Editing Newark Bears (section)

===Rescue from bankruptcy and possible demise===

The Newark Bears, under former owner Marc Berson, filed Chapter 11 bankruptcy on October 24, 2008.<ref>{{cite web|title=Bears declare bankruptcy |work=atlanticleaguebaseball.com |url=http://albnews.blogspot.com/2008_10_01_archive.html |access-date=November 13, 2008 |url-status=dead |archive-url=https://web.archive.org/web/20110708022248/http://albnews.blogspot.com/2008_10_01_archive.html |archive-date=July 8, 2011 }}</ref>  The team's existence was almost compromised until the Bases Loaded Group, LLC purchased the team, guaranteeing a $1 million line of credit to the Atlantic League.   The Bases Loaded Group consisted of executives from [[Philadelphia]] and [[New Jersey]], some hailing from Newark.  The primary leader of the group was Tom Cetnar, former General Manager of the Bears in 2001. He served as president and was a member of the ownership group.