Eastwind Maritime is a significant shipping company based in New York. They own a fleet of a variety of cargo ships. They have filed for Chapter 7, which is immediate liquidation, not reorganization.
Meanwhile, Bloombama News Service says things are looking up since things are not falling as fast as they could be.
Another major advertiser on radio is preparing to file bankruptcy – the company that owned Tahiti Village, that “resort community” in Vegas giving away “free vacations” that was really selling people Time Shares… In fact, some of my earliest “polls” were about this company’s misleading ads. I wonder how Roseanne Barr feels today about her role.
Red Roof Inns has defaulted on $367 million in mortgage debt. They aren’t yet filing for bankruptcy, but that’s pretty likely. CitiGroup led the buyout of the company in 2007.
The company who counsels people on how to “get out of debt” has filed chapter 11. One news account mentions that the company is currently under investigation by the Attorney General. Expect that Dave Ramsey will have a LOT to say about this today. Debt Relief USA had advertised extensively on talk radio.
http://consumer.georgia.gov/00/press/detail/0,2668,5426814_94800056_135944239,00.html