The owner of an organic dairy farm in Union has filed for bankruptcy, citing more than $350,000 in company debt and more than $670,000 in personal debt.

Caleb Harris, owner of Harris Hills Organic Dairy, filed the petition for Chapter 7 bankruptcy on Thursday, according to documents filed in bankruptcy court in Bangor.

After 100 years in business, a Bay Area formal wear company is closing up shop.

Selix Formalwear told its stores and employees Thursday that it would shutter its doors. People were scrambling Friday to find tuxedos in time for upcoming weddings.

Jennifer MacDonells brother is getting married next Saturday. When she took her sons to Selix Thursday to be fitted for their tuxedos, she got the bad news.

They wouldnt be able to do my brothers wedding, MacDonell said.

A Selix district manager said all six Bay Area stores are closing. The company had filed for Chapter 7 bankruptcy, but the owner did not follow through on his plan and so the next step is liquidation.

I...

Mangrove Partners Delivers Letter To Board Of Directors Of Home Loan Servicing Solutions, Ltd. Urging Termination Of HLSS’s Relationship With Ocwen Loan Servicing, LLC

Outlines HLSS’s Opportunity to Generate Significant Value for Shareholders by Forcing Servicing Transfers Away from Ocwen
Announces Intention to Nominate a Slate of Directors to the HLSS Board for Election at the Company’s 2015 Annual Meeting
February 09, 2015: 10:00 AM ET

NEW YORK, Feb. 9, 2015 /PRNewswire/ — The Mangrove Partners Master Fund, Ltd., a significant shareholder of Home Loan Servicing Solutions, Ltd....

Cash Money is an army? Im a one-man army. Lil Wayne came out swinging on the first trackfrom his Sorry 4 The Wait 2 mixtape, released Jan. 20. Similar to the original Sorry 4 The Wait, offered up to fans in 2011 as an apology for the delayed release of his studio album Tha Carter IV, the Sorry sequel comes instead of or in advance of (or both)the long-postponed Carter V album, originally announced to be in the works as early as 2012.

The Uptown-raised rappers frustration with the delay appears to have peaked in early December, when he unleashed a stream of angry tweetsclaiming to be a prisoner to his longtime label, saying that the albums delay was the fault of Cash Money Records and its co-founder,...

We applaud Judge Olsons decision, said Glenn Moses, attorney representing Kenneth A. Welt, a trustee overseeing the mall. Moses said Welt believes that the best way to maximize the value of the property is to sell it through open and competitive market conditions.

The propertys majority owner wanted to convert a Chapter 7 bankruptcy case, calling for liquidation of the assets, into a Chapter 11 bankruptcy case, which would have allowed for reorganization.

The Plantation mall was built in 1988 and once was a high-end shopping destination. Structural damage from Hurricane Wilma in 2005 contributed to the malls demise as retailers emptied out their spaces and sought other...

The future of Greater Washingtons Pinkberry frozen yogurt shops is a little less uncertain this week after a buyer purchased the assets of Pinkberry MidAtlantic, LLC with the intent of reopening the stores, according to the broker that ran the auction.

Pinkberry Midatlantic, LLC filed for Chapter 7 bankruptcy liquidation in late December, and the assets of the seven frozen yogurt locations owned by that franchisee went up for auction Tuesday.

The original bidders, Amandeep Brar and Kamran Ahmed, won the auction, purchasing the assets of the franchisee for $91,000. The buyers were also given about $103,000 in rent concessions from the landlords of the Pinkberry locations, for rent...

But a CommonWealth magazine article Thursday raised concerns that almost all of the cash gifts may be in violation of state ethics laws. Even the original $150,000 prize could be up in the air.

Massachusetts general laws limit gifts given to municipal employees to $50 or less. Charter school teachers, like Bollerman, are considered public employees and subject to the ethics laws.

A spokesman for the State Ethics Commission could not be reached for comment Friday night.

Bollerman also could not be reached.

Bollermans...

South Arkansas bankruptcies by county for the week ended Tuesday, February 10, 2015, according to the US Bankruptcy Court, Western District of Arkansas.

Columbia

Esther Lynn Taylor, A/K/A Esther Lynn Tadel, 860 E Columbia Rd 4, Emerson; Chapter 13; bankruptcy filed February 4. Estimated assets less than $50,000. Estimated liabilities less than $50,000.

Earnest Deotis Hildreth, A/K/A Pete Hildreth, 8521 Columbia 36, Magnolia; Chapter 7; bankruptcy filed February 5. Assets $11,325. Liabilities $99,921.

Lafayette

Ervin B. Flowers and Katherine Flowers, 15 Lafayette 293, Lewisville; Chapter 13; bankruptcy filed February 3.

Ouachita

Shawn Michael...

When I worked in poverty programs for Mayor Michael Bloomberg in New York, one of the hottest anti-poverty ideas was something called #x201c;asset building and financial literacy.#x201d; The idea was, to help low-income people who have trouble building up savings because they do not know how to budget their earnings and are unfamiliar with the practice of traditional banking. The mayor#x2019;s office expended great effort setting up financial counseling programs that offered low-income people an opportunity to receive guidance on how to budget, save and bank.

These efforts were well-intentioned, but they were small and very...

The groundbreaking organization, founded in 1999 by the dynamic husband and wife team of Cameron Sinclair and Kate Stohr, put public service architecture on the map, with roughly 60 chapters in the US and abroad. AFH also swooped in to rebuild communities after disaster struck. On January 22, AFH announced it was filing for Chapter 7 bankruptcy.

A board member, chapter leader, and others close to the organization say AFH was struggling financially for at least five years. Yet even the US chapters—which operated independently from the headquarters, had their own volunteers, did their own fundraising, and ran their own projects—were surprised. We knew something was up. We didn’t...