Archive for 'Snohomish County'
MILA’s Bankruptcy
The bankruptcy trustee in charge of MILA’s Chapter 11 case says there is evidence that MILA’s founder and CEO allegedly collected $32 million from MILA during the years before its demise, “improperly draining the Mountlake Terrace company’s assets as its fortune declined.”
From the Seattle Times:
“I think the executives at MILA knew by 2004 that this bubble was bursting and [...]
Posted: October 5th, 2008 under Corporate governance, Legal Issues, Mortgage and Lending, Snohomish County, bankruptcy, housing-crisis.
Tags: MILA
Comments: 5
Barclays North: “It’s a matter of cash flow”
Snohomish County real estate land developer Barclays North is shutting down.
Back in April, CEO Patrick McCourt went public with their financial problems.
Everett-based developer Barclays North has struggled since late last year to repay loans from nearly 100 banks and other lenders, according to court documents. Company officials said in court papers in January that Barclays [...]
Posted: June 19th, 2008 under Community, Snohomish County, new-construction.
Tags: barclays north, mechanics liens, snohomish county land development, title-insurance, washington state chartered bank watch
Comments: 11
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