Battle Brews Over Trustee For Versace Mansion Bankruptcy

Law360, Miami (July 9, 2013, 8:54 PM EDT) -- A bankruptcy judge said Monday she will hear evidence next week on whether to appoint a trustee for Gianni Versace's former South Beach mansion, which a creditor holding a $31.5 million loan says is necessary because the property is underinsured and unprotected.

The Ocean Drive villa, where the fashion designer was gunned down in 1997, has been embroiled in legal battles, including a foreclosure by mortgage holder VM South Beach LLC, an entity owned by the family behind Jordache jeans. When current owner Casa Casuarina LLC...
To view the full article, register now.