Wingspan Portfolio Advisors Files For Bankruptcy

first_img The Best Markets For Residential Property Investors 2 days ago Bankruptcy Wingspan Portfolio Advisors 2015-07-14 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Wingspan Portfolio Advisors Files For Bankruptcy  Print This Post in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea Tagged with: Bankruptcy Wingspan Portfolio Advisors Servicers Navigate the Post-Pandemic World 2 days ago Share Save Wingspan Portfolio Advisors filed for Chapter 7 bankruptcy on Tuesday in the United States Bankruptcy Court for the Eastern District of Texas, the court confirmed to DS News.In a Chapter 7 bankruptcy, the company ceases operations while a trustee liquidates a company’s assets in order to pay off debt. A company in Chapter 7 bankruptcy continues operations only if the trustee decides to continue.”Since this is a Chapter 7 bankruptcy, the debtor no longer exists,” said Wingspan’s bankruptcy attorney, Dan Morenoff, of Dallas-based The Morenoff Firm. “A trustee now owns the estate. The parking brake has been pulled and the trustee is in charge.”The trustee, Michelle Chow, could not immediately be reached for comment.Wingpsan, which was founded in 2008 by Steve Horne, announced in October 2014 that it had received a multi-million dollar capital infusion from its stockholder investor group. Around the same time, Wingspan announced the divestiture of insurance claims management firm Dimont & Associates, which Wingspan acquired in May 2013, after Dimont received a recapitalization of its own.Also in October 2014, Wingspan announced that its founder and CEO, Horne, had been moved into a senior advisor role with the firm while Jason Spooner, EVP of national operations with Wingspan since 2012, was named president of the company. At that time, Horne said that with the divestiture of Dimont & Associates and the capital infusion, Wingspan was debt free. Horne said Wingspan had “experienced a fair degree of turbulence” with the industry’s shift out of the default crisis, and that the company has made moves to diversify its services and align its workforce to the new environment. Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Wingspan Portfolio Advisors Files For Bankruptcycenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: DS News Webcast: Wednesday 7/15/2015 Next: Bank of America’s Net Income More Than Doubles in Q2; U.S. Bank, PNC Profitable Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Related Articles July 14, 2015 2,497 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribelast_img read more

Roundballer players hit with yellow card as City shuts down Lakeside for two week rest

first_imgRight when the roundballers thought the season was a foot, the City of Nelson tossed a monkey wrench into the mix by closing the fields for two weeks.Barry Turner of the City of Nelson informed the Regional District of Central Kootenay booking officials Friday of his decision to give the soccer pitches rest.“The fields will be close for two weeks, Monday through Friday,” said a RDCK spokesperson. “Fields will re-open during the weekend, Saturday and Sunday.”Soccer players, young and old, have been running in quicksand for the start of the 2011 season.A colder than normal spring, plagued by days of rain and inclement weather, put the growing season back weeks. The result left Lakeside Soccer Pitches in rough shape, especially following the opening weekend of the year May 7-8 when close to 20 female rep teams participated in the Terry Walgren Memorial Rep Soccer Tournament.Those games, combined with the start of adult leagues and the Nelson Youth Soccer Rep and House programs, put an awful lot of stress on the pitches.The closure, however, does not affect the Lakeside Ball Diamonds, where the Nelson Slopitch League continues to function nightly.Nelson Youth Soccer holds games and practices during the week at Lakeside. The association also runs games Saturday.Nelson City Soccer follows most nights with adult rec leagues.The closure affects 900-plus youth players and more than 200 adult players.last_img read more

A younger Neptune team dives back into water

first_imgBy Bruce Fuhr The Nelson Daily Sports It was bound to happen. After years of dominating the Kootenay Summer Swim Association, the Nelson Neptunes are finally enter a rebuilding phase — which the rest of the region is probably thankful that it’s happening. “I expect we will have a good season but we may not win as many meets,” admitted Neptune skipper Michelle Lorusso on the eve of the start of the 2011 season Saturday at the NDCC Pool. “(That’s due to) a low enrollment this year with only 45 kids and most of them younger swimmers.” Gone is the likes of Rebecca and Melissa Afford. However, the dynamic duo has not left the scene. The pair, along with another Neptune stalwart, Kiandra McLaren, has simply moved up to the coaching ranks to join Lorusso on the pool deck. The coaching quartet, which can still swim in the senior divisions, will be put to the test right away as the Neptunes play host to the season opener this weekend. “It is a great advantage (for us) to start at home,” explained Lorusso, who has been coaching for the past eight seasons. “The swimmers can get back into the competitive swim meet season in there own home pool and that takes some stress off since they swim in (NDCC Pool) almost every day.” Still Lorusso & Company needs the support of the few senior swimmers the club has. Which is why it’s so important for provincial medalist Sam Matthew to step up once again. “Sam (Matthew) was the only Nelson Neptunes swimmer to get a medal at provincials last year in Kamloops in the 50 breaststroke when he placed second,” said Lorusso. “I expect a great season from all of our senior swimmers as they are all dedicated and hard-working.” The Neptunes are part of the Kootenay Association that includes Grand Forks, Trail, Creston, Colville, Wash., Castlegar and Kimberley. The season shifts to Grand Forks for a B-meet next week before teams travel to Trail June 18-19. Of course all the teams are pushing for the Kootenay Regional Finals August 6-7 in Castlegar. The top swimmers at Regionals advance to the B.C. Summer Speed Swim Association Championships August 15-21 in Richmond.
“The goals this season are to have fun and win a few meets,” said Lorusso. “For the swimmers many of their goals are to get best times and make it to the provincials.” For more information on the Nelson Neptunes visit[email protected]last_img read more