Posts Currently viewing the tag: "Bankruptcy"

Famous fictional Scrantonian Michael Scott tried out an impromptu oral declaration of bankruptcy when he faced financial difficulties in Season Four of “The Office” (NBC-TV), but it turned out all he needed to do was to rein in his household’s spending. Unfortunately for taxpayers and elected officials in the real Scranton, they have…(Read More)

Detroit is the largest city to be forced to declare bankruputcy, in part due to union officials’ extorting huge sums of money from taxpayers to pay for incredibly lucrative pensions for city union members. Nathan Bomey, Brett Snavely, and Alissa Priddle, have the story in the Detroit Free Press.   The city of Detroit today…(Read More)

Judge Aquilina, who is in charge of the Detroit city bankruptcy filing, has ordered Governor Snyder to have the Detroit city’s emergency manager, Kevyn Orr, to withdraw the filing because it might “. . . impair . . . accrued pension plans. . . ” Since President Obama ordered taxpayers to bail out the auto industry, the…(Read More)

Despite concerted efforts, monopoly bargaining costs have forced HealthBridge Management, LLC, to file for Chapter 11 Bankruptcy, thanks to SEIU Local 1199 union bosses’ outrageous demands.  Jason Oliva has the story in Management LLC has filed for Chapter 11 bankruptcy protection for five of its Connecticut nursing home facilities, citing employee pension and…(Read More)

Kill sneaky union dues gambit Detroit News Online, 3/27/2012 State lawmakers are on the verge of calling a halt to the questionable setup that has allowed the Service Employees International Union to extract nearly $30 million in dues from 40,000 Michigan providers of home health care since 2007. The Economic Freedom of…(Read More)