Fiddler’s Creek Files for Chapter 11
Posted on Mar 2, 2010 12:10pm PST
Fiddler's Creek in Florida has filed for Chapter 11 bankruptcy protection in order to preserve the residential development. After months of financial trouble, the business was hit with a foreclosure lawsuit. This led to Fiddler's Creek alleging fraud, negligence and breach of contract in a counterclaim.
Chapter 11 bankruptcy will protect the company from debt collectors while they reorganize their debt. The projected build-out is 2020.
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