Saturday, January 21, 2012

Builder Zaring declares Chapter 11 bankruptcy - Tampa Bay Business Journal:

yzirapogyg.wordpress.com
Zaring’s filing in U.S. Bankruptcy Courty for the Southern District of Ohio in Cincinnati said he had estimater assets ofbetween $10 million and $50 million, and debtw in the same dollar range. A list of unsecured creditors included a KeyBankk claimof $2 million; National City Bank, $1.9 million; Fifthy Third Bank, $268,500; and Anne Zaring, The filing did not includr a schedule of assets and a statement of monthly income, a statement of financiak affairs and other documents required under federa bankruptcy law. Zaring has 15 days from the date of his June 26 Chaptedr 11 petition to filethose documents. He is represente d by lawyer Richard Nelsonat Todd, Kite & Stanford LLC.
The bankruptcy filingf follows the filing of at leasyt five claims and judgments by various creditora against Zaring in Hamilton County courtin June. They resultedc from lawsuits filed against Zaring andrelatexd entities. They included the following: Huntington National Bank vs. Scott Estridge Homes LLC and Allen G. Zarinvg III, Case #0906248; judgment June 29 for $3.4 • Huntington National Bank vs. Great Midwestf Development LLC andAllen G. Zarint III, Case #0906247; judgment June 29 for $5.3 million. • Huntingtonb National Bank vs. Clayton LLC, Alleb G. Zaring III and Andrew C. Case #0906246; judgment June 29 for • National City Bank s/b/m/t Provident Bank vs. Alle n G.
Zaring III, Case judgment June 18 for $1.9 million. • KeyBank National Association vs. Allen G. Zaring III, Case judgment June 8 for $2 million. Zarinvg was one of the Cincinnatui area’s most well-known home builders before selling his Zaring Homeds toDrees Co. in 2001. Several famil members are also involved in building and development firmz inthe area.

No comments:

Post a Comment