Bankruptcy

Christ the King Seminary to cease operations in current form at the end of the academic year
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Diocese of Buffalo with two dozen protesters calling for Bishop Malone's resignation. September 10, 2018 (WBEN Photo/Mike Baggerman)
Mike Baggerman
December 10, 2019 - 3:00 am
BUFFALO, N.Y. (WBEN) - If and when the Diocese of Buffalo files for bankruptcy, don't expect the church to quickly come out of the financial situation quickly. Multiple bankruptcy attorneys have said that it could take years for the church to come out of bankruptcy if it indeed plans to file for...
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WBEN Photo
Buffalo, NY (WBEN) - Is the Catholic Diocese of Buffalo making moves to prepare for a bankruptcy filing? As first reported by Channel 2, credit cards connected to the diocese will be shut down as of Friday afternoon. The move could be seen as a step toward a bankruptcy filing. Friday morning, the...
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(WBEN) - The Catholic Diocese of Rochester has filed for Chapter 11 Bankruptcy. The Filing was made Thursday morning in US Bankruptcy Court in Rochester. It comes as the Diocese faces nearly 50 sex abuse lawsuits filed under the Child Victims Act. Diocese of Rochester Bankrupptcy Filing Diocese of...
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Tom Puckett
September 11, 2019 - 12:46 pm
Orchard Park, NY (WBEN) Absolut Care has filed for Chapter 11 bankruptcy. It is also closing its Orchard Park location. CEO Israel Sherman issued a statement saying, "As we have seen in recent days with the announcement of the closing of Newfane Hospital, health care generally, and specifically...
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WBEN Photo/Mike Baggerman
Tom Puckett
August 13, 2019 - 4:00 am
Buffalo, NY (WBEN) This week, the Child Victims Act gives victims one year to file a claim of sexual abuse no matter when it happened or how old they are. With numerous claims to be filed against the Buffalo Catholic Diocese, could it mean bankruptcy? Attorney Mitchell Garabedian says that is...
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Tom Puckett
November 19, 2018 - 1:09 pm
Buffalo, NY (WBEN) Tops Markets says it has emerged from bankruptcy. The supermarket chain says it's also resolved the labor and pension issues that it faced at the commencement of the chapter 11 cases. The company says it is emerging from chapter 11 with a substantially stronger balance sheet,...
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Tom Puckett
November 08, 2018 - 12:29 pm
Buffalo, NY (WBEN) The United States Bankruptcy Court for the Southern District of New York has confirmed Tops Markets' reorganization plan. Tops expects to complete its restructuring and emerge from Chapter 11 shortly. “We are pleased to receive the Court’s approval of our Plan and are poised to...
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Tom Puckett
October 16, 2018 - 12:28 pm
Buffalo, NY (WBEN) - A 100-year-old industrial plant that is shutting down after clashing with neighbors and environmental regulators over pollution concerns filed for bankruptcy Tuesday. Tonawanda Coke Corp. began permanently closing Sunday, citing a loss of financing amid government enforcement...
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Tom Puckett
May 14, 2018 - 3:41 pm
Buffalo, NY (WBEN) A federal bankruptcy judge says Tops Markets can go ahead with closing some of its stores. Last month, Tops filed a motion to close underperforming stores. Court documents do not state which stores will close. Tops has said it has not chosen which stores to shut down. The company...
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