Developer Renzo Renzi is set to lose a Miami project site to a foreclosure auction after a bankruptcy judge granted Renzi's lender relief from a Chapter 7 case initiated by one of his companies.
June 18, 2013 at 12:00 AM
1 minute read
A bankruptcy judge blasted Miami developer Renzo Renzi for “abuse of the bankruptcy system” and paved the way for Renzi to lose a condominium project site through a foreclosure auction.
Judge Laurel M. Isicoff on Friday granted a motion from Miami-based Crescent Heights Inc., which sought relief from an automatic stay invoked when Renzi’s Beacon Developer Partners LLC filed for Chapter 7 bankruptcy liquidation June 6.
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