Tag Archive for bankruptcy

Unfit for Office

We were hoping to never have to write about Art Pedroza ever again.  But his candidacy for a seat on the Orange County Board of Education (OC BoE) makes it necessary.  Readers know this blog won our second federal lawsuit against Mr. Pedroza in December 2011 for cybersquatting names associated with TheLiberalOC, some of our writers and…

Jail Time for Unpaid Debt?

CalWatchDog’s John Seiler has this story of a Stockton man who was arrested, dragged from his home by a SWAT team, because of a missed court appointment over unpaid student loans from his estranged wife.  The Minneapolis Star Tribune reports that arrests and jail time over unpaid debt is on the rise.  It begs the…

As expected: Register Parent Files Bankruptcy

Freedom Communications Inc., parent company of the Orange County Register, filed for Chapter 11 bankruptcy protection today. The action was taken in Federal Court in Delaware. The plan is to reorganize the company’s debt of $770 million down to about $325 million. Under the reorganization plan, a new board of directors and new CEO will…

Freedom Communiations May File Bankruptcy

The report was in the Wall Street Journal on Sunday, and I forwarded out a Tweet from OCWeekly yesterday evening. Here is the report from today’s Orange County Register. The Orange County Register’s parent, Freedom Communications, Inc. in Irvine, continues in talks with its lenders about restructuring $770 million in debt, Freedom officials said Sunday.…