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SOS Files for Bankruptcy
The stalwart defenders of Barton Springs reorganize in face of court loss.
DAILY News  April 10, 2007, by Wells Dunbar
"...Here's SOS' press release: SOS Alliance Files for Reorganization in Face of Collection Efforts by Sweetwater Ranch Developers Following the Texas Supreme Court’s refusal to hear its petition for review in the case Save Our Springs Alliance v. Lazy Nine Municipal Utility District, the Austin-based non-profit conservation group today filed for reorganization in federal bankruptcy court..."

The Hollars
Domestic dramedy has flashes of magic
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Film Review  September 16, 2016, by Marjorie Baumgarten
"...He returns to his family in Ohio after learning of his mother Sally’s (Martindale) diagnosis of brain cancer. His father (Jenkins) is a mess because of his wife’s condition, as well as the approaching bankruptcy of his business (which he thinks he is keeping a secret from everyone)..."

Breathe In
A comely British exchange student in upstate New York upsets a cozy family dynamic.
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Film Review  April 18, 2014, by Marjorie Baumgarten
"...Fine performances barely make up for this melodrama’s narrative bankruptcy. From the first thunderclap and heavenly downpour, you know where this soggy tale is headed – and it’s nowhere good or original..."

Local Game Studio Vigil to Close
A victim of parent company THQ's bankruptcy
DAILY Screens  January 23, 2013, by James Renovitch
"...The death throes have subsided for gaming developer and publisher THQ which filed for bankruptcy last month. The studios that comprise it have largely been sold off in an auction, but local studio Vigil did not make the sale, leaving it to linger in Chapter 11 limbo...."

Into the Vault
And the new owner of Antone's Records is...
DAILY Music  March 15, 2010, by Austin Powell
"...After filing for Chapter 11 bankruptcy protection in Nov. 2008, the assets of Antone's Records, Texas Music Group, and Texas Clef Entertainment – a total of about more than 130 albums – were auctioned off by the United States Bankruptcy Court, Western District of Texas, on Monday morning...."

The Goods: Live Hard, Sell Hard
Jeremy Piven stars in this swift-moving, cynical, equal-opportunity offender about a team of used-car liquidators.
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Film Review  August 14, 2009, by Marjorie Baumgarten
"...Starring: Jeremy Piven, Ving Rhames, James Brolin, David Koechner, Kathryn Hahn, Jordana Spiro, Ed Helms, Rob Riggle, Alan Thicke, Charles Napier, Jonathan Sadowski, Ken Jeong, Craig Robinson and Wendie Malick. Despite a rotten title and a bottomless reserve of cynical, scattershot humor, The Goods: Live Hard, Sell Hard is a swift-moving, equal-opportunity offender about a team of used-car liquidators hired to save a Temecula, Calif., dealership from bankruptcy with a Fourth of July weekend blowout sale..."

Won't Somebody Think of the Children?
Skating Rink at Northcross says RG4N's putting them on ice
DAILY News  February 15, 2007, by Wells Dunbar
"...You see, they apparently planned to move into the vacant Bealls department store in Northcross prior to the controversy and now fear if RG4N succeeds, they'll be out. “We want all those who are contributing to RG4N’s litigation against the city of Austin and Lincoln Properties to know that they are helping to fund the possible bankruptcy of at least one of the local businesses they claim to be protecting,” says Collins..."

Daltry Calhoun
Johnny Knoxville stars in this slapdash tale of wacky Southerners and midlife crises that feels like a compilation reel of Blue Collar TV outtakes and Coen Brothers-lite quirkiness.
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Film Review  September 23, 2005, by Marc Savlov
"...Those expecting some of QT’s nonnegotiable flair to crop up will find their patience sorely tested by this slapdash tale of wacky Southerners and midlife crises that boasts several fine performances but, on the whole, feels like a compilation reel of Blue Collar TV outtakes and Coen Brothers-lite quirkiness. Knoxville plays the titular scoundrel Calhoun, a Southern seed-and-sod magnate who in reality is teetering on the edge of bankruptcy..."

Message to Love: The Isle of Wight Festival
We want the world and we want it now. When did the Woodstock generation start believing its own hype and, what's more, when did it quit? Message to Love: The...
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Film Review  June 20, 1997, by Marjorie Baumgarten
"...But the remarkable aspect of this documentary is the footage wrapped around the concert performances. It's a haunting portrait of bankruptcy in both the spiritual and financial senses..."

