As HousingWire first reported Thursday, Morris Schneider Wittstadt officially filed for Chapter 11 bankruptcy on Monday. In the bankruptcy filing, obtained exclusively by HousingWire, Mark Wittstadt, the firm’s managing partner, said that the firm would have been able to survive the alleged embezzlement of $30 million from the firm’s accounts. However, the subsequent lawsuit from PGA golfer Dustin Johnson and the disastrous sale of assets to now-defunct Butler & Hosch was too much for the firm to bear. Click headline for full story.
from Byrd Mix http://ift.tt/1CieJfU via real estate developing in memphis
from Tumblr http://ift.tt/1KHVMpY
No comments:
Post a Comment