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Recent Central Florida bankruptcies

Recent Central Florida bankruptcies

Chapter 7

Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include:

Metamorphosis Mental Health Family Center LLC, 28019 U.S. Highway 27, Suite C, Dundee. Filed: Feb. 1. Assets: $0-$50,000. Liabilities: $500,001-$1 million. Major creditors: Not available. Creditors meeting: March 6.

Poston Minerals LLC also known as The Poston Mineral Rights Trust, 8526 Granada Blvd., Orlando. Filed: Feb. 6. Assets: $0-$50,000. Liabilities: $0-$50,000. Major creditors: Bureau of Ocean Energy Management, New Orleans, unknown; Burlington Resources Offshore Inc., Houston, unknown; Chevron Production Co., Houston, unknown. Creditors meeting: March 6.

Chapter 11

Central Florida individuals and businesses that have filed for reorganization and protection from creditors under Chapter 11 of the U.S. Bankruptcy Code include:

Stoneybrook Family Dentistry doing business as Wholistic Dental doing business as Stoneybrook Dental, 14835 W. Colonial Drive, Winter Garden. Filed: Jan. 31. Assets: $2,573,305. Liabilities: $2,911,683. Major creditors: Huntington National Bank, Naples, $288,000; United Community Bank, Greenville, S.C., $220,130; Regions Bank, Birmingham, Ala., $90,821. Creditors meeting: March 3. read more

Musk says he’ll withdraw $97.4 billion bid for OpenAI if ChatGPT maker remains nonprofit

Musk says he’ll withdraw $97.4 billion bid for OpenAI if ChatGPT maker remains nonprofit

The Associated Press

Elon Musk says he will abandon his $97.4 billion offer to buy the nonprofit behind OpenAI if the ChatGPT maker drops its plan to convert into a for-profit company.

“If OpenAI, Inc.’s Board is prepared to preserve the charity’s mission and stipulate to take the ‘for sale’ sign off its assets by halting its conversion, Musk will withdraw the bid,” lawyers for the billionaire said in a filing to a California court on Wednesday.

“Otherwise, the charity must be compensated by what an arms-length buyer will pay for its assets.”

Musk and a group of investors made their offer earlier this week, in the latest twist to a dispute with the artificial intelligence company that he helped found a decade ago.

OpenAI is controlled by a nonprofit board bound to its original mission of safely building better-than-human AI for public benefit. Now a fast-growing business, it unveiled plans last year to formally change its corporate structure.

Musk and his own AI startup, xAI, and a consortium of investment firms want to acquire the nonprofit’s controlling stake in the for-profit OpenAI subsidiary. read more

Average US rate on a 30-year mortgage eases to 6.87%, fourth straight weekly decline

Average US rate on a 30-year mortgage eases to 6.87%, fourth straight weekly decline

By ALEX VEIGA, AP Business Writer

The average rate on a 30-year mortgage in the U.S. eased for the fourth week in a row, an encouraging sign for prospective home shoppers as the spring homebuying season gets underway.

The average rate fell to 6.87% from 6.89% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.77%.

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, rose this week. The average rate increased to 6.09% from 6.05% last week. A year ago, it averaged 6.12%, Freddie Mac said.

Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’s interest rate policy decisions. The average rate on a 30-year mortgage briefly fell to a 2-year low last September, but has been mostly hovering around 7% this year. That’s more than double the 2.65% record low the average rate hit a little over four years ago.

Rising home prices and elevated mortgage rates, which can add hundreds of dollars a month in costs for borrowers, have kept many prospective home shoppers on the sidelines, especially first-time buyers who don’t have equity from an existing home to put toward a new home purchase. read more

Igloo recalls over a million coolers after handle hazard causes fingertip amputation injuries

Igloo recalls over a million coolers after handle hazard causes fingertip amputation injuries

NEW YORK (AP) — Igloo is recalling more than 1 million of its coolers sold across the U.S., Mexico and Canada due to a handle hazard that has resulted in a handful of fingertip injuries, including some amputations.

The now-recalled “Igloo 90 Qt. Flip & Tow Rolling Coolers” have a tow handle can pinch users’ fingertips against the product — posing potential amputation and other crushing risks, according to a Thursday recall notice from the U.S. Consumer Product Safety Commission.

Igloo has received 12 injury reports in the U.S., the CPSC notes, which include fingertip amputations, bone fractures, and lacerations. There are no known injuries in Canada or Mexico.

Consumers in possession of the coolers are urged to stop using them immediately — and contact Igloo for a free replacement handle.

The now-recalled coolers were sold at major retailers like Costco, Target, Dick’s and Amazon between 2019 and January 2025 for between $80 and $140. About 1.06 million were purchased in the U.S., in addition to 47,000 in Canada and another 23,000 in Mexico. read more

SeaWorld: Coasters After Dark adds taste of Seven Seas food fest

SeaWorld: Coasters After Dark adds taste of Seven Seas food fest

SeaWorld Orlando is spicing up an after-hours event. The theme park’s Coasters After Dark, which returns March 12, will have elements of its Seven Seas Food Festival included.

The limited time/limited attendance event allows access to eight thrill rides: Manta, Mako, Kraken, Pipeline, Ice Breaker, Journey to Atlantis, water ride Infinity Falls and Penguin Trek, the coaster that debuted in July. The idea is fewer people and shorter wait times.

This time around, admission will include a five-sample lanyard for use at select Seven Seas booths. SeaWorld says that will include mini beef gyros and fish and chips as menu options. There’s also complimentary popcorn included at three in-park locations during the event.

New park president set for Busch Gardens Tampa Bay

Upcoming Coaster After Dark dates are March 12, March 28, April 4 and April 11.  After Dark’s operating hours are 9 p.m. through midnight.

The admission price posted on SeaWorld’s website is $69.99.  This is a separate ticket from daily SeaWorld Orlando admission. read more