Fla. Judge Says Bankrupt Developer Can't Discharge Debt

Law360, Miami (March 4, 2015, 7:24 PM EST) -- A Florida bankruptcy judge ruled Wednesday that a bankrupt Miami real estate developer's debt in a dispute with SLS Properties Three LLC over a $15 million Las Vegas land deal can't be discharged.

U.S. Bankruptcy Judge Laurel M. Isicoff ruled in favor of SLS and said that bankrupt developer Pasquale Renzi could not discharge at least $11 million in debt, according to SLS's attorney David Lazarovic.

SLS claims that Renzi purposefully hid assets from the bankruptcy court. The ruling comes after a Dec. 15 trial on the issue.

The dispute stems from a February 2007 deal in which SLS agreed to...

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