Business Services Industry
Aberdeen Finance Corp. Files for Chapter 11 Bankruptcy.
Knight Ridder/Tribune Business News, June, 2004
By Scott Waltman, American News, Aberdeen, S.D. Knight Ridder/Tribune Business News
Jun. 11--A business operated by a former Aberdeen mayor has filed for bankruptcy.
Aberdeen Finance Corp. filed for Chapter 11 bankruptcy late last month.
Tim Rich, mayor for more than 13 years until 1999, has long been a top executive for the business.
Chapter 11 bankruptcy requires a business to reorganize its debts and develop a court-approved plan for repayment.
Sioux Falls attorney Patrick Dougherty is handling Aberdeen Finance's bankruptcy proceedings. He said the business, 18 Third Ave. S.E., is still open and will remain open. "We intend to repay our creditors," Dougherty said.
Dougherty said Rich asked him to answer...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
