Celebrity clients scammed by convicted Ponzi schemer Kenneth I. Starr are being told by a court trustee to pay the felon for his “services.”

Starr, a Bronx accountant who amassed a roster of ­A-list clients — including director Martin Scorsese, photographer Annie Leibovitz and “Saturday Night Live” creator Lorne Michaels — was convicted in 2011 of money laundering and wire fraud in a $33 million scheme.

He filed for Chapter 7 bankruptcy just before he was sentenced to 7¹/? years in prison.

Now four years into the bankruptcy proceedings, court-appointed trustee Robert Geltzer has sued roughly 50 Starr clients, claiming they failed to pay bills...

At a New York City event earlier this year, former Treasury Secretary Larry Summers predicted that online lenders could capture 70% of the small business lending market. Why? The recent growth in the number of online lenders, including upstarts OnDeck and CAN Capital, that cater to small businesses that may not qualify for loans issued by traditional banks.

The latest company to tackle this area is Bond Street, a New York-based startup that issues loans of between one and three years to small to medium sized businesses. The company says its application process can deliver decisions in a day compared to traditional banks, which can take months to approve a loan.

On Thursday, Bond...

In April, four of the companys creditors forced Mallygirl into a Chapter 7 bankruptcy, claiming more than $2.2 million in debts. The case was subsequently converted to a Chapter 11 bankruptcy, indicating Mallygirl could reorganize its debts without liquidation.

Mallygirl was founded in 2005 by Mally Roncal, who describes herself as a longtime makeup artist to the stars. The company distributes products from a 50,000-square-foot warehouse in White Marsh and sells online at MallyBeauty.com.

Al Harrison files Chapter 7 bankruptcy

A longtime leader in North America’s watermelon industry has declared Chapter 7 bankruptcy.

The voluntary petition filed June 9 in Tucson, AZ, at the US Bankruptcy Court in the District of Arizona indicates that Al Harrison Co. Distributors, based in Nogales, has declared Chapter 7 bankruptcy. Court documents indicate that Harrison owes between $1 million and $10 million. The firm’s assets are indicated to be between $50,000 and $100,000.

Other court documents list 109 creditors. Among other types...

Bankruptcy lawyers are counting the take from the liquidation of the former RadioShack Corp., getting closer to final figures on the damage from the retailer’s collapse while fending off a bid to push them out of the case in favor of a trustee.

Lender Salus Capital Partners says the professional fees being rung up in chapter 11 bankruptcy are too high and that it is time to put the defunct electronics retailer into the hands of a chapter 7 bankruptcy trustee. Lawyers for the former RadioShack and its creditors say Salus…

Rockland Trust has made a flurry of hirings in its mortgage banking division, one of the first steps in an effort to boost its residential lending in eastern Massachusetts.

The bank (Nasdaq: INDB) announced this week that it had hired eight new senior loan officers for its mortgage banking unit. The division previously had 15 loan officers.

South Arkansas bankruptcies for the week ended Tuesday, June 16, 2015, according to the US Bankruptcy Court, Western District of Arkansas:


Julianne Rochelle Easter, 217 Wilson St., Magnolia; Chapter 13; bankruptcy filed June 10. Assets, $5,656. Liabilities, $19,987.11.

Emma Dean Rankin, 1075 Columbia Road 18, Taylor; Chapter 13; bankruptcy filed June 10. Assets, $7,650. Liabilities, $43,842.33.

Kennith Zane Gray and Mary Jane Gray, 80 Columbia 203, Magnolia; Chapter 7; bankruptcy filed June 11. Assets, $35,132. Liabilities, $47,836.99.


Rodrick Earl Williams, 182 Ouachita 85, Bearden; Chapter 13; bankruptcy filed June 10.


The line between credit unions and traditional banks has long been blurry, but it could soon get even blurrier.

The National Credit Union Administration has proposed changes to its member business lending regulations that would make commercial lending easier for credit unions, further chipping away at traditional banks’ business.

JENKINTOWN gt;gt; A man has been charged with racketeering for allegedly operating a payday lending business that violated state usury laws by charging exorbitant fees.

Adrian Rubin, 58, was charged with one count of conspiracy to violate the Racketeer Influenced and Corrupt Organizations Act, one count of conspiracy to commit mail fraud and wire fraud, and two counts of mail fraud and aiding and abetting mail fraud, according to a June 22 press release from the US Attorneys Office.

For more than a decade, from 1998 to 2012, Rubin owned, controlled, financed, and/or worked for multiple businesses that issued short-term payday loans, so called because they often are due on the borrowers...

NEW YORK (GenomeWeb) – Agilent Technologies said that the aggregate commitments under a credit facility forged last year have been increased to $700 million from $400 million. 

In a document filed with the US Securities and Exchange Commission on Wednesday, Agilent added that under the agreement reached in September 2014 with BNP Paribas as the administrative agent, it will retain the rights to further increase commitments under the five-year unsecured credit facility on one or more occasions by up to an aggregate of $300 million.