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Colony Lender faces court sanctions, vows appeal

Colony Lender faces court sanctions, vows appeal

‘I cringe every time I have to write another assessment check to pay largely for legal fees and insurance with seemingly no end in sight.’

March 16, 2015 | Posted in Major Headlines, Top Box | Read More »

As Colony saga drones on, principal parties speak out

As Colony saga drones on, principal parties speak out

Court battles, appeals and eventually consolidation mark the future of the waterfront property that has lay dormant for five years.

January 12, 2015 | Posted in Business, Major Headlines, Top Box | Read More »

Year in Review 2014: Colony Lender, Unicorp control 2.3 acres and key assets; $23 million ruling hangs in balance

Year in Review 2014: Colony Lender, Unicorp control 2.3 acres and key assets; $23 million ruling hangs in balance

Although 2014 saw no resolution to the myriad of complex legal battles that would allow the Colony Beach and Tennis Resort to redevelop, there was progress on several fronts. On July 14, 2014, several critical assets, namely 2.3 acres that comprise the tennis courts and recreational amenities, were acquired by Colony Lender in agreement with […]

January 6, 2015 | Posted in Major Headlines, Top Box | Read More »

Colony sale on-hold by appeal, Ocean Properties makes proposal

Colony sale on-hold by appeal, Ocean Properties makes proposal

‘Colony Lender risks immediate and irreparable loss, measurable in millions of dollars if the assets at issue are sold at an auction at which Colony Lender is forbidden to exercise the statutory right to a credit bid.’

June 24, 2014 | Posted in Major Headlines, Top Box | Read More »

Colony trustee considers sale of assets; legal landscape shifting

Colony trustee considers sale of assets; legal landscape shifting

William Maloney is considering an offer to sell the estate, including the $23 million ruling against the Colony unit owners, to Unicorp President Chuck Whittall.

May 4, 2014 | Posted in Major Headlines, Top Box | Read More »

Colony decision looms Monday

Colony decision looms Monday

Bankruptcy Judge Rodney May has said he will make his final ruling.

January 26, 2014 | Posted in Major Headlines, Top Box | Read More »

Colony Judge vows to rule in January

Colony Judge vows to rule in January

There were no high-fives, no fist bumps, congenial feelings, breaking of bread or grand slams in The Colony bankruptcy courtroom this week; only further delay and continuation as Judge Rodney May creeps closer to what appears to be a ruling that will likely be appealed.

December 9, 2013 | Posted in Major Headlines, Top Box | Read More »

Colony closing arguments loom

Colony closing arguments loom

Judge May said in court last week that while he does have concerns regarding the settlement plan, he believes there are “elements of a deal.”

December 1, 2013 | Posted in Major Headlines, Top Box | Read More »

Case for Colony settlement challenged in Federal Court

Case for Colony settlement challenged in Federal Court

Part of the Association’s global settlement that they are asking Judge May to approve is the ‘cramming down’ of the $15 million owed to Colony Lender and conveyance of their collateral to the group of owners.

November 25, 2013 | Posted in Major Headlines, Top Box | Read More »

Entire Colony Bankruptcy Court Transcript

Entire Colony Bankruptcy Court Transcript

Click on the pages below to read the entire Bankruptcy Court transcript of the Colony case held on October 10 before Judge Rodney May.

October 14, 2013 | Posted in Major Headlines, Top Box | Read More »