Real estate blog entries tagged with chapter 11 by Richard Roux (Watson Realty Corp., REALTORS)

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Home : Blogs : Richard Roux : Richard Roux's Blog : Tag "chapter 11"

chapter 11: Amelia Island Plantation Files for Chapter 11 Bankruptcy - 11/18/09 11:49 AM

Local papers have reported that Amelia Island Plantation (i.e., Amelia Island Company) Filed for Chapter 11 bankruptcy Friday Nov 13th in order to allow it to operate while a court approved reorganization is being sought. That action should take approximately 30 days. This action should avoid a second court action taken by Prudential Financial Services to have the Company forced into Chapter 7 Bankruptcy (liquidation of assets). Along with the Chapter 11 news, AIC announced that it has signed an agreement with an investor group that was formed to provide short and long term financing to preserve the Plantation and allow it to … (1 comments)

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Richard Roux

Amelia Island, FL

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Watson Realty Corp., REALTORS

Address: 3321 S. Fletcher Ave., Fernandina Beach, FL, 32034

Office Phone: (904) 261-3986

Cell Phone: (904) 415-6096

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