Blog Posts in April, 2016

  • Arizona Power Plant Operator Sundevil Power Files for Bankruptcy

    Here's a reorganization case striking close to home. Sundevil Holdings LLC, which operates two gas-fired power plants in Gila Bend, Arizona filed for Chapter 11 protection, Reuters reported. The company, owned by private equity firm Wayzata Investment Partners, listed $100 million to $500 million of both assets and liabilities in its filing with the U.S. Bankruptcy Court in Wilmington, Del. The ...
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  • Company Accused of Preying on Student Loan Borrowers Files for Bankruptcy

    Here's a problem I am seeing more and more of as student loans skyrocket. As reported in the ABI Journal, Student Aid Center Inc. filed for bankruptcy last week, claiming between $500,001 and $1 million in assets and between $1,000,001 and $10 million in estimated liabilities, reported on Friday. The company is part of a burgeoning industry of student debt-relief firms that ...
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