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Raleigh real estate investor has followed through with his plan to file for Chapter 11 bankruptcy protection to avoid foreclosure of his Burlington Outlet Village property in Burlington.
BMOC Investors LLC has filed for bankruptcy protection, according to documents filed in the U.S. Bankruptcy Court’s Eastern District of North Carolina.
Anthony is the managing member of BMOC Investors LLC, and the entity’s sole asset is Burlington Outlet Village,[url=http://freedeliverycheapbrands.co.uk/woolrich-clothing-woolrich-mens-clothing-c-282_284.html/]WOOLRICH Mens Clothing[/url], a 250,000-square-foot shopping center off of Interstate 40/85 that he and a group of family investors bought in 2006.
The nine-page bankruptcy petition lists five unsecured creditors with the largest being a $27,[url=http://valentinocheapshoes.com/cheap-clothing-cheap-pants_categories319_324/]Cheap Pants[/url],725 debt owed to Baker Roofing of Greensboro and an $18,[url=http://hotsalecheapshoes.com/levis-jeans-designer-jeans_categories230_309/]Designer Jeans[/url],000 debt to CRC-Raleigh NC of Apex.
When ,[url=http://discountshoesbags.com/adidas-shoes-adidas-new-stan-smith-shoes-c-108_121.html/]ADIDAS NEW STAN SMITH SHOES[/url], he noted that the entity still owes about $5.8 million on a loan with bank.
Amanda Jones Hoyle covers commercial and residential real estate. Follow her on Twitter @TBJrealestate