Friday, March 16, 2012

Chapter 7 Bankruptcy Miami Style

William H. Holly, a South Florida commercial real estate broker, has recently filed for Chapter 7 bankruptcy. Holly reportedly experienced financial difficulties while a real estate developer in the beleaguered South Florida area.
In an article by Paul Brinkmann in the South Florida Business Journal, Holly began his career at the Codina Bush Group and was a director at Cushman & Wakefield before establishing the Miami office of Insignia/ESG. The realtor then went back to Cushman & Wakefield in Miami after working for himself for several years.
His recently filed bankruptcy petition declares specific debt of $3.2 million and a number of other debts listed as ‘amount unknown’. Most of the debt on the bankruptcy filing is $2.85 million owed toACG-Miami Green LLC, a company related to the development of Holly’s signature office building,Miami Green. The filing also lists credit card debt as well as a $190,000 judgment from Capital Bank.
Holly is a founding shareholder of Coral Gables Trust and serves on its board of directors. He is also a founding shareholder of Fort Myers-based Florida Gulf Bank.
If you are contemplating filing Chapter 7 or Chapter 13 personal bankruptcy, don’t wait another day to call the Macey Bankruptcy Law experts. Our compassionate and experienced bankruptcy attorneys are available for mini-phone consultations Monday through Saturday to answer your financial debt questions. Macey Bankruptcy Law attorneys have over 440 years of combined experience in all aspects of Chapter 7 and Chapter 13 bankruptcy relief.  Since 1996, we have helped hundreds of thousands of clients eliminate over $500,000,000 in debt, including reducing principal balances on underwater second mortgages!  With Macey Bankruptcy Law’s flexible payment plans, we will work within your budget. Call us toll-free at 1-800-260-1402. Let’s talk and see if our skilled bankruptcy pros can help you and your family realize a brighter and more secure financial future. Log onto our newly-designed, easy-to-navigate website for important and timely bankruptcy information.

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