bankruptcy

Remington AR-15
Phil White / TFB

The city of Huntsville is reiterating its support for a firearms manufacturer that recently filed for bankruptcy.

Huntsville officials released a statement yesterday saying its economic development team will continue engagement with Remington. The company filed for Chapter 11 bankruptcy protection Sunday.

The statement also acknowledges Remington has fallen behind on job-hiring obligations tied to financial incentives it receives from the city.

Jefferson County's Money Woes To Close Hospital

Aug 28, 2012
nelsonglass.com

Financially troubled Jefferson County plans to quit admitting patients to its hospital for the poor. The County Commission voted 3-2 Tuesday to end inpatient care at Cooper Green Mercy Hospital. The county also asked a bankruptcy court judge to stop a lawsuit by the city of Birmingham that seeks to keep the hospital operating. The county filed for Chapter 9 bankruptcy in November, citing more than $4 billion in debt. It was the largest municipal bankruptcy filing in U.S. history. Commissioners said the county could no longer afford to underwrite the hospital.

For Stockton, Calif., Bankruptcy 'Freezes Everything'

Jul 20, 2012

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