Tag: bankruptcy

Guitar Center, which operates a store in Gilroy, announced Nov. 21 that it has filed for bankruptcy, but it will stay open as it...

California Attorney General Xavier Becerra has rejected a personal appeal from Santa Clara County officials to keep two hospitals open, after they had attempted...

GILROY—Crecencio Roque gave $10,000 to Gilroy businesswoman Leticia Sandoval to wire to his family in Mexico. Not one dollar arrived.

When it comes to electing public officials, bankruptcies matter.

• Yes. While bankruptcy is many times unavoidable, it still likely reflects some fiscal irresponsibility in getting there. It certainly would cause me to take a closer look at what may have been the reason and then a judgment as to their ability to understand city financial matters. • Yes. Public representatives should be held to a higher standard of care since they having direct control over our health, safety and welfare and the potential to abuse the power entrusted to them! • No. Especially if the bankruptcy was many years ago.  We need to concentrate on current issues and concerns. • Yes, somewhat. While I try to keep in mind that often bankruptcy is unavoidable, it does give me pause and make me consider their candidacy a little more. • Yes.  Personal fiscal responsibility reflects a person's ability to be fiscally responsible with our tax dollars. • Yes. I don't think knowing a candidate filed bankruptcy in the past would keep me from voting for them, but the voters need to know all the information that helps us make an informed decision about a candidate. Someone who filed bankruptcy may not be the best candidate to run our city. • No. I have voted already. That said we are asking candidates to manage city budgets so this could potentially be a deciding factor. • Of course it should. There’s judgment involved and we need our Council people to make good decisions and fiscal issues are critical to the health of the city. Spending all the city funds and declaring bankruptcy would not be a good idea. • No. However, personal monetary decisions made public through declaring bankruptcy can sway people into believing that this will transfer into the candidate’s decision making processes in a public servant position. I don’t believe this is true, given personal money issues have many factors that we may not be aware of nor should we be. • No. The bankruptcy itself would not change my vote. If I knew the reason why it occurred may change my vote.

According to court records, mayoral candidate and current Councilman Peter Arellano claimed $670,359 in debts when he filed for Chapter 7 bankruptcy in November 2004.

Four candidates on Gilroy's ballot have filed for bankruptcy in the past, according to federal court documents.

After months of negotiating with the bank to no avail, a local real estate investment company filed for bankruptcy on July 10, to avoid foreclosure on two downtown Gilroy properties.