Tag: bankruptcy

Baltimore Clayworks Has Dodged Bankruptcy and is Reopening, Community Organizers Say

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Photo via Mount Washington Village Association

Mount Washington’s 37-year-old ceramic arts nonprofit is back from the dead.

Baltimore Clayworks to File for Bankruptcy, Shut Down

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Photo via Mount Washington Village Association

Baltimore Clayworks is calling it quits.

Bankrupt Ex-Raven Sells Super Bowl Ring

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Image via Goldin Auctions

 

Jamal Lewis, a running back who spent seven years with the Ravens, didn’t actually play on the 2012 Super Bowl winning team–but he got a Super Bowl ring anyway, when he was inducted into the team’s “ring of honor” in 2012. And on Sunday, Lewis sold that ring at auction for more than $50,000.

If You Could, Would You Bankrupt Your Private Student Loan Debt?

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I’ve got over $50,000 in student loan debt — all for a Bachelor’s degree in “Liberal Studies.” Then, after all the Liberal Studies factories shut down once the recession hit, I found it hard to get a good job. Once I ran out of forbearances I would fantasize about bankrupting the debt. Of course, with private student loans that’s impossible — or nearly so. (A Baltimore judge recently ruled to discharge $340,000 in student loan debt for a borrower who “suffered from a disorder that prevented her from working” — and made history doing so.)

Bowie Man Poses as Hank Paulson to Pay Off Mortgage

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This man gets points for chutzpah!

In 2009, 35 year old Bryan Gardner sent CitiMortgage a $353,000 fake money order “drawn on the account of the Secretary of the Treasury Hank M. Paulson, Jr.” for the full amount owed on his Bowie home. And it cleared!

According to Business Insider, Gardner then sold the property for $254,900 and distributed the proceeds to others. 

“You’d be amazed at how many people try and pass off (fraudulent) stuff. But does it ever work? No, it rarely works,” said Paul Pelletier, a former top-ranking official in the Justice Department’s Fraud Section, expressing surprise at the success of the scheme.

The evil genius Gardner filed for bankruptcy protection in February, and surrendered his Ford Expedition and Waldorf home. 

He has been charged with one count of mail fraud.

Read more: http://www.zerohedge.com/news/man-pretends-be-hank-paulson-make-fake-353000-mortgage-payment-citi-succeeds?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29&utm_content=Google+Reader#ixzz1VHlPt17X