MIAMI, FL – June 2, 2016 – Chapter 11 bankruptcy trustee Ross R. Hartog, a Shareholder with Markowitz Ringel Trusty + Hartog, obtained approval from the U.S. Bankruptcy Court for the Southern District of Florida to sell a 52-unit apartment complex.
Hartog was appointed as the chapter 11 trustee for a non-profit that provides low-income housing in Miami-Dade County. Hartog has operated the business as Trustee since January 2016. The business owns several parcels of real estate including a large 52-unit apartment complex. On May 24, 2016, Hartog conducted an auction to sell the complex. The final bid totaled $4,390,000. On May 25, 2016, Hartog presented the results of the auction to the bankruptcy court for its consideration. The Court approved the sale and entered its order on same on June 2, 2016. At the same time, Hartog obtained approval of a chapter 11 plan of reorganization, which will pay all creditors in full and return more than $1,000,000 to the non-profit that will allow it to continue serving its charitable purposes.
Markowitz Ringel Trusty + Hartog concentrates on the representation of businesses, institutions, fiduciaries, and individuals across several practice groups, which include Restructuring & Insolvency, Litigation & Dispute Resolution, Real Estate & Business, Probate & Guardianship, and Trusts & Estates. Dedication to clients and service to the community are the principles upon which Markowitz Ringel Trusty + Hartog were founded more than 35 years ago, and upon which it still operates today. For more information, please visit www.mrthlaw.com.