Lender sees fraud, seeks bankruptcy trustee at real estate firm | Business Information & News | Westlaw

Lender sees fraud, seeks bankruptcy trustee at real estate firm | Business Information & News | Westlaw

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9/10/14 REUTERS LEGAL 10:00:00
REUTERS LEGAL
Copyright © 2014 Thomson Reuters
September 10, 2014
Lender sees fraud, seeks bankruptcy trustee at real estate firm
Tom Hals
Sept 9 (Reuters) - A lender to a bankrupt owner of apartment complexes in seven states has asked a court to sweep aside management and install a trustee because of "rampant fraud," according to court filings.
The lender, Beach Point Funds, called...
---- Index References ----
Company: VARIANT SA; REVSTONE INDUSTRIES LLC
News Subject: (Corporate Events (1CR05); Fraud (1FR30); Crime (1CR87); Business Management (1BU42); Social Issues (1SO05); Bankruptcies (1BA08))
Industry: (Real Estate (1RE57); Banking (1BA20); Financial Services (1FI37); Retail Banking Services (1RE38); Loans (1LO12))
Region: (Americas (1AM92); North America (1NO39); USA (1US73); Delaware (1DE13); U.S. Mid-Atlantic Region (1MI18))
Language: EN
Other Indexing: (Development Specialists Inc; Beach Point Funds) (Courtland Gettel; Peter Keane; Bradley Sharp; Brendan Shannon)
Keywords: bankruptcy (MCC:f); (N2:US); (N2:AMERS); (N2:USA); (MCCL:OEC)
Word Count: 551
End of Document© 2024 Thomson Reuters. No claim to original U.S. Government Works.