The owner of the Publix-anchored Fountains of Boynton shopping center in Palm Beach County filed Chapter 11 to halt a foreclosure lawsuit.
The debtor is owned and managed by John B. Kennelly, who put eight real estate companies into Chapter 11 in 2015 and is still trying to resolve those cases.
Fountains of Boynton Associates filed for Chapter 11 reorganization in U.S. Bankruptcy Court in West Palm Beach on Feb. 5. That automatically stays the $23.7 million foreclosure lawsuit that Hanover Acquisition… …read more
From:: biz journal foreclosures