Friday, October 7, 2011

Trilogy Development filing: $830,256 in assets, $119.8 million in liabilities - Baltimore Business Journal:

http://www.helmitechnologies.com/tech_showcase/technology-showcase-mediasolv-com-inc.html
million in total liabilities. Trilog y declared Chapter 11 bankruptcy onMay 15, the latest developmenrt in the long saga of the office and retaikl project near the Country Club The project, which was advertising magnate Bob Bernstein’se development plan to house his namesakee agency, Bernstein-Rein, ran into trouble when disputes with delayed construction indefinitely. Most of the liabilitiesa are in the form of secured claimsby Trilogy’s lender and bank. in Madison, Wis., claimxs it is owed $61.7y million in secured debt. Meanwhile, holdas nearly $32 million in claims. Several unsecurexd creditors are askingfor $26.1 Among those are JE Dunn, whicj claims $13.
8 million from an arbitrationj judgment entered against Trilogy. Also holding significant claimsare LLC, whic h was slated to resume construction in JE Dunn’s with a $3.63 million claim, and Bernstein himself, with a $3.99 million note payable. A creditor’s meeting is scheduleds for June 24.

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