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.”
