Monthly Archives: December 2011

Attorney General Candidate in Hot Water

Tom Horne, Arizona Republican candidate for State Attorney General, is taking heat for his failure to report a previous bankruptcy when filing annual reports between 1997 and 2000 for his law firm. The forms, which must be filed with the Arizona Corporation Commission, ask whether any partner in the law firm had ever been a partner in a business that had declared bankruptcy. Horne checked the “no” box, then signed and submitted the forms. But Horne was in fact [...]

By |2011-12-11T11:41:52+00:00December 11th, 2011|Categories: Uncategorized|Comments Off on Attorney General Candidate in Hot Water

Arizona-based Bashas’ Supermarkets Still Plans to Exit Chapter 11 Bankruptcy in July

Nearly a year after Bashas’ Supermarkets filed for Chapter 11 bankruptcy, the company announced that it would still exit bankruptcy in late July, despite recent financing problems. Bashas’ may need to exit bankruptcy before all of the financing is lined up to pay off its creditors. Bashas’ is working with investment banks to find the “take-out financing” they need to pay off nearly $200 million to banks and note holders. While the company had previously reported a favorable [...]

By |2011-12-08T11:34:30+00:00December 8th, 2011|Categories: Uncategorized|Comments Off on Arizona-based Bashas’ Supermarkets Still Plans to Exit Chapter 11 Bankruptcy in July

Teacher Hit with Quarter Million Dollar Tax Bill

Come on, admit it – you’ve “Googled” yourself to find out what information might be floating around on the internet about you. If you haven’t, you probably should; Molly Wotring, a part-time elementary school teacher from South Carolina recently Googled herself for fun – but what she found didn’t leave her laughing. According the South Carolina tax department, Molly was listed as the fifth largest tax delinquent in the state, which claimed that she owed $225,253 for the [...]

By |2011-12-05T11:25:18+00:00December 5th, 2011|Categories: Uncategorized|Comments Off on Teacher Hit with Quarter Million Dollar Tax Bill

How do Wealthy Americans get into Trouble with the IRS?

The staff at USA Today recently dug into the federal tax lien files in several of the country’s wealthiest zip codes – including Beverly Hills and Malibu, California and Greenwich, Connecticut. What they found were hundreds of the nations’ wealthiest people living in multi-million dollar homes yet suffering from tax problems with the IRS.  So how do the richest people in America get in trouble with the IRS? Some start having financial problems due to business missteps, excessive [...]

By |2011-12-02T11:14:57+00:00December 2nd, 2011|Categories: Uncategorized|Comments Off on How do Wealthy Americans get into Trouble with the IRS?