4 local businesses owned by couple file for bankruptcy - Renters Be Cautious Renting from a Landlord who may be facing foreclosure soon as I had to move from my apartment when the Bank took over the property unexpectedly


By Ben McLaughlin 11:05 AM Tuesday, April 6, 2010

DAYTON – Hawk Construction Inc., Troy Apartments LLC, Tipp Properties LLC and RL Hawk LLC all filed for Chapter 11 protection on Friday, April 2, in U.S. Bankruptcy Court.

The businesses, all owned by Roger and Lisa Hawk, are based at 1001 Laurel Tree Court in Troy.

Fifth Third Bank holds a judgment lien valued at $6.1 million against Hawk Construction Inc., a lien that Hawk Construction claims is contingent, unliquidated and disputed. Unity National Bank, meanwhile, holds a $5 million unsecured claim against Tipp Properties LLC and Troy Apartments LLC, according to the bankruptcy filings.

Chapter 11 filings, the most common form of bankruptcy, free a company from the threat of creditors’ lawsuits while it reorganizes its finances. The debtor’s reorganization plan must be accepted by a majority of its creditors. Unless the court rules otherwise, the debtor remains in control of the business and its assets.

Roger Hawk and the Hawks’ attorney, John Paul Rieser, couldn’t be reached immediately for comment on Tuesday, April 6.

http://www.hawk-apartments.com


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hmmmm, sounds like hba suffers from little man syndrome, dont worry when the banks get done with the big boys they will come looking for you runts.
hba-too
2:19 PM, 4/7/2010
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Seems like he is a little too big for his britches. Maybe less golf, gambling boat trips and more work would have been a better for the business.
HBA
8:10 AM, 4/7/2010
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