MOM AND POPS AND MULTINATIONALS LINE UP FOR PAYMENT…
As the Alaska Dispatch News plunges deeper into Chapter 11 bankruptcy proceedings, owner Alice Rogoff was required to give the U.S. Bankruptcy Court a list of the top entities to which the Dispatch owes money.
Rogoff’s bankruptcy filing occurred Saturday night. Must Read Alaska acquired the list of creditors late today.
The list equals more than $2.08 million, and there are dozens upon dozens of other creditors whose amounts are not included. They are writers, suppliers, marketers, airlines, and lawyers.
Whether all the employees of the Dispatch actually have health insurance paid up is a legitimate question, as Premera Blue Cross is a major creditor. Even the Municipality of Anchorage is owed $56,516.
On the petition for bankruptcy filed by Rogoff, the now-former publisher checked the box to indicate that she believes as many as 199 entities are owed money.
The biggest amount listed is nearly $500,000 she evidently acknowledges is owed to M&M Wiring, which has taken her to court over the amount past due.
But by far the biggest debt at play is the more than $900,000 she owes to her former partner, Tony Hopfinger, based on a contract written on a bar napkin. She did not include that on the bankruptcy filing. It’s as though the debt just doesn’t exist.
Rogoff is in a legal dispute with Hopfinger in a case that goes to trial in March, with Rogoff claiming she does not owe him anything and the contract is unenforceable. She owes tens of thousands to the law firm that is defending her in the case — they made the Top 20 list.
[Read: Dispatch founder sues current owner]
Also not included on the list is Northrim Bank, where Rogoff is believed to have a financial relationship that required her to apparently put the entire newspaper up for collateral and purchase a $10 million life insurance policy on herself this spring, according to documents filed with the State Recorders Office. She also had to pledge her marital income stream (allowance) as a guarantee.
It may be that the Northrim debt is the responsibility of Rogoff personally, which could explain why Northrim is not listed in the Dispatch’s top 20. Rogoff herself has not filed for bankruptcy, nor is she thought likely to given her substantial family wealth.
[Read: Pressures mount on owner of Alaska Dispatch News]
Here, then, is a list of the top 20 Alaska Dispatch debts that are part of the bankruptcy filing, which means these companies are very likely to only get pennies on the dollar as the bankruptcy proceeds.
- M&M Wiring: $491,219.55
- GCI: $304,393.91
- Premera Blue Cross: $262,556.99 (presumably this means health insurance of employees has not been paid).
- J. Birket: $161,044.27 (press manufacturer)
- Newscycle Solutions: $145,914.63
- Arctic Partners: $143,891 (presumably for rent and other valuables at 59th and Arctic)
- Frontline Construction: $68,901.31 (presumably for contract picked up after M&M Wiring was let go)
- Eagle Web Press: $58,817.34
- Municipality of Anchorage: $56,516.30
- Centro, Inc: $52,736.51
- Catalyst Paper: $51,307.56
- Anchorage Printing: $45959.19
- John McKay: $43,776.65 (legal consultant)
- GCI: $36,694.00
- Journal Graphics: $36,480.36
- Ponderay Newsprint: $34,891.84
- John Hancock Life Insurance: $33,300.00
- Birch Horton, Bittner, Cherot: $30,086.81 (her legal team)
- Berkshire Hathaway Homestate Co.: $26,733.68
- North Pacific Paper Corp: $26,544.93
Among the 21 pages of other creditors who did not make the top 20, Rogoff lists debt to staff and freelance writers, such as Dermot Cole, Charles Wohlforth, Erik Hill, Nancy Lord, and other creative types, as well as companies large and small, in Alaska and as far away as New York.
- 360VINspin LLC, Ozark MO 65721
- Adpay/Memoriam, Denver CO 80256-0101
- AdPerfect Dynamic Advertising Inc., New Westminister BC V3L 3Cl
- Advanced Vision Technology Inc., Alpharetta GA 30005
- Air Land Transport Inc., Anchorage AK 99515
- Alaska Airlines
- Alaska On Point Service, Anchorage AK 99504
- Alaska Waste, Anchorage AK 99519-6097
- Alliance for Audited Media,Carol Stream IL 60197-5998
- Allison Harvey, Palmer AK 99645 – Alaska Center for the Environment
- American Fast Freight, Pasadena CA 91189-1833
- Anchorage Convention Centers
- Anchorage Printing Inc., Anchorage, AK 99503-3699
- Arctic Office Mach & Furn Co., Anchorage AK 99510
- Arctic Partners LLC, Tacoma WA 98422
- Arrow Marketing Group, Cary, NC 27511
- Ashley Adams, Anchorage, AK 99501
- Bangerter Creative, Eagle River AK 99577
- Berkshire Hathaway Homestate Co.
