Two condos controlled by a Turkish media executive in the Setai Resort & Residences in Miami Beach were placed in Chapter 11 reorganization.
Setai 3509 LLC and Setai 1908 LLC both filed Chapter 11 in U.S. Bankruptcy Court in Miami on July 21. Both companies are managed by Nafia Sevin Ergun Sefada, the chair of Satis Ofisi, a large media representation group in Turkey.
Michael S. Hoffman, who represents the debtors in Bankruptcy Court, said they hope to reorganize and come out of bankruptcy with… …read more
From:: biz journal foreclosures