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Lender calls in $10.7M loan on Newtown senior care center

Lenders have asked court permission to seize the Homesteads at Newtown, an assisted-living center for seniors that caters to residents with Alzheimer’s disease.

Red Roller gets a flat

The same week it was designated one of Connecticut’s software companies “to watch,” Stamford-based RedRoller Inc. filed for protection from creditors in a Chapter 11 financial restructuring.

Going, going …

The imminent closure of the Steve and Barry’s discount clothing outlet in Kingston marks a new chapter for the once hugely successful discount clothing franchise, but also raises the question: What’s next for the Kingston Plaza?

WCI Communities files for Chapter 11

WCI Communities Inc, a Florida-based developer of luxury homes and condominiums with an office in Valhalla, has filed for Chapter 11 bankruptcy protection, claiming it owes approximately $1.9 billion to more than 50,000 creditors against roughly $2.2 billion in assets.

Bankruptcies on the rise

A mini-bout of business bankruptcies has spread to Fairfield County’s bastion of high-finance.

BAXL files for bankruptcy protection

A year after changing its name from Merlot Communications, a subsidiary of BAXL Holdings Inc. filed for bankruptcy protection from creditors as it attempts to clean its balance sheet of red ink – while sacking most of its staff without severance.

Tile company files Chapter 11

Blaming the housing market slowdown, flooring and wall tile importer IWT Tesoro Corp. filed for Chapter 11 bankruptcy protection.

Reorganization won’t affect St. Vincent’s Westchester, official says

A bankruptcy reorganization begun by Saint Vincent’s Catholic Medical Centers (SVCMC) of New York will not affect hospital and clinic operations and services in Westchester County, a SVCMC spokesman in Manhattan said last week.

Blue Tulip wilts

Holiday shoppers at the Blue Tulip store in Bronxville were pleasantly surprised to find prices steeply discounted in late December.