Bluffs at Brush Creek apartment project in Kansas City files bankruptcy
Written on March 20, 2010
Tailor Made Enterprises LLC of Lee’s Summit has petitioned for Chapter 11 bankruptcy protection for its Bluffs at Brush Creek apartment project in Kansas City.
The petition, filed Tuesday in the western Missouri district of U.S. Bankruptcy Court, lists assets of about $5.6 million. They include the 60-unit apartment complex, valued in the petition at $5.6 million, and $1,000 on deposit at a local bank.
The petition lists total liabilities of $3.2 million. They include $3 million owed on a $5 cheapest personal loan rates.6 million mortgage held by Litton Loan Servicing of Houston and $50,000 owed on a second mortgage held by AWM Real Estate Fund in Overland Park.
Richard Mullins, the owner of the complex, was not immediately available, nor was his bankruptcy attorney, Lydia Carson of Carson Law Center in Kansas City.
Filed in: management.