Monday, September 12, 2011

Issa's money woes mount overseas - Business First of Buffalo:

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Reports from England say that creditors forced Issainto bankruptcy, according to a court order issued in Manchester (England) County Court. No debtz or liabilities were listed incourt Issa’s bankruptcy, forced by creditors, stems from problemz connected with three development projects he undertook in Three Issa-controlled development companies that oversaww the projects — BS BS Developments and Issa Developments were forced into administration, a British form of bankruptct protection, last year by Last month, Issa’s Buffalo-based , which owns the historicf Statler Towers along Niagara Square was forces into involuntary Chapter 11 The Statler may be sold throug an expedited auction later this The involuntary Chapter 11 protection was part of a complezx series of legal actions being brought against Issa and his BSC Developmentf Buffalo by one of the Statler’s anchord tenants, Park Lane Catering, which allegesz that Issa failed to completd his proposed $100 million renovation of the historidc downtown Buffalo landmark and as a result, Park Lane Cateringh has lost more than $1 million in bookingsz and the Statler’s tenant roster continues to dwindle.
Issa, despits being ordered to appear in StateSupreme Court, has not been in Buffallo for more than one year, allegedly because of visa He is being fined on contempt of court charges $250 per day by Statd Supreme Court Justice John Curran. Issa is also facinbg myriad legal issuesin

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