Kids in the Hall: Brain Candy
Canadian comedy troupe hits the big screen with this movie about the humorous side effects of a new drug.
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Film Review  April 12, 1996, by Marc Savlov
"...What there is of a plot concerns drug researcher Dr. Chris Cooper (McDonald), whose new anti-depressant, Gleemoxen, is pushed through to overnight availability to save Roritor Pharmaceuticals from bankruptcy..."

Mighty Aphrodite
Mighty Aphrodite may take its thematic and structural cues from Greek tragedy, but it's second-rate Borscht Belt all the way. The story of a successful sportswriter who searches out the...
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Film Review  November 10, 1995, by Steve Davis
"...When Sorvino's onscreen, Mighty Aphrodite has a sweet punch to it, an attribute that Allen seems intent upon constantly undermining with narrative ploys like a real Greek chorus that comments on the plot's developments like a two-bit Catskill comedian. While some have judged that, in light of recent developments in his personal life, Allen has become morally bankrupt, Mighty Aphrodite is further proof that the bankruptcy may be artistic, as well...."

Heavyweights
“He Ain't Heavy, He's My Bunkmate” could be the theme song for Steven Brill's directorial debut Heavyweights, a film about a camp for overweight (weight-challenged?) boys. Predictably upbeat as a...
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Film Review  February 24, 1995, by Alison Macor
"...“He Ain't Heavy, He's My Bunkmate” could be the theme song for Steven Brill's directorial debut Heavyweights, a film about a camp for overweight (weight-challenged?) boys. Predictably upbeat as a Disney product, Heavyweights does offer some entertaining dialogue and a few fun performances, such as Ben Stiller's Tony Perkis, the fanatical dictator who takes control of Camp Hope after the former owners Harry and Alice Bushkin (portrayed in cameo roles by Anne Meara and Jerry Stiller, Ben's parents) file for bankruptcy..."

Dark Obsession
Oh, the moral bankruptcy of the British upper classes. Dark Obsession is the latest movie to emphasize this point. It's not a novel commentary but it does deliver it with...
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Film Review  August 16, 1991, by Marjorie Baumgarten
"...Starring: Gabriel Byrne, Amanda Donohoe, Struan Rodger and Douglas Hodge. Oh, the moral bankruptcy of the British upper classes..."

Going for Broke
Fruit Salad Days
Music Story  June 17, 1999, by Andy Langer
"...If there's a hard and fast lesson other indie labels can take from Watermelon's morality play, it's that the power of distribution and retail can never be overestimated. There isn't one party, from Watermelon's owners to its artists, that doesn't cite mid-Nineties retail trends as the primary cause of the label's bankruptcy..."

Can Schlotzsky's Be Saved?
John Wooley and the battle to bring Schlotzsky's back to life
News Story  October 8, 2004, by Amy Smith
"...Moreover, the deli chain's franchise owners on the competitive battlefront were threatening revolt – an occupational hazard of the industry when companies are in decline – and the board appeared to be drawing on those complaints to confirm their hunches about a couple of things: One, that after 23 years at the top, Wooley and his brother, Jeff Wooley, the senior vice president, could no longer lead the company. And two, that a Chapter 11 bankruptcy filing seemed to be the only way out of this mess...."

Can Lazarus Rise Again?
Gary Bradley faces bankruptcy, and Austin wonders if he'll survive and thrive one more time.
News Story  October 11, 2002, by Amy Smith
"...Until just a few weeks ago, the more cynical folks keeping tabs on Gary Bradley's bankruptcy were giving odds that the high-rolling developer would coast through the process, win a dismissal of his $73 million debt to the taxpayers, and be back in action the very next day. End of story...."

The Common Law
Personal Finances – Should I consider personal bankruptcy?
Columns  January 30, 2004, by Marvin Sprouse
"...I have asked Marvin Sprouse, an associate with the law firm of Jackson Walker LLP, to be a guest columnist for today's bankruptcy topic. Marvin has worked as a bankruptcy attorney for five years..."

Lazarus, Come Forth
The Gary Bradley bankruptcy trial pits a creditor theory of financial manipulation against a Bradley defense of innocent bookkeeping errors
News Story  April 30, 2004, by Amy Smith
"...Gary Bradley has had a heady, 25-year run as a real estate rainmaker with a reputation for finessing his way in and out of elaborate business deals. Yet, in Bradley's equally elaborate bankruptcy trial, now in its second week, he and his lawyers insist that finances and mundane business details were simply not Bradley's natural strengths – hence his lamentable collision with Chapter 7...."

