April 16, 2004

Fraud investigation of investment firm begins

SEATTLE, Wash. - CLS Financial Services of Lynnwood, a real-estate financing and investment firm, filed for Chapter 11 bankruptcy protection last week amid a state securities-fraud investigation that began in October.

CLS, led by President Jerry Vanhook, has several related businesses, including mortgage lender HomeSmart, loan-servicing firm Puget Sound Real Estate Services Group and Puget Sound Investment Group. Puget Sound Investment Group filed for Chapter 7 bankruptcy Thursday.


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The Wichita Eagle | 04/15/2004 | Chapter 11 sought by burger franchisee

Chapter 11 sought by burger franchisee

BY DAN VOORHIS

The Wichita Eagle


Burger King franchisees Doug and Sandra Day filed for Chapter 11 bankruptcy last week, owing more than $1.7 million, according to court filings.

They own 19 Burger King restaurants in Kansas, including 15 in the Wichita area, through four companies: DBR Inc., Day-By-Day Enterprises Inc., OneDay LLC and TwoDays Properties LLC.


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Posted on Thu, Apr. 15, 2004

April 13, 2004

U.S. Securities and Exchange Commission - What Every Investor Should Know ...

Corporate Bankruptcy
What happens when a public company files for protection under the federal bankruptcy laws? Who protects the interests of investors? Do the old securities have any value when, and if, the company is reorganized? We hope this information answers these and other frequently asked questions about the lengthy and sometimes uncertain bankruptcy process.


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Notice on the chart where unsecured creditors are listed.

Citigroup Is Top Underwriter for Firms Gone Bankrupt

April 13 (Bloomberg) -- The world's 10 biggest investment banks, led by Citigroup Inc., earned at least $1.28 billion in fees since 2000 underwriting securities for companies such as WorldCom Inc. and Enron Corp. that went bankrupt.


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PG&E is on the road to recovery

SAN FRANCISCO -- Pacific Gas & Electric Co. ended three years of bankruptcy Monday, closing an abysmal chapter in California's debilitating power crisis.

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euro adhoc: RHI AG / RHI reaches important settlement agreements regarding US Chapter 11 proceedings (E)

RHI and several RHI affiliates have entered into settlement
agreements with the previous owners of certain former affiliated US
companies and the companies themselves, which have been operating
under Chapter 11 of the US Bankruptcy Code since the beginning of
2002.

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