Resort Developer Files for Bankruptcy
Posted on Feb 8, 2011 5:35pm PST
Sequoia Partners LLC, a resort developer, has reportedly filed for bankruptcy in Oregon. According to reports, the company listed up to $100 million in assets and $50 million in debt. The firm reportedly plans to reorganize under Chapter 11 bankruptcy. Now, the company will work on renegotiating or eliminating some of its debts.
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