Schlotzsky's on the Block: End Game?
Schlotzsky's to auction, John Wooley says the company's reported losses happened after his watch
News Story  November 19, 2004, by Amy Smith
"...The company's fired CEO John Wooley, who remains Schlotzsky's largest shareholder, has been predicting such an outcome since the company filed for bankruptcy Aug. 3, when its shares were worth $7.3 million..."

Lining Up for Schlotzsky's
Potential buyers queue up as bankruptcy court gives green light
News Story  September 24, 2004, by Amy Smith
"...It took some last-minute dealmaking in the courthouse corridors, but Schlotzsky's Inc. finally gained clearance on Tuesday to hire its chosen financial adviser to help steer the deli franchiser out of bankruptcy...."

Gary Bradley, Homeless Man
The IRS prepares to seize the developer's (mold-ridden) Lake Austin pad
News Story  April 9, 2004, by Amy Smith
"..."It's infested with mold and it's uninhabitable," said San Antonio lawyer Ray Battaglia, who represents Bradley in a labyrinthine bankruptcy case involving more than $75 million owed to the federal government for failed loans and back taxes. About $4.5 million of that is owed the IRS, but Battaglia says he doubts the government will reap much of a profit from the condo, despite its nearly $500,000 value..."

Gibraltar v. Bradley
The Gibraltar case could be a road map for the FDIC vs. Bradley.
News Story  October 11, 2002, by Amy Smith
"...Circle C Land Corp. responded by filing for Chapter 11 bankruptcy protection...."

Judge: Let's Bust Bradley's Trust
Bankruptcy ruling opens up developer's assets to creditors
News Story  November 5, 2004, by Amy Smith
"...In the end, a federal case built almost entirely on circumstantial evidence proved far more credible than the sworn testimony of Gary Bradley and his business cronies, a U.S. bankruptcy judge determined in a ruling handed down last week..."

Bradley's Lazarus Lotto Goes to Court
Gary Bradley's bankruptcy trial features the spectacular rise of the Lazarus Trust
News Story  April 23, 2004, by Amy Smith
"...Anyone who followed the fanfare leading up to this week's bankruptcy trial of Gary Bradley may have been disappointed after settling into one of the extra-firm wooden benches in U.S. Bankruptcy Court..."

Poor, Bankrupt Bradley
News Story  August 23, 2002, by Amy Smith
"...Will the federal government take pity on a guy who owes $77.5 million in unpaid loans and taxes? Gary Bradley hopes so. The flamboyant developer, who rose to local fame during the frenzied Eighties boom and bust, would like to see those debts wiped out as part of his Chapter 7 bankruptcy proceeding..."

What's Next for Bankrupt SOS?
Staff says life will go on, but tactics may change
News Story  April 19, 2007, by Wells Dunbar
"...Last week, the environmental activist group Save Our Springs Alliance announced that it's filing for bankruptcy reorganization in federal court. The clean-water watchdog recently suffered the largest financial blow in its decade-and-a-half history, when the Texas Supreme Court refused to hear SOS' appeal of its lawsuit against the Lazy 9 Municipal Utility District, and its Sweetwater development, and ordered the organization to pay the MUD's attorney fees of $294,000...."

The Hightower Report
All-American Spam adopts an English accent; and big airlines stiff their workers
News Column  December 3, 2004, by Jim Hightower
"...You should strut your stuff as one of the good things from America. Instead of Bush's gunboat diplomacy, show the world Spam diplomacy!ROBBERY BY BANKRUPTCY Why is it that when George W..."

Total Entertainment Package
Rockin' out with Austin's Latin-metal crossover darlings
Music Story  August 18, 2000, by Andy Langer
"...In radiospeak, they've nearly "closed the grid." Add the fact that stations in major markets such as Atlanta, Boston, and Chicago have already committed to playing the song too, and last week's Lucky Lounge bash couldn't help being upbeat. In fact, it felt like a bar mitzvah and the payoff for just over 13 years of basement jams, empty clubs, dashed dreams, and a nasty Chapter 7 bankruptcy...."

SOS Wins Ammo in Gunn Fight
After a few bad years, SOS finally wins a court case
News Story  September 12, 2008, by Amy Smith
"...At least that's the way it looked Monday after a Travis Co. judge threw out a $300,000 judgment that drove the group into bankruptcy last year...."

Shareholders Swallow Schlotzsky's Meal Deal
Fire sale leaves sandwich-chain investors with an empty plate
News Story  December 17, 2004, by Amy Smith
"...7 auction in Dallas. A bankruptcy judge in San Antonio approved the sale the following day, and the week's events were topped off by a heated shareholders meeting at the Doubletree Guest Suites in Austin, where Coats made the announcement...."

