TITLE

Real estate crash: Now it's personal

AUTHOR(S)
Corfman, Thomas A.; Baeb, Eddie
PUB. DATE
June 2010
SOURCE
Crain's Chicago Business;6/7/2010, Vol. 33 Issue 23, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the rising number of real estate developers filing for bankruptcy in Chicago, Illinois, as creditors are now trying to recover their money through court cases. It is reported that, the developers are filing for Chapter 7 bankruptcy under which available assets are sold off and debts are released without a repayment plan. Developers filing for bankruptcy includes, Bruce Kaplan, the president of Northern Realty Group Ltd.
ACCESSION #
51398653

 

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