George Noorey

ON AIR NOW

George Noorey

9:00pm - 12:00am

Contact
Local News


Thousands of companies file for Chapter 11 protection every year in the U.S. The Bend Bulletin is just one of the latest companies seeking protection from its creditors. Bend bankruptcy attorney Jon Basham says the Bend Bulletin is looking to renegotiate its $18 million in loans, it owes Bank of America. Chapter 7 is businesses shutting down, they are liquidating. They are not trying to restructure their debt. Chapter 11 wants to continue operating and restructure some debt. The Bend Bulletin has had to pay $2 million in penalties and fees to Bank of America over the last couple years. They hope to reorganize their debt over the next six months.

 

 

Share
Traffic

 

 

  • Click on the link for the latest conditions on the mountain passes.

 

  • North 3rd St >< Division and O.B. Riley Rd, single lane N-Bound (6/15-8/30)
  • South 3rd St >< Wilson and Reed Ln, single lane closures South Bound 5a-2p (8/30)
  • Construction at 27th Street . Northbound Lane Closed from Ferguson to Bear Creek.  Detour in place.
  • O.B. Riley Road South-bound lane closed south of Mervin Samples Rd (12/17)
  • Butler Market East-bound lane closed E of 4th St. for sewer construction. (12/17)