North Ridge Investment files Chapter 11 in Cleveland
North Ridge Investment Corp and 17 subsidiaries seek Chapter 11 protection in the U S Bankruptcy Court in Cleveland. The move stays lawsuits totaling about 24.0 million dollars, lists 412 creditors, and aims to craft a reorganization plan within 120 days while assets are valued around 30.5 million. Hertz, spokesman, notes the process will involve unsecured creditor committees and court-approved management.
MENTIONED IN THIS ARTICLE
North Ridgeville
North Ridge Investment Corp
Frank Dettore
Cleveland
U.S. Bankruptcy Court
Lorain County
Harlan Hertz
Dettore
North Ridge Investment
Hertz
Savings and Loan
Parole shock for killer in 1978 Berea youth death
Strongsville officials and prosecutors protested William T. Peterseim's release after the Ohio Parole Board granted parole following three years of an 11 to 45 year sentence for the 1978 shooting death of 15 year old Robert Squire. The decision drew anger from police Capt. Donald Hawk and others who argued he should not have been eligible and that notification to prosecutors was missed. Parole includes psychiatric treatment. Squire's father called the action outrages and incomprehensible.
MENTIONED IN THIS ARTICLE
Strongsville
Ohio Parole Board
William T. Peterseim
Berea
Common Pleas
John L. Angelotta
Parole Board
Peterseim
Donald Hawk
Max Senecker
Hawk
Robert Squire
Cuyahoga County
Donald Nugent
Nugent
Asst
Michael Corrigan
Squire
Alan P. Squire
Teens drive ends in crash at Elyria Country Club
Two teenagers in a stolen car were pursued by Elyria police until they ditched the vehicle on the fifth hole and fled before being captured. Police towed the car, four cruisers chased through the course, minor damage reported with greens undamaged and repairs set for Wednesday.
MENTIONED IN THIS ARTICLE
Elyria
Club
Rich Casabella
Casabella
Inmates hold 38 hostages at Graterford prison
Four inmates at Graterford State Prison continued to hold 38 hostages in the kitchen with no demands. Negotiators reported the men from a group led by Joseph Bowen were considering surrender but insisted they would not be harmed. Officials noted communications suggested discussions about releasing guards and staff.
MENTIONED IN THIS ARTICLE
Graterford, Pa
UPI
Graterford State Prison
Joseph Bowen
Weekend Weather Outlook for Local Area
Partly cloudy tonight with lows in the mid 40s. Saturday brings increasing clouds and highs of 65 to 70. Rain chance near zero tonight and about 10 percent Saturday. Southeast winds 10 to 15 mph tonight. Sunrise 6 56 a m Sunset 5 25 p m Details on Page A 3.
B 52 crashes in Colorado kills eight crewmen
An eight crewmen aboard a B 52D bomber were killed when the aircraft crashed on inaccessible rangeland southeast of La Junta Colorado during a low altitude training mission. The older plane had been based at March Air Force Base California and was slated for retirement under the Reagan administration.
MENTIONED IN THIS ARTICLE
LA Junta
Colo
Here
Air Force
Washington
March Air Force Base
California
Colorado
Pueblo
Deficit spending law could destroy area schools
Lorain County Superintendent Wayne Whyte warns state law banning school closures pushes districts toward deficit spending. He cites 10 percent loan interest, salary freezes, and reduced state aid as driving Columbia and others toward insolvency, with possible state takeover if loans fail.
MENTIONED IN THIS ARTICLE
Whyte
Lorain County
Wayne Whyte
Chronicle- Telegram
Whie
Columbia
Peer Oe Pean
Ohio
Also Mentioned on This Page
Herbal Starkey
Clarkwood Apartments
Mary K. Worells
Purdue Ave
Mary
Bob Bailie
Steve Fogarty
C-T
Marion Correctional Facility
William Peterseim
Elyria Country Club
Robert Wolfe
Bowen
Lawrence Reid
Philadelphia
Reid
Abby
Metro Park
Repewa
Jaycee Ad
Phil Hicks
Tte Gannata
Inan
Black River
State Department of Education
Frayne
WaanGue
Iine
Ohio School Board Association
Ht Me