A Southern California high desert hospital has filed for Chapter 11 bankruptcy protection.
Officials with Victorville's 101-bed Victor Valley Community Hospital blame the California budget impasse in part for their financial woes, saying the state owes it $2.5 million in Medi-Cal reimbursements.
The bankruptcy filing Monday in Riverside says the hospital was $20 million in debt.
Prime Healthcare Services Foundation Inc., owner of Desert Valley Hospital, announced this week it has agreed to acquire Victor Valley Community.
The Victorville Daily Press says the hospital plans to remain open during reorganization and there are no plans for layoffs.
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Information from: Daily Press, www.vvdailypress.com
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/09/16/state/n083129D90.DTL&type=business#ixzz0zzloTtHd
Young Buck Files For Bankruptcy; Items Seized | Young Buck | Rap Basement
Young Buck Files For Bankruptcy; Items Seized | Young Buck | Rap Basement
Former G-Unit member Young Buck has reportedly filed for bankruptcy just weeks after his home in Tennessee was raided by the Internal Revenue Service (IRS). Better known to the government as David Darnell Brown, Young Buck filed for protection under chapter 13 of the bankruptcy code.
Items the IRS took...
• A "Breitling Bentley Watch with diamond face and band," said to be worth $31,000. • More than $20,000 worth of music-recording gear. • More than a dozen plaques, photos and other memorabilia related to albums by rapper 50 Cent, with who Brown has been in a feud for several years. • A portrait of rappers Lloyd Banks, Tony Yayo, 50 Cent, Eminem and Young Buck. • "G-Unit Beg for Mercy Award pictures." • "Faux fur men's light grey coat w/ 'YB Cashville' stitched inside." • Six televisions, including four with screen dimensions between 43 and 55 inches. • "Ms. Pac Man video game." • "Hand crafted snake skin purse from Nigeria." • "Indigenous Art from Australia." • "X-Box machine." (Brown complained after the raid that "they took my kids' Playstation.")
Former G-Unit member Young Buck has reportedly filed for bankruptcy just weeks after his home in Tennessee was raided by the Internal Revenue Service (IRS). Better known to the government as David Darnell Brown, Young Buck filed for protection under chapter 13 of the bankruptcy code.
Items the IRS took...
• A "Breitling Bentley Watch with diamond face and band," said to be worth $31,000. • More than $20,000 worth of music-recording gear. • More than a dozen plaques, photos and other memorabilia related to albums by rapper 50 Cent, with who Brown has been in a feud for several years. • A portrait of rappers Lloyd Banks, Tony Yayo, 50 Cent, Eminem and Young Buck. • "G-Unit Beg for Mercy Award pictures." • "Faux fur men's light grey coat w/ 'YB Cashville' stitched inside." • Six televisions, including four with screen dimensions between 43 and 55 inches. • "Ms. Pac Man video game." • "Hand crafted snake skin purse from Nigeria." • "Indigenous Art from Australia." • "X-Box machine." (Brown complained after the raid that "they took my kids' Playstation.")
Rebuilding Your Credit After Bankruptcy
Rebuilding Your Credit After Bankruptcy
Daniela P. Romero, Esq.
I’ve found that many people are worried about filing for bankruptcy because they are concerned about how long it will take to rebuild their credit. I often tell them that it is easier to rebuild their credit than they think because they will have gotten rid of many of the expenses that they had prior to the bankruptcy. Additionally, if you’re credit is already bad from excessive late payments, then bankruptcy will improve your credit rating after your debts are discharged.
The first thing you should do after your bankruptcy is discharged is get a credit card. You may be able to get an unsecured card, but if not, then you should get a secured card. If you continue to make your payments on time, then your credit rating with the credit bureaus will improve.
Next, you should obtain a secured line of credit, possibly with a store that sells electronics, televisions, refrigerators or other home goods. Make sure that you continue to make your payments on time. After about a year, you can apply for a car loan which will help rebuild your credit even further. Finally, about two to three years after your bankruptcy, you can apply for a home loan.
Rebuilding your credit after bankruptcy is not as hard as it seems. Taking the necessary steps I outlined above and continuing to pay your bills on time should put you on the road to good credit again.
Daniela P. Romero, Esq.
I’ve found that many people are worried about filing for bankruptcy because they are concerned about how long it will take to rebuild their credit. I often tell them that it is easier to rebuild their credit than they think because they will have gotten rid of many of the expenses that they had prior to the bankruptcy. Additionally, if you’re credit is already bad from excessive late payments, then bankruptcy will improve your credit rating after your debts are discharged.
The first thing you should do after your bankruptcy is discharged is get a credit card. You may be able to get an unsecured card, but if not, then you should get a secured card. If you continue to make your payments on time, then your credit rating with the credit bureaus will improve.
Next, you should obtain a secured line of credit, possibly with a store that sells electronics, televisions, refrigerators or other home goods. Make sure that you continue to make your payments on time. After about a year, you can apply for a car loan which will help rebuild your credit even further. Finally, about two to three years after your bankruptcy, you can apply for a home loan.
Rebuilding your credit after bankruptcy is not as hard as it seems. Taking the necessary steps I outlined above and continuing to pay your bills on time should put you on the road to good credit again.
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