Tom Neyer, Jr. Files Chapter 7 Bankruptcy
Real estate developer and former Hamilton County commissioner, Tom Neyer Jr., owner of Neyer Holdings Corp., has filed for Chapter 7 bankruptcy, listing $69 million in liabilities and $1.4 million in assets. Liabilities include a $50 million debt from a personal guarantee to Bank of America, which is associated with the mired Kenwood Towne Place, an office and retail project in which Neyer Holdings has a 12.5% stake.
In an article on www.bizjournals.com , “other debts are identified as ‘disputed potential contingent liabilities’ with Bear Creek Capital and Bear Creek Construction. Bear Creek is the developer of Kenwood Towne Place.”
Neyer’s bankruptcy petition also includes over two dozen LLCs and other entities in which Neyer has an interest. In his court filings, Neyer claims that most of those entities, or his interest in them, has no value.
Among Neyer’s assets are a $900,000 house in Hyde Park and 4,000 bottles of wine valued at $80,000.
For experienced and knowledgeable Chapter 7 or Chapter 13 personal bankruptcy assistance, trust the attorneys from Legal Helpers who have helped over 50,000 consumers in the last three years discharge their debt. For your free initial consultation, please call 800-260-1402 .
Similar Posts:
- Husband of Reality TV Personality No Stranger to Chapter 7 Bankruptcy
- Co-Founder of Regency Real Estate Files Chapter 7
- Baltimore Celeb Chef in Stew – Files Chapter 7 Bankruptcy
- Archdiocese of Milwaukee files for bankruptcy
- Personal bankruptcy will not affect Betty’s Pies shop
Leave a Reply