The Hightower Report
How to Bankrupt a Media Company and Survive; and Diminishing the Stench in Congress
News Column  December 26, 2008, by Jim Hightower
"...To pay the bankers, he's been butchering his own product by slashing newsroom staffs and trying to substitute marketing for journalism. This strategy hasn't worked, and now he has had to push the company into bankruptcy...."

Privacy and Politics in HD-17
GOP mailer hands out Dem candidate's social security number
DAILY News  October 29, 2008, by Richard Whittaker
"...The Republican Party of Texas sent out an attack mailer against Dippel, showing that he'd once filed for bankruptcy. However, their attempts to black out Dippel and his wife's social security numbers were, eh, let's be generous, completely unsuccesful and the numbers are still visible...."

Naked City
News Story  November 9, 2007
"...• A developer wanting to collect a $294,000 judgment against the Save Our Springs Alliance is challenging the group's Chapter 11 reorganization plan, claiming SOS is seeking bankruptcy protection to shirk responsibility for filing a "frivolous" lawsuit against him. SOS leaders and developer Bill Gunn, who's building a large subdivision in an ecologically sensitive area of western Travis County, met Monday in U.S..."

Maxed Out
A documentary about our credit-card mess and some of the casualties of debt.
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Film Review  March 16, 2007, by Josh Rosenblatt
"...He doesn’t have to look far, what with George Bush nominating the former chairman of a credit-card issuer that was found guilty of defrauding its customers to a post as the new “corporate cleanup czar” and MBNA (“the world’s largest independent credit card issuer” and Bush’s No. 1 campaign contributor) writing our anti-bankruptcy legislation..."

Naked City
A pivotal hearing in the sandwich chain's Chapter 11 bankruptcy proceeding
News Story  September 10, 2004, by Amy Smith
"...Attorneys for stakeholders on both sides of the Schlotzsky's bankruptcy case had been scheduled to present arguments Wednesday on a number of motions that could ultimately determine which path the sandwich company follows out of Chapter 11. But consideration of the weightiest issues in the case has now been postponed to allow more time for negotiation between the warring parties..."

No Clear Winner as Bradley Trial Wraps Up
Will developer's bankruptcy case end with a split decision?
News Story  May 7, 2004, by Amy Smith
"...At its simplest, a ruling in the Gary Bradley bankruptcy trial would turn either on a circumstantial case based on a series of fishy transactions, or conversely on the testimony of nearly a dozen witnesses who denied even a whiff of wrongdoing. But given the knotty nature of the two-week trial, which delved into decades-old land deals and yellowing ledger sheets, the ruling – expected this summer – could take on multiple dimensions...."

Naked City
Bradley Loses the Ranch
News Story  June 27, 2003, by Amy Smith
"...U.S. Bankruptcy Judge Frank Monroe determined that subsidiaries of the Lazarus Trust -- the centerpiece of the Bradley case -- did not have legal claims to the long-disputed ranch property south of Austin...."

The Battle for the Springs: A Chronology
News Story  August 9, 2002
"...In wake of bankruptcy of Connally and Barnes, Freeport-McMoRan Inc. buys 2,200 acres of the former Barnes-Connally development, the Estates of Barton Creek (which include the Barton Creek Country Club and an 18-hole golf course), for $60 million from Community Federal S&L of St..."

Texas Music Group
TMG label rises from the ashes of Watermelon and Antone's.
Music Story  September 29, 2000, by Jim Caligiuri
"...For its part, Watermelon was founded two years after Antone's start-up, in 1989, when singer-songwriter Robert Earl Keen, Waterloo Records owner John Kunz, and Geissler, an exporter of rock & roll books, released the Austin Lounge Lizards' Highway Cafe of the Damned. Keen sold his share of the label to a silent partner in 1991, and from that point on, until the label declared bankruptcy on the last day of 1998, the local indie released an average of 10-15 albums a year, including the cream of local talent: Alejandro Escovedo, Tish Hinojosa, Don Walser, Monte Warden, Santiago Jimenez Jr., the Derailers, and many more...."

Abducted by Aliens?
Credit Card Clue
News Story  November 20, 1998, by Robert Bryce
"...Given that fact, why, in the days before they disappeared in San Antonio, were Jon and Robin using their credit cards for cash withdrawals? According to records from the U.S. Bankruptcy court, Robin left town owing $30,075 on nine different credit cards (not counting a couple of department store cards)..."

