$1.2B Baltimore Project Developer Granted Ch. 11

Law360, New York (March 5, 2013, 3:43 PM EST) -- A Baltimore bankruptcy judge granted Chapter 11 protection on Monday to the owner of a waterfront property slated for a $1.2 billion development that has stalled and also faces foreclosure proceedings over a loan secured by the land.

With the order, Judge Robert A. Gordon granted Inner Harbor West LLC's request to convert an involuntary Chapter 7 case launched by Dixie Construction Co. and land-use law firm C. Frye Associates LLC. A meeting of the creditors is scheduled for April 10 and Inner Harbor must file...
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