-contract suit with Rockies Express Pipeline. The terms of the agreement, according to a press release, includes $150 million to REX six months after Ultra emerges from its Chapter 11 proceedings, but must be […]

  • Updated

The Dallas Police and Fire Pension System Fund is tiny compared to the Colorado Public Employees Retirement Association, but its present dilemma may be instructive to the state’s often-beleaguered pension fund. Simply stated, the Dallas fund is nearly insolvent — so much so that it may drag the Texas city into bankruptcy. A recent editorial […]

  • Updated

Long-time Colorado Springs developer Jannie Richardson’s holdings will be sold in a bankruptcy auction March 12. Of the  21 properties around the country that belonged to the SRKO Family Limited Partnership and Richardson, seven parcels in Colorado Springs and Manitou Springs will sell. While the assets up for auction include a mix of commercial and […]

  • Updated

A Denver-based financial planner has launched a free website for people who may find themselves facing bankruptcy. Kenneth Nierman, owner and principal for Adversity Financial Planners LLC, set up the Center for Bankruptcy Planning website. The site allows free access to short topic questions and informative videos. While bankruptcy laws are federal, and common to all states, […]

  • Updated

The CEO of novelty ice cream maker Dippin’ Dots has stepped down as part of a bankruptcy agreement that will infuse enough cash into the company to keep it afloat until it can be sold. The move on Tuesday came after Regions Bank refused to loan the company any more money until CEO Curt Jones […]

  • Updated

The two Colorado Springs Borders Books locations seem to be safe from the chopping block as the giant bookseller filed for bankruptcy protection today, saddled by crushing debt while trying to adapt to a rapidly changing industry. The 40-year-old company plans to close about 200 of its 642 stores over the next few weeks. All of […]

  • Updated

The countdown has begun for Banning Lewis Ranch LLC, one in which it either reorders its finances and tries to get back to work or sells off what it can and dissolves away. In the wake of its Oct. 27 bankruptcy filing, the company has 120 days to file a reorganization plan that satisfies creditors […]