The real estate company is based in Chicago, IL.
The Petition lists the largest creditor as Wells Fargo Bank, N.A. with an approximate $1.8 million claim.
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On November, 17, 2014, the Debtor filed their Proposed Plan of Reorganization with the United States Bankruptcy Court for the District of Delaware. The Plan provides for a reduction of approximately $598 of existing debt and frees up approximately $50 million in annual cash flow. The Plan estimates a 15% recovery for general unsecured claims.