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NESV

Bankruptcy in an effort to avoid foreclosure, kiss hockey games good by there

Re: NESV

anon
Bankruptcy in an effort to avoid foreclosure, kiss hockey games good by there
Chapter 11 Bankruptcy protects creditors from collecting collateral from the debtor dummy. It's literally the opposite from having to foreclose.

Re: NESV

anon
Bankruptcy in an effort to avoid foreclosure, kiss hockey games good by there
Huh? So you prefer they foreclose and kiss hockey games goodbye? Or File and keep operating? Sounds like you're rooting for failure.

Re: NESV

https://www.thesunchronicle.com/news/local_news/new-england-sports-village-in-attleboro-files-for-bankruptcy-protection/article_f8e702e6-d45d-59e4-a689-7feac3faabe3.html

Kind of funny that the guy sends out a message saying "oh we've always paid taxes, that's a lie..." but they owe the city almost 600k in taxes.

Re: NESV

I guess RR didn't save the day after all but then again he already won as his buddy down the street is going to jail so he outlasted him in hockey world.


RR 1
RB 0

Re: NESV

Salt water in his pipes... not a good sign for a Rink...

The Hockey operations can't manage the 139 acre parcel. The owner can't get financing for to complete his dreams for the property. So he will need to get investors... not likely in bankruptcy. The owner or the Bank through the courts will sub-divide the land and sell it off to right size the hockey operations to the Rinks. Maybe he holds on to the rinks or another buyer shows up to acquire it.

Salt water in the pipes... another buyer is not going to like that. I suspect he holds on to the rinks at the end.

Re: NESV

A Banker, just not his Banker
Salt water in his pipes... not a good sign for a Rink...

The Hockey operations can't manage the 139 acre parcel. The owner can't get financing for to complete his dreams for the property. So he will need to get investors... not likely in bankruptcy. The owner or the Bank through the courts will sub-divide the land and sell it off to right size the hockey operations to the Rinks. Maybe he holds on to the rinks or another buyer shows up to acquire it.

Salt water in the pipes... another buyer is not going to like that. I suspect he holds on to the rinks at the end.
According to US district court in NY and US Bankruptcy Court in Boston show that current documents paint a picture of deep debt for NESV...over 20 million to secured and unsecured creditors...not a good sign...