Small Business Resources, Business Advice and Forms from AllBusiness.com
 

Blue Bear bankruptcy swirls on

By Bastian, Kristen S
Publication: Northern Colorado Business Report
Date: Friday, June 9 2006

WINDSOR - Blue Bear Funding LLC might have more to deal with than simply a bankruptcy, reorganization and asset litigation.

David Karst, part owner and former manager of Blue Bear, has broken his silence regarding the bankrupt factoring company. In a state given to the Business Report, Karst

not only denies the claims made by Blue Bear and its lawyers claims that hoist some blame upon Karst for the firm's financial difficulties - but Karst also threatens to retaliate with his own lawsuits.

"As a result of Blue Bear officers and attorneys having made misleading, unfounded and false public accusations regarding my role at creditor meetings, public statements and in bankruptcy filings, it is anticipated that (forthcoming) claims will include libel, slander and defamation of character," Karst wrote in an e-mail.

To date, Karst has kept quiet about the nine-month-old bankruptcy case. The case has gained notoriety from its size - Blue Bear creditors and investors have made $20 million in claims against the Windsorbased company - and character - the investors range from prominent local businesspeople to churches and retirees.

In addition, make sure to read these articles:

  • Lerach Coughlin Stoia Geller Rudman & Robbins...
  • NEW YORK -- Lerach Coughlin Stoia Geller Rudman & Robbins LLP ("Lerach Coughlin") (http://www.lerachlaw.com/cases/towerautomotive/) today announced that a class action lawsuit has been commenced ......
  • A&K Announces Summary Judgment On...
  • Business Editors/Legal Writers Summary Judgment was granted in favor of the Chapter 11 Bankruptcy Estate of Paragon Trade Brands against Weyerhaeuser Company in a $400 ......
  • Law Offices of Lionel Z. Glancy Commences Class...
  • Business Editors & Legal Writers LOS ANGELES--(BUSINESS WIRE)--Feb. 16, 2001 Notice is hereby given that the Law Offices of Lionel Z. Glancy commenced a Class ......
  • ProntoMail Offers Parents a Secure Free...
  • SUNNYVALE, Calif.--(BUSINESS WIRE)--July 23, 1997--CommTouch offers Washington, D.C., family-friendly Internet Initiative first tool for President Clinton's "Virtual Tool Box." Realizing the need for parents to ......
  • Silver Mountain buys 1,500 acres of terrain
  • Silver Mountain Corp., the Redmond, Ore.-based operator of Silver Mountain Ski & Summer Resort, has bought the 1,500 acres of ski terrain on which its ......
  • Centennial men
  • Fort Wayne natives Matt Karst and Matt Roskuski fondly remember the excitement and anticipation they felt after high school as they prepared to explore the ......
  • The Blue Bear
  • Vital travels along the wild Alaskan coast, punctuated by dreadful circumstances that rob wildlife photographer and guide Schooler of the people he loves. Having spent ......
  • Nienkämper
  • Karst Table ......
  • Blue Bear made loans to builder, Wi-Fi business
  • While representing itself as a factoring company, Blue Bear Funding LLC also dabbled in loans.
  • Fire! Fire! Hurry! Hurry!
  • Again and again, a team of four-legged firefighters puts dinner on hold when a series of fires breaks out in the neighborhood. Barbour's (The Ancestors ......
  • The Last Shot
  • Schooler (The Blue Bear, 2001) begins by outlining the state of naval affairs as the Civil War began. The U.S. Navy had enough ships to ......
  • In memory
  • Stanley Allen Karst, Topeka, died August 4, 2000. Karst was a regional sales manager for Precision Computer Systems and had associations with many Kansas bankers....
  • Factoring 101: Numbers game
  • Factoring is a financial tool that's been around for centuries, but is steadily gaining popularity. According to industry statistics, factoring is currently a $100 billion ......
  • Bill Karst of Callison is elected to AIA College...
  • Callison's CEO receives highest honor bestowed by the American Institute of Architects ......
  • Hazlett Joins Ardaman & Associates
  • Timothy J. Hazlett, Ph.D., has joined the water resources department of Ardaman & Associates as a senior project manager and lead groundwater modeler. Hazlett is ......
presented by