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Legal Drama


Mar 20th, 2023

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Developer of West Palm Beach resort files for Chapter 11 same day as $95 million foreclosure judgment

The same day a lender won a $95 million judgement against the developer of the Banyan Cay Resort and Golf project, the developer filed for Chapter 11 reorganization, a form of bankruptcy that provides time to restructure debts and make a fresh start. The lawyer for the developers says the hotel is almost complete and hopes that the all parties can “work something out and be reasonable.

South Florida Business Journal article (subscription required

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