- Bethany Goodrich, Sitka AK 99835
- Birch Horton Bittner & Cherat, Anchorage, AK 99501
- Bjorn D. Olson, Homer AK 99603
- Boostability Corp., Lehi UT 84043
- Boot Country, Anchorage AK 99518
- Carlile Transportation Systems Inc., Seattle WA 98124-8448
- Catalyst Paper Corp, Chicago, IL 60674
- COW LLC, Vernon Hills, IL 60061
- Centro Inc., Palintine IL 60055-0762
- CENVEO,Pasadena CA 91110-1187
- Charles Wohlforth, Anchorage AK 99517
- Chartbeat Inc. New York NY 19993
- ChicoCallCenter, Chico, CA 95927-8684
- Christine Cunningham, Kenai, AK 99611
- Chugach Electric, Anchorage AK 99519
- Cinthia Ritchie, Anchorage AK 99517
- Circulation Technicians, Gilbert AZ
- Civil Co., Portland, OR
- Clark Bryan Fair, Homer, AK
- Continental Bag Professional Image, Mexico, MO
- Continuous Printing of AK, Anchorage
- Cornerstone Credit Services, Anchorage
- Coul Productions LLC, Yorba Linda, CA
- Creators Syndicate Inc.
- John McKay, Anchorage, AK
- David Allan James, Fairbanks, AK
- Dermot Cole, Fairbanks, AK
- Dexter Jackson, Anchorage, AK
- Digital Direct Inc., Marysville, CA
- Done Rite Cleaning, Anchorage, AK
- Dow Jones & Co Inc, NY
- Wall St Jrnl or Barrons
- Doyle E. Woody, Anchorage, AK
- Eagle Web Press, Salem, OR
- Edgil, Danvers, MA
- Ediwise, Mississaugua ON L5L 3R6
- Emily Rohrabaugh, Anchorage, AK 95517
- Enjoy the City North Inc., Binghamton NY 13095
- Equifax CreditAtlanta GA 30348-5835
- Eric E. Sain, Eagle River, AK 99577
- Erica Rogers, Anchorage AK 99508
- Erik Hill, Anchorage, AK 99517
- Erin Austin, Anchorage, AK 99508
- Erin K. Kirkland, Anchorage AK 99504
- Erin McKittrick, Seldovia, AK 99663
- Evelyn Elliot-Perez, Anchorage AK 99501
- Events Air Cargo, Fairbanks AK 99706
- Express Delivery Service Inc., Anchorage AK 99503-6604
- Federal Express Corporation, Palatine IL 60094-4515
- Firefly Marketing Communications, Kansas City MO 64184-3771
- Fleet One, Nashville TN 37241-5000
- Flint Group, Chicago, IL 60674
- Frontline Construction LLC, Anchorage AK 99502
- Gary Curtis Kanakis, Soldotna, AK 99669
- GCI, Anchorage AK 99503
- Geoffrey Z. Kirsch, Juneau AK 99807
- Getty Images (US) Inc., St. Louis MO 63195-3604
- Green Connection, Anchorage AK 99501
- Heather V. Lende, Haines, AK 99827 – writer
- Innovative Systems Design, Ponte Claire, QC H9R 1A6 Canada
- J Birket Inc., Lebanon, TN 37087
- Jason Thane Curry, Anchorage, AK 99504
- Jerod C. Gunther, Anchorage, AK 99508
- John Hancock Life Insurance, Los Angeles CA 90189-4764
- John Schandelmeier, Gakona AK 99586
- Joseph Robertia, Kasilof, AK 99610
- Journal Graphics Inc., Portland OR 97210
- Kayla Anderson, Anchorage AK 99502
- Kelsey Lindsey, Anchorage AK 99503
- Kenneth Thistle, Anchorage AK 99503
- Kids Across Parents Down LLC, Matteson IL 60443
- King Features Syndicate, Prescott, AZ 86304-9007
- Legacy.com Inc.,Evanston IL 60201
- Legal Notice Org, Rockville MD 20850
- Lewis & Lewis Computer Store, Anchorage, AK 99503
- LexisNexis, Los Angeles CA 90189-4166
- Liberty Mutual Insurance Company, Boston MA 02116
- Lincoln National Life Insurance Co., Carol Stream IL 60132-0821
- Lisa K. Demer, Bethel, AK 99559 – writer
- Liveintent Inc., New York NY 10007
- M&M Wiring Service Inc.,Anchorage, AK 99516
- Mail Finance, Dallas TX 75312-3682
- Mary I. Young, Wasilla AK 99623-4964
- Mather Economics LLC, Atlanta GA 30350
- Meghan Mackey, Eagle River, AK 99577
- Meyer Plastic LLC, Yakima, WA
- Michael Engelhard, Fairbanks, AK
- Michele L. Bennett, Chugiak, AK
