Conneaut Lake Chapter 11 Plan Confirmed

Stonecipher Restructuring & Insolvency, Uncategorized Leave a Comment

After 20 months in an aggressively contested chapter 11 case, key constituents found the means to compromise and gave Conneaut Lake Park a chance to shine as one of the last remaining vintage amusement parks. Find two great articles here: one on Plan Confirmation; the other on the Park Turnaround. …

B Entities: Certification Pending! The B Corp Business Model for Startups

Jeanne Lofgren Business Leave a Comment

Until 2016, the only B Entity business model for a startup was a Benefit Corporation. Certification as a B Corp required at least 12 months of operations, preferably more. Benefit Corporations are, however, just that … corporations. And, organizing as a corporation is one of the more expensive and complex …

B Entities: Accountability and Transparency

Jeanne Lofgren Business Leave a Comment

B Corporations and Benefit Organizations are businesses that make a public commitment to a positive impact on society and the environment while generating shareholder returns. These businesses are held to higher standards of accountability and transparency. It is this accountability and transparency that help investors and customers see below the …

Conneaut Lake Park: A Work In Progress

Jeanne Lofgren Restructuring & Insolvency 1 Comment

Conneaut Lake Park is in its second bankruptcy proceeding in two decades. In the mid-90s, Conneaut Lake Park exited its bankruptcy case with a sale of substantially all of its assets in exchange for gold bullion. That’s right: gold bullion. Since the mid-1990’s, the assets comprising Conneaut Lake Park and …

B Entities: What Are They?

Jeanne Lofgren Business Leave a Comment

B Entities are a relatively new business model. They represent a paradigm shift in for-profit business models, filling the expansive gap between nonprofit corporations and the traditional, profit-maximizing business. They’re really known as B Corporations or Benefit Corporations, but since certain of them can be limited liability companies, limited partnerships, …