Tag: bankruptcy
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Trump Ocean Club files for Chapter 11
Don’t say we didn’t warn you. Newland Properties, the developer of the embattled Trump Ocean Club in Panama – the most intensely hyped real estate project in the history of the country – is filing for Chapter 11 – and that is just one step from bankruptcy.
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Trump Club in big legal trouble
Trump Ocean Club faces plethora of legal demands related to delays, down payments gone missing and loss of value of their apartments – and they are already defaulting on their debt.