7 ValleyNewsfile for Chapter and Langans The Hudson Bankruptcy

of CarolineCarey,the co-owners KennedyLanganand his spouse On January26,2072 James that They havestatedin court papers Valley News filed for Chapter7 Bankruptcy. The Hudson in which includes $140,000.00 credit in of their liabilitiesarein an amount excess $900,000.00, with a monthly incomeof of $12,000.00 in card debt.They statemonthly expenses excess by or havebeeneitherseized frozen creditors. Any $866.00. bankaccounts hearing U'S. at at failedto makean appearance their scheduled On March22,2012,the Langans NY. Court,which is locatedat 355 Main St., Poughkeepsie, It is both ironic and Bankruptcy situation.Jim Langanwas in Langansfind themselves such an embarrassing karmic that the of allegations financial mismanagement alwaysquick to attackelectedofficials for unfounded along with vitriolic personalattacks.Who can forget Langan calling two retired military Nazis basedupon their military service.Name both former town board members, members. pasttimes,alongwith not payingtheirbills. favorite is among Langan's the calling are that may feel it is unfortunate the Langans in terribleplace.However,we don't. We do Some KennedyLanganwas a former James wish to point out that Jim Langanhasa historyof stealing. acts of embezzlement' moniesfrom his clients in nine separate who embezzled stockbroker Langanwas found guilty and was barredfor life from the Americanfinancial industry.Again, that strippedhim of his brokerage JamesKennedyLanganwas a no show at the proceeding he Therefore, was found guilty. Ref.: no reply to the charges. He license. offeredno defense, -073.pdf I http://www.nyse.com/pdfs/8 homeat 4695Albany baronial that aroundthe federalcourthouse the Langan's It wasrumored ValleyNews is to be sold as per the bankruptcy Road,Hyde Park,alongwith the Hudson Post trustee. as claim "unemployed" their Upon reviewingthe Langans'bankuptcy petition,both petitioners It that for oCcupations the pastthreeyears.Who then,wasworkingthe newspaper they co-own? knowingonly too well they haverun-uptheir creditcards, that the Langans is alio of interest, Is from SocialSecurity. Jim of due the couldneversatisfu balances on a monthlyincome $866.00 Court? to the attempting deceive Bankruptcy and Langan his spouse from thesedebtswill not be granted. and the To do this is against bankuptcy statutes a discharge that payment wasmadeto CentralHudsonfor their account 2012a $5000.00 of Also, in January to Again,arethe Langan'sattempting deceive Wheredid the moneycomefrom? wasdelinquent. Court? the Bankruptcy Joe havebeenhelpingthem?Sue Serino? someof their closefriendsand associates Perhaps Yancy and JeanMcArthur?JoannLown? Aileen Rohr?Walt Doyle? MichaelDupree? Kakish? Whereare LandTrustor The Friendsof Staatsburg? JohnBickford?Their friendsat the Winakee they? One would surmisethat the Langansare not the model citizens that they have portrayed movingto our community. to themselves be since