A real estate developer working on project in Milwaukee’s Park East recently filed for Chapter 7 bankruptcy. The project covers about 3 acres of downtown space and will continue despite the bankruptcy filing.
The developer described the Chapter 7 filing as “allow[ing] me to close the door on a three-year legal dispute and focus my attention on other, more positive matters and begin to rebuild my personal financial status.”
The development is going to include retail space, apartments, and parking. Previous plans included building hotels but problems caused by the credit crisis and economic recession led to a change in plans.
If you or someone you know would like to learn more about the benefits of filing for Chapter 7 bankruptcy, contact the Milwaukee Chapter 7 bankruptcy attorneys of DeLaduranety Law Office, LLC at 414-377-0518 to learn more.