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Bay Area lender claims bankruptcy, citing $70 million in liabilities
siliconvalley.com/2025/05/08/marin-lender-claims-bankruptcy-citing-70m-in-liabilities
The proprietor of a San Rafael lending business is seeking bankruptcy protection, leaving local investors worried about major losses.
David Robert Stone, who runs Cornerstone Financial Services, reported more than $70 million in liabilities and about $24.9 million in assets.
Many of his…
This story appeared on siliconvalley.com, 2025-05-08 14:26:55.