Cedar Street Timeworn Owner Bankrupt

Cedar St Timeworn

According to the Weakly.

Marge Ann Wimpee, also known as Marge Ann Jameson, editor of P.G.’s Cedar Street Times, is filing for Chapter 13 bankruptcy. Among her biggest creditors: The Pacific Grove Hometown Bulletin, The Salinas Californian and The Register-Pajaronian.
According to filings with U.S. Bankruptcy Court, Jameson has almost $133,000 in unsecured debt. The big media creditors: Pacific Grove Hometown Bulletin, Inc. ($45,000); the Pajaronian($19,000) and the Californian ($17,000).
Jameson lists her monthly net income as $475 and values her personal property at $50,000. Most of that, $44,000, is tied up in Cedar Street stocks, interests and accounts receivable.
Jameson responds by email: “It’s a Chapter 13… no one’s business but mine and the creditors.”
Former Bulletin co-owner Xavier Maruyama says he and Edie McDonald sold Jameson the paper in 2013 for about $70,000. Jameson made the first payment of about $30,000, Maruyama says, but hasn’t paid since. “We had to sue her,” he says. “We found out we’re third in line.”

Cedar Street Timeworn Owner Bankrupt