Holy Ground Tiny Homes builder under criminal investigation, bankruptcy

ENGLEWOOD, Colo. (KDVR) — A convicted felon who promised to build people their tiny dream home has instead filed for bankruptcy and faces an investigation by the Englewood Police Department.

Matthew Sowash and his attorneys did not return phone calls or emails to the Problem Solvers, but FOX31 spoke to multiple people who fear they could be out of their life’s savings.

“I really hope he’s not a fraudster,” Samara Nait, a 24-year-old mom with a 3-year-old daughter, said.

She was the first customer the Problem Solvers interviewed back in September.

At the time she was living out of her car because the 400-square-foot tiny home she paid for in full, $64,000, never arrived in Paonia by Sept. 1.

“It’s super stressful. I mean I feel like I have no other choice but to just trust that he’s going to come through because I don’t even want to think about losing that money,” Nait said.

Status of Sowash’s tiny home business

The day before FOX31 interviewed Nait, she showed up at the Holy Ground Real Estate warehouse in Englewood, where the tiny homes are built, to ask for her house or a refund.

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October 29, 2022 by ATTORNEY

Chapter 7 Bankruptcy: What to Expect & How Bankruptcy Works | Business

Filing for bankruptcy is never an easy choice.

But sometimes, it can feel like the only way to escape the vice grip of debt and move on with life.

Most personal bankruptcy filers will turn to a Chapter 7 bankruptcy, which offers almost total debt forgiveness and a quick discharge time.

But before you can get a fresh start from a Chapter 7 bankruptcy, you should know the basics — and what to expect from the bankruptcy process.

What Is Chapter 7 Bankruptcy?

In researching your options, you’ll find there are two common types of bankruptcy for individuals and couples: Chapter 7 and Chapter 13. While similar in many ways, they differ in some big areas.

Chapter 7 bankruptcy, also known as “liquidation bankruptcy,” is a bankruptcy by which individuals or couples who are deemed to not have a high enough income to pay back debts can absolve themselves through liquidating their assets. You can include both secured debts and unsecured debts.

If the liquidation doesn’t cover the entire debt, then the remaining balance is typically forgiven.

Chapter 13 bankruptcy, also known as “wage-earner bankruptcy,” is for those whose income or other qualifiers make them ineligible

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October 28, 2022 by ATTORNEY

Moskovits, Lichtenstein Lose Stake in Williamsburg Apartments

Moskovits, Lichtenstein Lose Stake in Williamsburg Apartments
Moskovits, Lichtenstein Lose Stake in Williamsburg Apartments

From left: Hutton Capital’s Ron Friedman, BridgeCity’s Allan Lebovits, Toby Moskovits, and Heritage Partners’ Michael Lichtenstein along with 225-227 Grand Street in Brooklyn (Getty, Google Maps, Hutton Capital, BridgeCity, Heritage Partners)

The apartment and retail building at 225-227 Grand Street in Williamsburg cemented Toby Moskovits’ rise as a Brooklyn developer. Now it could represent her fall.

The 41-unit property has been sold at a bankruptcy auction to the sole bidder: its mezzanine lender, an entity that includes Hutton Capital’s Ron Friedman, Rosewood Realty’s Aaron Jungreis and BridgeCity Capital’s Allan Lebovits.

It’s the latest sign of trouble for Moskovits and business partner Michael Lichtenstein, who lost control of the nearby Williamsburg Hotel to a trustee in June as part of a separate bankruptcy.

The saga of 227 Grand Street involves some of the biggest players in Brooklyn real estate.

A decade ago, Moskovits’ firm tapped prolific architect Karl Fisher to design the building, whose oversized black windows, red brick facade and expansive rooftop symbolized Williamsburg’s cool industrial aesthetic at a time when the neighborhood was still evolving into a haven for well-to-do millennials.

In 2011, Moskovits turned to up and coming Brooklyn landlord Yoel Goldman to invest in the project,

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October 22, 2022 by ATTORNEY

Alex Jones arms for verdict fight with Sandy Hook parents

Alex Jones is not rushing into bankruptcy protection after a Connecticut jury ordered him to pay $965 million in defamation damages to eight Sandy Hook families last week, his attorney said on Monday.

“[T]here is simply no need for a bankruptcy filing until the appellate courts have handled these cases on appeal,” said Jones’ bankruptcy attorney Shelby Jordan, speaking not only of the eye-opening Connecticut verdict but the $49 million a Texas jury ordered Jones to pay in August to parents of a slain Sandy Hook boy Jones defamed. “Keep in mind that these judgments were obtained by barring almost all defensive testimony to the damage claims made and in particular allowing the jury to hear only one side of that evidence.”

The first post-verdict fight will come on Thursday where Jones will ask a Texas judge to apply the state law’s $750,000 limit on punitive damages in civil cases, and deny a claim by the Sandy Hook parents that they are exempt from the cap because of their severe emotional suffering.

The two sides couldn’t be further apart.

The parents of the slain Sandy Hook boy argue they’re entitled to the $45 million in punitive damages the jury awarded

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October 20, 2022 by ATTORNEY

Auto suppliers turn to bankruptcy to renegotiate contracts

Suppliers have so far been largely successful in obtaining pricing relief from automakers, according to attorneys and consultants involved in the discussions. But as suppliers intensify their efforts for price increases, and OEMs face a bleaker economic outlook and major supplier-related financial losses, it’s less of a guarantee who blinks first at the negotiation table.

The situation is not nearly as dire as the Great Recession of 2007-09, but suppliers across the tiers continue bearing the brunt of supply chain pain, and they are not afraid of pulling the bankruptcy card, according to Max Newman, attorney at Detroit-based Butzel Long who specializes in Chapter 11 proceedings.

“There have been threats of bankruptcy in connection with price increases, and there’s sort of an implicit threat of bankruptcy whenever a supplier is seeking a price increase because an OEM doesn’t just hand them out to anybody,” Newman said.

In the past few months, at least five automotive suppliers have filed for bankruptcy while others have moved to close plants in Michigan as supply chain volatility and inflation bloat the cost of doing business.

In many instances, suppliers are locked into contracts entered before the COVID-19 pandemic and supply crisis flipped the

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October 16, 2022 by ATTORNEY
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