by Luci Scott The Arizona Republic Jun. 12, 2010 12:00 AM
The Phoenix architectural company Aecom, formerly DMJM H+N, is owed $851,472 by developer Jeff Cline for architectural work on Elevation Chandler.
That is the largest unsecured claim in the list of creditors Cline filed with U.S. Bankruptcy Court when he sought Chapter 11 protection in April 2008.
Judge Sarah Curley dismissed the case last week.
The case's dismissal allows creditors to sue Cline.
When he filed, Cline said the creditor with the second-largest claim was another architectural firm, Gould Evans of Phoenix. He said he owed it $606,717, but Gould Evans claimed $704,270.
Other claims listed by Cline when he filed for bankruptcy protection included Spark Design of Tempe, an ad agency that created the name Elevation Chandler and its website, $125,000. Spark Design countered that it was owed a higher amount: $310,713. In total, Cline claimed $59.9 million in liabilities to creditors holding secured claims, including investors, and $1.7 million to creditors with unsecured, non-priority claims.
Elevation's creditors now can sue
Tuesday, June 15, 2010
Real Estate News
Reuters: Business News
National Commercial Real Estate News From CoStar Group
Latest stock market news from Wall Street - CNNMoney.com
Archive
-
▼
2010
(632)
-
▼
June
(40)
- Financial reform to impact daily lives
- Payday lenders calling it quits; some may offer au...
- Phoenix will buy 206-unit complex for low-income h...
- Congress set to OK financial overhaul
- Fannie Mae Fights Back Against Strategic Defaulters
- Arizona mortgage relief plan to receive federal fu...
- DEAL OF THE WEEK: New Logic in Vulcan Shift - WSJ.com
- Report: Phoenix lags other big cities in economic ...
- Senate OKs extension of homebuyer tax credit
- Builders now unable to aid recovery
- Phoenix rental market showing signs of rebound
- Home-price index for Phoenix Valley climbs 2nd mon...
- Fed OKs card-user safeguards
- Homebuilders doubt recovery
- Lender fields bids for Centerpoint condo towers
- Arizona immigration law may increase Phoenix forec...
- Broker: Hotel would need to be torn down
- Elevation's creditors now can sue
- Arizona home builders buying up land once again
- Largest firms face obstacles
- Attorneys finding vexing issues in bankruptcy cases
- Homebuyer Tax Credit Closing Deadline May Be Exten...
- Foreclosures fell in Valley for May
- New Valley foreclosure filings lowest since July 2008
- Valley bankruptcies fell again in May
- Rogue-trading trial starts today
- Bank of America to Repay $108 Million to Bilked Co...
- Banks, retailers duel over debit card fees
- Investors Expect Increase In Distressed Commercial...
- Market Recap - Week Ending June 04, 2010
- Arizona AG’s Office sues mortgage modification com...
- Tenants breathing life into CityScape - Phoenix Bu...
- Recession causes some builders to go under as othe...
- Regulators more aggressive about enforcement order...
- CityNorth sale delayed again
- Los Arcos Crossing facing foreclosure
- Fulton Homes opposes creditors' plan
- Phoenix-based Realty Executives sues its former pr...
- How to Get the Amex Black Card
- Expert: High-end Valley homes stabilizing
-
▼
June
(40)