Liner notes.A bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. has appointed SulmeyerKupetz APC (1) (American Power Conversion Corporation, West Kingston, RI, www.apcc.com) The leading manufacturer of UPS systems and surge suppressors, founded in 1981 by Rodger Dowdell, Neil Rasmussen and Emanual Landsman, three electronic power engineers who had worked at MIT. partner Howard M. Ehrenberg trustee for dispute between the City of Long Beach and Queen's Seaport Development, Inc., which owns the Queen Mary Queen Mary, Queen Marie, or Queen Maria may refer to: Queens Britain England
The company has been in bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most for one year, with a total debt of about $50 million. "It's a medium-sized bankruptcy in terms of dollars," Ehrenberg said, "but it's not medium size in importance to the people of Long Beach, because it involves the Queen Mary--and the 40 acres of good, developable land around it, that's really the subject of the bankruptcy." The City of Long Beach claims that the company owes them nearly $5 million in back rent, while Queen's Seaport says the city is going back on rent credits for capital improvements that it had approved earlier. Joseph Prevratil, president and chief executive of Queen's Seaport, welcomed Ehrenberg's appointment. "We're pleased that a trustee of Mr. Ehrenberg's caliber has come aboard and we hope he will be able to resolve the issues we have been unable to resolve to this point." Staff reporter Emily Bryson York York, former name of Toronto, Canada York, Ont.: see Toronto, Ont., Canada. York, city, England York, city (1991 pop. 123,126) and district, North Yorkshire, N England, at the confluence of the Ouse and Foss rivers. can be reached at (323) 549-5225, ext. 235, or at eyork@labusinessjournal.com. |
|
||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion