Behind the scenes: A dealership transaction in New Jersey
Automotive News gets glimpses of a dealership closing in Little Silver, N.J.
Polestar posts $242M loss amid EV demand slowdown
The automaker expects the Polestar 3 and Polestar 4 will help boost sales in the second half of the year, particularly in the last few months when demand for the two premium crossovers should grow.
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:
Amarillo Brick 01 LLC, 15228 Arcadia Bluff Loop, Winter Garden. Filed: Aug. 15. Assets: $100,001-$500,000. Liabilities: $100,001-$500,000. Major creditors: Not available. Creditors meeting: Oct. 2.
Cline’s Stamped Concrete Inc. doing business as Decorative Concrete, 2430 Jerry Circle, Port Orange. Filed: Aug. 16. Assets: $7,451. Liabilities: $129,414. Major creditors: Truist Loan Services, Wilson, N.C., $14,778; Truist Bank, Wilson, N.C., $14,507; Nova Fountains Business Center, Ormond Beach, $5,000. Creditors meeting: Oct. 2.
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:
GG Global Logistics LLC, 740 Thorpe Road, Orlando. Filed: Aug. 20. Assets: $0-$50,000. Liabilities: $100,001-$500,000. Major creditors: TAB Bank, Ogden, Utah, $112,034; Audi Finance, Libertyville, Ill., $43,200; Capital One, McLean, Va., $4,861. Creditors meeting: Sept. 16.
Ask a real estate pro: How long should I keep records?
Q: I helped my father sell his condo in 2017 and have been storing the paperwork from when he originally purchased it to when he sold it. I want to shred the papers, but I was wondering if I need to hold on to them for a certain length of time. How long should I keep the paperwork? — Lois
A: Good record-keeping can make a big difference should a problem arise. That said, with the deluge of paperwork that comes with living in the modern world, I certainly understand your desire to get rid of some clutter.
The length of time you are required to hold on to the documents will vary depending on the type of paperwork and where you live. This is further complicated by Murphy’s Law of Decluttering, which states that you will not need something until shortly after you throw it away.
Digitally scanning important papers before you shred them is a great way to reduce clutter, but it can be time-consuming.
Generally, you should keep contracts and other financial documents as long as the statute of limitations for where you live, which would begin when the contract is no longer active.
UF professor launches to space aboard Blue Origin New Shepard on mission for NASA
University of Florida horticulture science professor Rob Ferl on Thursday became the first NASA-sponsored customer to fly to space on board Blue Origin’s New Shepard rocket, bringing along a plantlife experiment to study the effects of spaceflight on genes.
Ferl, a researcher within UF’s Institute of Food and Agricultural Sciences, is also director of UF’s new Astraeus Space Institute. He joined five other people for what was the eighth human spaceflight of the suborbital rocket for the Jeff Bezos-founded company.
Dubbed NS-26, the capsule launched at 9:08 a.m. EDT from Blue Origin’s West Texas launch facility for its short trip to space, reaching an altitude of around 65 miles before returning for a parachute-assisted landing touching down amid the desert scrub within sight of the launch pad just over 10 minutes later.
“The ride was incredibly smooth, and I was so impressed with the ride up,” Ferl said after his return. “But being there, the darkness of space — you can’t — there’s no way to talk about it. There’s no way to talk about how impressive space is and the Earth below.”