Follow SunnyComfort.com

LinkedInTwitterFacebook

Recent comments

Download Free eBooks

Download 5 Free eBooks:

Click Here

Home > News > Costa Rica News > Hacienda Matapalo News

Costa Rica Property Owner Centam Agrees to Dismiss Petition

Centam Partners LLC, a developer of residential property in Costa Rica named Hacienda Matapalo, filed a petition for Chapter 11 protection on Dec. 20 in Fort Lauderdale, Florida, and consented to dismissal of the bankruptcy on Feb. 3.

The secured lender UTA Capital LLC contended that the Chapter 11 petition was a "classic" case of a filing "in bad faith and without any prospect of reorganization."

The terms of dismissal prohibit Centam from filing another Chapter 11 petition anywhere within the U.S. for one year.

Centam indirectly owns a 625-acre parcel approved for residential development. The company also holds a concession to develop beachfront property. The property is on the west coast of Costa Rica.

The petition says assets are $10 million while liabilities total $7.5 million, including $6.9 million owing to secured lender UTA.

The case is In re Centam Partners LLC, 11-44590, U.S. Bankruptcy Court, Southern District of Florida (Fort Lauderdale).

February 07, 2012 1:44 PM

http://news.businessweek.com/article.asp?documentKey=1376-LYZRFO0YHQ0X01-2PU9I57JL2ID7K63FPOVSCTRKQ

Submitted by sunnycomfort on Sat, 02/11/2012 - 22:40 More

Post new comment

A valid e-mail address. All e-mails from the system will be sent to this address. The e-mail address is not made public and will only be used if you wish to receive a new password or wish to receive certain news or notifications by e-mail.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.

Subscribe

Syndicate content
more

Related Resources

User login

Latest Listed Projects

Altos del Virrey
Listed in Countries > Uruguay

Colonia is the main access point for tourists into Uruguay. Facing the river, in a 58.000 ft2 plot, Altos del Virrey will combine private apartments and a hotel. Incorporates apartments of 2 or 3 rooms with river views and outstanding amenities: Business Center, Play Room, Pool, Sauna - Spa and Gym. Funding schemes.

Bimini Bay Resort and Marina
Listed in Countries > Bahamas

Bimini Bay state-of-the-art marina complex features slips of various sizes. Cruise down a channel that can accommodate grand yachts and you will arrive at Bimini Bay Resort & Marina. Located just 48 miles off the coast of Florida is the island of Bimini. Bimini is the closest island of the Bahamas to the U.S. Bimini Bay Resort is located on the north end of North Bimini.

Miranda Suites
Listed in Countries > Panama

A few steps above a wide sandy beach, around 10 miles east of Las Tablas, you'll find the pre-sale construction project: Miranda Suites. There will be 990 square foot, two-bed, two-bath units that will be spacious and comfortable with large open-plan kitchens and living areas starting at only $119,000.

Fairways residence
Listed in Countries > Dominican Republic

Fairways residence is a complex of 27 apartments, divided into 3 buildings of 3 levels, articulated around a large and central swimming pool and directed opposite the Golf. Fairways residence is completely secure (closed land, videophone, electric gate, night watchmen). Fairways residence is ideally located, mixing the quietness and the proximity of the centre town and the beaches.

Hacienda Matapalo

5
Average: 5 (3 votes)
Hacienda Matapalo Entrance
Project Name: 
Hacienda Matapalo
Price From: 
$200.000 USD
Project Location: 
Playa Matapalo, Costa Rica
Visit Project: 
Hacienda Matapalo

Hacienda Matapalo is located just 800 meters (2,624.67 ft) off the beach and reaches back three kilometers into the primary forested mountains to an altitude of nearly 2,000 feet above sea level.

Pacifico, Costa Rica

4
Average: 4 (1 vote)
Pacifico, Costa Rica
Project Name: 
Pacifico
Price From: 
$125,000 USD
Project Location: 
Guanacaste, Costa Rica
Visit Project: 
Pacifico

A reflection of all the good life has to offer. A place for the adventurer and the romantic. Well-planned for practical living with an exotic flair. A new place but not unfamiliar.

Arenal Maleku Condominiums

0
Arenal Maleku Condominiums Costa Rica
Project Name: 
Arenal Maleku Condominiums Costa Rica
Price From: 
$189,000 USD
Project Location: 
Lake Arenal, Costa Rica
Visit Project: 
Arenal Maleku Condominiums Costa Rica

Arenal Maleku and area must be seen to appreciate what is meant by living an ellegant "Quality Life". This premiere gated community overlooking spectacular Lake Arenal and is located in the strategic centre of Costa Rica and is the perfect vantage point to enjoy this friendly and spectacular country.