Lee Enterprises, the troubled parent company of the Arizona Daily Star, announced Friday that it will file a “prepackaged” bankruptcy as it struggles to push back paying off its $1 billion debt. The company is declaring Chapter 11 bankruptcy after a minority of lenders refused to extend their loan terms.... Read more»
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2 comments on this story
Make no mistake about it…this is nothing more than Lee Enterprises playing a shell game to attempt to delay the inevitable.
The adjustable rate mortgage that I had before had me nearly to the brink of bankruptcy because of the never-ending payment increases. Now I have 3.18% fixed rate. I would absolutely recommend [some shyster loan operation that hires spammers to do their marketing] I worked with to anyone I know planning to refinance mortgage.
Sorry to hear of your travails, Jack. But I’m sure your new career as a spammer is paying off quite well. Happy holidays and don’t bother coming back - you’re already banned. Cheers! - ed.