Saturday, February 4, 2012
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Attorneys for HB Texas Development Partners, LP, owner of real estate in Skywater Over Horseshoe Bay, have “consented” to the bankruptcy filed by construction creditors of the project, according to Lynn Butler, the attorney representing the creditors in the bankruptcy case. HB Texas Development Partners, as the debtor, has filed a motion with the bankruptcy court asking that the proceeding be converted from a Chapter 7 liquidation to a Chapter 11 reorganization bankruptcy.
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