Culinary Ladies of the Eighties: Sharon Watkins
Chez Zee maven looks forward to another 25 years
DAILY Food  December 5, 2014, by Virginia B. Wood
"...When the bottom fell out of that particular real estate boom, the Chez Fred chain contracted just as quickly, closing some outlets and filing for bankruptcy in 1986. Watkins' agency was one of their largest creditors..."

'Grossly Inaccurate Financial' Reporting
Postmarks  March 3, 2014
"...The Kamburis brothers sold Flipnotics in April, 2009. The corporation which held this interest later filed for bankruptcy months later, after the sale of Flipnotics..."

The Hightower Report: Fixing American Airlines
Blame outsourcing and downsizing for questionable fleet maintenance
News Column  November 30, 2012, by Jim Hightower
"...But that's what the top bosses of this once-proud airline have been doing for months as they continue to downsize its skilled workforce, outsource essential jobs, and generally demoralize the people who make an airline successful. Having plunged the corporation into bankruptcy last year, the geniuses in American's executive suite decided that the way to fix the airline's financial mess and restore public confidence in its service was to force more cuts on the employees who provide the services...."

Food-o-File
Host your own Tex-Mex Super Bowl party, buy your sweetie a heart-shaped pie or pizza pie, or discover other food news
Food Column  February 4, 2011, by Virginia B. Wood
"...Chapter 11 bankruptcy filings allow businesses to reorganize their finances and attempt to continue operations. The strategy doesn't always work out (witness the recent closing of Downtown mainstay Katz's Deli), but the fall bankruptcy filing by the founders of the homegrown Mangia pizza chain appears to have the parent company on the road to recovery, even though it caused some confusion for longtime patrons..."

Don Walser’s Legal Saga Comes to an End
Judge rules for family for breach of contract, but not rescission
DAILY Music  January 25, 2011, by Austin Powell
"...The Walsers are MOST pleased with the overall outcome of this journey in which their lawsuit ultimately forced the debtors into bankruptcy which in turn:..."

Off the Record
The estate of Don Walser and Southbound's Lowkey both get their respective days in court
Music Column  June 4, 2010, by Austin Powell
"...After three days of trial and testimony earlier this month, the final showdown in the lawsuit filed by the estate of late country yodeler Don Walser against his former record labels Antone's Records, Texas Music Group, and Texas Clef Enter-tainment took place last Wednesday, May 26, at the United States Bankruptcy Court, Western District of Texas, as both sides laid out their final arguments. The three local music enterprises are being charged with breaches of contract and fiduciary duty by the Walser estate, which aims to "pierce the corporate veil" and hold primary shareholder James Heldt personally responsible for the damages..."

Off the Record
Checking in to South by Southwest 2010
Music Column  March 19, 2010, by Austin Powell
"...New West Records now owns the catalogs of Antone's Records, Texas Music Group, and Texas Clef Entertainment following an auction by the United States Bankruptcy Court, Western District of Texas, on Monday morning. Edging out comparable bids by Concord Music Group and Ramser Media, the $250,OOO transaction encompassed the rights to more than 130 albums, including seminal works by Alejandro Escovedo, Tish Hinojosa, Lou Ann Barton, Toni Price, the Derailers, and Doug Sahm, that paint a detailed portrait of the local music scene..."

Mackey Annotated
News Column  August 21, 2009, by Michael King
"...These dire and misleading warnings have simply become reflexive weapons in the political attack on health care reform. More to the point of "bankruptcy," health care expenses are now the leading cause of personal bankruptcy in the U.S., a crisis to which Mackey is apparently blind...."

The Hightower Report
One Serious Illness Away; and The Union-Made Miracle
News Column  June 26, 2009, by Jim Hightower
"...Researchers from Harvard and Ohio State recently conducted a national, random-sample survey of more than 2,300 families who filed for bankruptcy in 2007. As reported in the American Journal of Medicine, 60% of those families were forced into bankruptcy by high health-care bills..."

Off the Record
Facing charges by the estate of Don Walser, three local music entities declare bankruptcy even as Julian Koster spreads holiday cheer
Music Column  November 28, 2008, by Austin Powell
"...Facing charges of fraud and breaches of contract and fiduciary duty by the estate of beloved yodeler Don Walser, who died in 2006, three local music corporations – Texas Music Group, Antone's Records, and Texas Clef Entertainment – filed for Chapter 11 bankruptcy protection on Nov. 18, but the individuals sued in the case – Heinz Geissler, Randy Clendenen, and James Heldt – have not..."

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