ZOM Living filed for bankruptcy with plans to sell substantially all of its assets, marking the fallout from a massive $308.6 million judgment entered against the company this…
ZOM Living filed for bankruptcy with plans to sell substantially all of its assets, marking the fallout from a massive $308.6 million judgment entered against the company this spring tied to an Arizona property dispute. Winter Park, Florida-based ZOM, which is a prolific multifamily and senior housing developer and investor, filed its Chapter 11 reorganization petitions on Oct. 30 in Florida’s middle district, records show. Entities ZOM Holding, ZOM Associates and ZH Development I each filed bankruptcy petitions, though the court approved joint administration of their filings.
The debtors have $541 million in estimated unsecured claims, including funds owed to […] This article originally appeared on The Real Deal. Click here to read the full story.
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