Staying Afloat in Chapter 7

A number of entities in the Ginn corporate group filed for Chapter 7 in Dec’08. These are companies involved in 2 upscale residential and resort community projects – Tesoro in Port St Lucie, Florida, and Quail West in Naples, Florida, where they sell single-family units and condominium units.
Even though Chapter 7 proceedings generally involve fire-sale [...]