Chicago Spire Creditors Want Ch. 11 To Stay In Del.

Law360, Wilmington (October 25, 2013, 7:00 PM ET) -- The petitioning creditors trying to force the developer of the unfinished Chicago Spire project into Chapter 11 said Friday they might try to auction the property if the involuntary bankruptcy case is approved, and argued that the proceedings should remain in Delaware, and not be moved to Illinois.

During a telephone hearing in Wilmington, petitioning creditors' attorney Lenard M. Parkins of Haynes and Boone LLP told U.S. Bankruptcy Judge Kevin J. Carey that his client wants to determine the value of the property through a market...
To view the full article, register now.

Related

Sections

Case Information

Case Title

Shelbourne North Water Street L.P.


Case Number

1:13-bk-12652

Court

Delaware

Nature of Suit

Date Filed

October 9, 2013

Law Firms

Companies