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Real Estate along the Alabama Gulf Coast By ResortQuest Real Estate

www.resortquestgulfcoast.com - Real estate along the Alabama Gulf Coast lets you experience its wonderful lifestyle and beautiful beach ...

Millionaire Real Estate Club 0708-03: Go Zone

www.MRECLV.com August 8, 2007 Clara Plummer first took an interest in the Mississippi Gulf Coast when the Casinos were first approved. At that ...

The Palms in Orange Beach, Alabama - #912 Gulf Front 3 Bedroom 2 ...

Would you be interested in finding an Alabama Gulf Coast Gulf front 3 bedroom condominium with original owners who were obsessive about keeping ...

Orange Beach, Alabama - Condo For Sale - 2 Bed 2 Bath at Tradewinds ...

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Fiddler’s Creek files Chapter 11 bankruptcy protection

The financially troubled developer of Fiddler’s Creek has filed for Chapter 11 bankruptcy, hoping to reorganize with the help of a new $25 million loan.

On Tuesday, Fiddler’s Creek LLC and its affiliates filed for bankruptcy protection in U.S. District Court in Fort Myers. They have $160 million in mortgage debt. On top of that they are obligated to pay $66 million to bondholders in two community development districts, which are generally set up by developers to finance roads, utilities and other community needs.

The Chapter 11 filing was made “to preserve the substantial equity that exists in the 4,000-acre luxury residential development,” according to a news announcement.

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