Photo: Luke van Zyl / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. A developer built about 25,000 apartments over nearly 50 years. One lost lawsuit has now put a piece of it in bankruptcy court. ZOM Holding and two affiliates filed Chapter 11 petitions in Florida’s Middle District on Oct. 30, according to The Real Deal. The debtors estimate $541 million in unsecured claims, including vendor debts and guarantees on properties in Miami, Texas,…
MarketPhoenix
One Lost Lawsuit, $541 Million in Claims. ZOM Just Filed for Chapter 11.
ZOM Holding and two affiliates file Chapter 11 after an Arizona judgment, seeking to continue an appeal; the operating apartment properties are outside the filing.
