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The two would get into real estate development once again and buy over 3,000 vacant lots from Atlantic. It was part of a plan by Atlantic to get $200 million to sell off half of the 87,000 acres and 9 water processing plants it had, but this idea "never fully materialized," with Atlantic filing for bankruptcy protection in 2001.
Gulf American Land Corporation (GALC) was a land development company in Florida founded by brothers Leonard and Jack Rosen. During the late 1950s and 1960s, GALC was the largest land sales company in the United States. [2] The company is noted for its role in the development of Cape Coral, and pioneering the sales method of installment land ...
The bankruptcy covered Coppola personally together with his wife, and his two companies, Zoetrope Corporation and Zoetrope Productions. [95] Mick Fleetwood: British musician Chapter 7 [98] 1984 [98] Assets of $2,404,430 against debt of $3,697,163. [98] Among the causes of bankruptcy were impulsive real estate purchases and failed investments ...
She wouldn't be alone: bankruptcy filings in the U.S. surged by 18% in 2023, according to a study from bankruptcy data provider Epiq AACER. In total, the study concluded, filings rose to 445,168 ...
A bankruptcy estate is defined broadly in the Bankruptcy Code to includes all of the debtor's rights to property. [11] The use of exemptions is generally only in personal bankruptcy case and not in business cases, such as those filed under chapter 7 and chapter 11, filed by an entity, except by business operated as a sole proprietorship.
Evergrande (pronounced “ever grand,” with a silent final “e”) filed Thursday for Chapter 15 bankruptcy, which is a way for foreign companies to use US bankruptcy law to restructure debt.
U.S.-based restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection in a Florida court after securing $100 million in financing commitments from its existing lenders, the ...
The company provided its services to lenders, developers, real estate agents, attorneys, and property buyers and sellers. It served residential and commercial customers with approximately 1,000 offices and a network of over 10,000 agents throughout the United States, Mexico, Canada, the Caribbean, Latin America, and Europe.