On Man arrested for seventh OWI offense
Posted on October 12 at 3:37 p.m. ( Suggest removal )
The only "help" they need is administered by Jack Kavorkian.
On Beloit man arrested on burglary charges Monday
Posted on October 12 at 3:27 p.m. ( Suggest removal )
"A semi-automatic handgun", how rare!
On Simmons plans to file for bankruptcy protection
Posted on September 29 at 11:21 a.m. ( Suggest removal )
Zoom, read! "Even with the bankruptcy, Thomas H. Lee Partners still has profited from its Simmons investment, The Journal said. It paid itself two dividends of $375 million after it bought Simmons with an equity investment of $327 million."
Also, I know what a Chapter 11 is. It does not matter what form they file for you to apply what I said. If you consider a "dividend" part of your expenses, then when you fail to pay the other debt only to go into a Chapter anything it is deceptive. It is essentially like a business taking all revenue and relabeling them dividends or profit, paying all of the money to the owner of the business, and then telling all debt holders they are broke.
Janesvillean, we are not talking about Chap 7 or 13. You are correct in saying no real reform was made to Chap 11. Bankruptcy reorganization does not disallow paying dividends. Who do you think the shareholders are? You are also correct about the taxes as priority debts. However nobody was talking about taxes. In fact, the debt may be with suppliers, shippers, real estate, and or banks. Just stick to the facts of the original argument and you will be better off.
On Simmons plans to file for bankruptcy protection
Posted on September 27 at 12:15 a.m. ( Suggest removal )
So, let me get this straight. Simmons is owned by Thomas H. Lee Partners, who uses investor monies to buy a company so that it can pay itself a return on investment of a little over 100% as a "dividend" just before they file bankruptcy? A bankruptcy that allows the debt to be “restructured” forcing the taxpayers to essentially cover that dividend.
Is this the equivalent of the banks taking record profits just before the crash of the market they created? That is the equivalent of the banks taking those profits and then taking huge bailouts of taxpayer money?
On Darien board to meet about police chief
Posted on July 16 at 11:50 a.m. ( Suggest removal )
Malteese for Rock County Sheriff!
"Start over again in 2010"
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On Linn demotes police lieutenant
Posted on October 15 at 5:11 p.m. ( Suggest removal )
Here we go again! Darien has a companion, or should we say competitor in the fight to be given title "most screwed up police department in Wisconsin."