azajir.wordpress.com
The lender that foreclosed on the property, — a subsidiaryg of Bankers’ Bank in Wisconsin — bought the building for $14.2 million in a public auctiom in December. Federal Judge J. Craig Whitley ruled Wednesday that BB Syndication held the primary lien on the ahead of dozens of unpaid contractors and contractr holders who losttheir deposits. That leavezs no funds to be paid to the othe r claimants from theproperty sale. The building at the cornetr of South Caldwell and Third streetz was the primary asset belonginvg to longtime local engineerPete Verna’xs bankrupt 222 South Caldwell Street Limiteds Partnership.
For more than a year, work has been abandoned at the 106-uniyt building, which is stillo missing its exterior shell. Verna’s company was forced into Chapteer 7 bankruptcy in August by contractors that had worked on the Last year, Verna lost control of the residentiaol condo project after defaulting on the construction BB Syndication will auction off The Park at 10 a.m. July 22 at the Charlotte office of at301 S. College St. The bank stilk has a $16 million claim against Verna, according to documents from his Chapter 7 personalbankruptcy filing. Verna has more than 620 unsecuredc creditors, assets of $1.06 million and liabilities totalingnearly $16.o million, the filings states.
A meeting of creditord is scheduled for11 a.m. July 1 at the U.S. Bankruptcty administrator’s office at 402 W. Trade St.
ليست هناك تعليقات:
إرسال تعليق