- Millwood Transit, Anchorage, AK
- Miscellaneous Advertising Refunds
- Miscellaneous Subscriber Refunds
- Monster Worldwide Inc., Los Angeles, CA
- Municipality of Anchorage
- NACM Business Credit Services, Seattle, WA
- Nancy J. Lord, Homer, AK – writer
- NELA USA, River Falls, WI
- New Neighbor Marketing, NYC
- New York State Ins Fund, Albany, NY
- New York Times Syndicated Sales, Pittsburg, PA
- News Media Alliance, Arlington, VA
- Newscycle Solutions Inc., Bloomington, MN
- Newspaper in Education Inst, Cheverly, MD
- Newspaper Subscription Service, Houston, TX
- North Pacific Paper Corp, Federal Way, WA
- Olive Software Inc., Auror, CO
- Online Publications, Troy, MI
- Opti Staffing Group, Anchorage
- Paul A. Veilleux, Anchorage, AK 99504
- Peninsula Airways Inc., Anchorage, AK 99502
- PIP Printing, Anchorage AK 99501
- Ponderay Newsprint Co., Philadelphia, PA 19178-1933
- Premera Blue Cross, Seattle, WA 98111
- Quad Graphics Marketing LLC, Sussex WI 53089
- Quality Business Systems Inc., San Francisco CA 94139-8160
- Rapid Action Mailing Service, Anchorage AK 99502
- Rare Group Enterprise, Ontario, CA 91761
- Ravn Alaska, Anchorage AK 99520
- Red Wing Shoe Store, Anchorage Ak 99503
- Reed Brennan Media Association, Orlando FL 32803
- Rita Gelino-Beguette, Wasilla AK 99654-0269
- Roger P. Weinfurter, Anchorage, AK
- Rose Mason, Anchorage AK 99508
- Serena Joseph, Anchorage AK 99515
- Sizmek Technologies Inc., Austin TX 78701
- Social News Desk Inc., Orlando FL 32891-9440
- Software Business Systems Inc., Edina MN 55439-2313
- Southern Lithoplate Inc, Atlanta, GA 31374-1887
- Span Alaska Transportation Inc., Pasadena CA 91189-1714
- Steve Meyer, Kenai AK 99611
- Steve Vasquez, Anchorage AK 99507-2951
- Steven H Kahn, Port Alsworth, AK 99653
- Suburban Propane, Fresno, CA 93776
- Suzanna Caldwell, Anchorage AK 99503
- Syncronex LLC, Issaquah WA 98027
- Tamara Dodds, Big Lake AK 99652
- Thomas Head & Greisen, Anchorage, AK 99503
- Thomson Reuters (Markets) LLC, Boston MA 02241
- Thunder Industries, San Francisco CA 94108
- Tribune Content Agency LLC, Chicago IL 60693
- Tribune Media Services LLC, Boston MA 02241-5106
- Trustees of Columbia U., New York, New York NY 10027
- TSI North America LLC, Bellevue WA 98006
- Tundra & Associates Inc., Wasilla AK 99687
- United Feature Syndicate
- Commerce Bank, Kansas City MO 64184-3771
- Universal U-Click, Kansas City MO 64184-3345
- Valley Transport & Storage, Palmer AK 99645
- Washington Post Writers Group, Baltimore MD 21275-5442
- WGA Independent Contractors, Camp Hill PA 17001-0008
- William E. Sherwonit, Anchorage, AK 99517
- WP Company LLC (Washington Post), Washington DC 20071
Red Wing Shoe store?
Rogoff’s landlord is claiming that she is hiding behind a corporation and has asked the court to pierce the corporate veil. That means that she has not run the business as a corporation by adhering to the corporate structure when decisions are made. Or has not complied with laws required of corporations. If a corporation does not dot all the ‘i’ s and cross all the ‘t’s it is not difficult to hold the real owners personally liable. Rogoff owns all the equity in ADN and if the suit is successful she will be personally liable for all these debts. And she has a deep pocket. ADN is literally without any value at all. Let’s hope these Alaskan businesses that gave her credit are not left to hang.
Steel-toe shoes for all warehouse employees.
Comments are closed.