CLT DEVELOPMENT, LLC Bankruptcy Filing
Case Number: 09-11572
CLT DEVELOPMENT, LLC filed a 11 chapter bankruptcy in the Western District of Texas bankruptcy court on June 10, 2009. This is a voluntary filing; it was assigned the bankruptcy case number #09-11572.
CLT DEVELOPMENT, LLC Filing Information
The bankruptcy petition for CLT DEVELOPMENT, LLC showed assets in the range of more than $1B with liabilities in the range of more than $1B. CLT DEVELOPMENT, LLC reports that the number of creditors is in the range of 5,001-10,000.
The debtor indicated their nature of business as 'None of the Above'. The nature of business option is fairly limited; most companies will chose 'None of the Above'. The options include: 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.
CLT DEVELOPMENT, LLC indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors. This is a bad sign for creditors as it implies that no recovery is likely.
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CLT DEVELOPMENT, LLC Docket Header
MEM-JTADMIN |
Western District of Texas (Austin)
Bankruptcy Petition #: 09-11572-cag
Assigned to: Judge Craig A. Gargotta Chapter 11 Voluntary Asset |
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| Debtor CLT Development, LLC c/o Crescent Resources, LLC 227 West Trade St. #1000 Charlotte, NC 28202 Tax ID / EIN: 56-1393851 fka CLT Development Corp. |
rep. by | Eric J. Taube
Hohmann Taube & Summers, LLP 100 Congress Ave, Suite 1800 Austin, TX 78701 (512) 472-5997 Fax : (512) 472-5248 Email: erict @ hts-law.com |