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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.

 

 

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Traffic & Weather

 

 

Ferguson Road closed between 15th Street and King Solomon Lane. (6/13)

 

Round-About Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 

Lane closures, flaggers on Skyliners Road (5/25)

 
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