YVSM In The News
Clark Turner Homes Files for Chapter 7 Bankruptcy
Clark Turner Homes LLC has filed for voluntary Chapter 7 bankruptcy protection, a turnaround for the Harford County developer that once hoped to gain from a projected population boom around Aberdeen Proving Ground amid the military’s Base Realignment and Closure program. Belcamp-based Clark Turner Homes listed liabilities between $1 million and $10 million in a…
Read MoreCommunity Groups Reach Settlement Over Wizig Vacants
By Natalie Sherman Baltimore Sun Six community groups that had been battling companies connected to a Texas businessman and dozens of vacant properties in Baltimore said Thursday they had reached a settlement, in which the owners agreed to clean-up the properties and pay $85,000. A Baltimore City Circuit Court judge ordered clean-up of the eyesores…
Read MoreYumkas, Vidmar, Sweeney & Mulrenin Establishes Columbia Law Office
Yumkas, Vidmar, Sweeney & Mulrenin, LLC, has established its primary office in Downtown Columbia and relocated its Annapolis operations. The Central Maryland-based law firm includes top-rated attorneys who handle the needs of clients seeking business advice and help with resolving business disputes. In addition to counseling thriving businesses, YVSM attorneys are noted for their extensive…
Read MoreLocal investors trump original winning offer for 1st Mariner
By: Lizzy McLellan, Daily Record Business Writer/ April 15, 2014 Lawrence Yumkas, left, and Robert T. Schmidt, representing First Mariner Bancorp, walk into bankruptcy court Monday morning. The Daily Record/Maximilian Franz 1st Mariner Bank will remain in local hands after a last-minute deal Tuesday resulted in a reopened auction and the initial winning suitor withdrew.…
Read MoreLeading Lawyers 2014
LEADING LAWYERS. LEADING CLIENTS. At Yumkas, Vidmar & Sweeney, we take great pride in your recognition of us as leading lawyers, and we take greater pride in the success of our clients. Our Annapolis-based law firm is home to top-rated attorneys who handle the needs of clients seeking business advice and help with resolving business…
Read MoreFirst Mariner Bank Auction Set for April
March 13, 2014 A bankruptcy judge approved First Mariner Bancorp’s request to auction off its Baltimore bank quickly, a process that drew heated objections from creditors and the U.S. Trustee, the Baltimore Sun reported today. Bankruptcy Judge David E. Rice set an April 7 deadline for bids on First Mariner Bank, with the auction to…
Read MoreFirst Mariner Bancorp Files for Bankruptcy in Buyout Deal
February 10, 2014 4:41 p.m. ET By: Stephanie Gleason First Mariner Bancorp the holding company for Maryland community bank 1st Mariner, filed for Chapter 11 bankruptcy Monday in order to sell its bank subsidiary. The company said it has an offer that would provide $100 million of new capital from a group of private-equity investors…
Read MoreFirst Mariner Enters Ch. 11 to Sell Bank Unit for $100M
February 10, 2014, 6:56 PM ET By Maria Chutchian Baltimore-based First Mariner Bancorp, the holding company for 1st Mariner Bank, entered bankruptcy Monday for the purpose of selling off its bank subsidiary to a group of private equity funds for $100 million. The groups making up the stalking horse bid are Priam Capital, Patriot Financial…
Read MoreFacing Lead Paint Suits, Baltimore’s City Homes Files for Bankruptcy
September 11, 2013, 3:46 PM ET By Jacqueline Palank City Homes Inc., which rents more than 300 Baltimore apartment units to low-income tenants and faces a wave of lead paint lawsuits, filed for Chapter 11 protection. Facing legal judgments worth several million dollars in prior lead paint lawsuits and more litigation on the horizon, the…
Read MoreBel Air Payroll Company AccuPay Files for Bankruptcy Protection
Attorney says owners of company being investigated for not forwarding tax payments believe they can pay creditors March 14, 2013|By Lorraine Mirabella, The Baltimore Sun A Bel Air payroll company under investigation for allegedly not forwarding clients’ tax payments to tax collectors has filed for bankruptcy. AccuPay Inc. filed a petition for a Chapter 7 bankruptcy…
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