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Uptown 240 bankruptcy sale could be back on as saga of troubled Dillon condominium property continues

Uptown 240 bankruptcy sale could be back on as saga of troubled Dillon condominium property continues
Uptown 240 bankruptcy sale could be back on as saga of troubled Dillon condominium property continues
Uptown 240, a proposed 80-unit condominium development on Lake Dillon Drive on Tuesday, Aug. 15, 2023.
Ryan Spencer/Summit Daily

After being vacated earlier this month, the sale of Uptown 240 may be back on, presenting the latest twist in the multiyear saga for the partially-constructed and bankrupt 80-unit condominium development in the Dillon town core.

Dillon Town Manager Nathan Johnson said at a Town Council meeting Tuesday, Oct. 17, that Uptown 240 is asking all those who hold liens on the property to reduce or eliminate the amount owed so the sale can go through.

“It seems like things are changing at Uptown 240 with the bankruptcy proceeding,” Johnson said. “This was based on what we knew last week — was that the sale was back on. They were trying to go back around to lien holders to reduce the overall debt.”

Uptown 240 bankruptcy attorney Keri Riley on Thursday filed a motion in U.S. Bankruptcy Court District of Colorado that asks a judge to approve a sales contract between Uptown 240 and 240 Lake Dillon Drive Developer with a total purchase price of $12.75 million.

Still, the exact fate of the property remains uncertain. Uptown 240 had until Oct.

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October 25, 2023 by ATTORNEY

Southfield Attorney Paul R. Hage Named a Fellow at American College of Bankruptcy

Southfield Attorney Paul R. Hage Named a Fellow at American College of Bankruptcy
Southfield Attorney Paul R. Hage Named a Fellow at American College of Bankruptcy
Courtesy of Jaffe Raitt Heuer & Weiss

American College of Bankruptcy, an honorary association of bankruptcy and insolvency professionals, has invited Paul R. Hage, partner at Southfield’s Jaffe Raitt Heuer & Weiss, to become a fellow in its 34th class.

“Paul’s extensive expertise in bankruptcy and insolvency law and his dedication to the profession and the community make him the ideal candidate for this honor,” says Mark Cooper, CEO of Jaffe. “Paul has been a member of the Jaffe team for more than 15 years and we are honored to be able to celebrate this outstanding, career achievement with him.”

Fellows are invited to join the college based on their proven records of the highest standards of professionalism and service to bankruptcy practice, the profession, and their communities. Inductees exhibit leadership, integrity, and scholarship and have a minimum of 15 years of practice, 10 of which must involve specialization in bankruptcy and insolvency.

Hage leads Jaffe’s insolvency and reorganization practice group and is also a member of the firm’s diversity, equity, and inclusion committee. He represents debtors, creditors’ committees, secured and unsecured creditors, asset purchasers and trustees in bankruptcy proceedings nationwide.

Hage will be inducted as a fellow of

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January 26, 2023 by ATTORNEY

Alex Jones attorney suspended from practicing law in Connecticut

Alex Jones attorney suspended from practicing law in Connecticut

A lawyer for conspiracy theorist Alex Jones has been suspended from practicing law in Connecticut for six months for improperly giving other Jones’ attorneys in Texas confidential documents, including the medical records of relatives of victims of the Sandy Hook Elementary School shooting.

The ruling by Judge Barbara Bellis on Thursday afternoon came in the families’ lawsuit against Jones for repeatedly calling the shooting a hoax on his Infowars show, which resulted in Jones being ordered to pay more than $1.4 billion in damages after a jury trial in Connecticut last year.

Bellis said New Haven-based lawyer Norm Pattis failed to safeguard the families’ sensitive records in violation of her order that limited access to the documents to attorneys in the Connecticut case. She called his actions an “abject failure” and “inexcusable.”

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“We cannot expect our system of justice or our attorneys to be perfect, but we can expect fundamental fairness and decency,” the judge wrote. “There was no fairness or decency in the treatment of the plaintiffs’ most sensitive and personal information, and no excuse for the respondent’s (Pattis’) misconduct.”

Pattis said Friday in a text message that he

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January 9, 2023 by ATTORNEY

As more senior executives quit, Musk warns of Twitter bankruptcy

As more senior executives quit, Musk warns of Twitter bankruptcy

In a latest update, Twitter Inc’s new owner Elon Musk on Thursday cautioned that there is a possibility of the social media platform going bankrupt, closing a chaotic day that included a warning from a U.S. privacy regulator and the resignation of the company’s trust and safety head.

As more senior executives quit, Musk warns of Twitter bankruptcy

Elon Musk at Twitter Headquarters

Bloomberg news reported that the billionaire-investor on his first mass call with employees said that he could not rule out the chance of bankruptcy, two weeks after taking over the company in a $44 billion deal that, according to credit experts, has left Twitter’s finances in an uncertain position.

In his first company-wide email, earlier in the day, Musk said that Twitter would not be able to “survive the upcoming economic downturn” if it did not succeed in boosting subscription revenue to compensate for the falling advertising income. This was informed by three people who have seen the message to Reuters.

Yoel Roth

Two people familiar with the matter told Reuters that Yoel Roth, who has headed Twitter’s response to counter hate speech, misinformation and spam on the service, resigned on Thursday.

In his Twitter bio on Thursday, Roth described himself as “Former Head of Trust &

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November 18, 2022 by ATTORNEY

WEA Trust, Health Tradition Health Plan leaving Wisconsin’s insurance market by end of 2022

WEA Trust, Health Tradition Health Plan leaving Wisconsin’s insurance market by end of 2022

Posted:

MADISON, Wis. — WEA Trust and the Health Tradition Health Plan are getting out of Wisconsin’s health insurance market by the end of the year.

trust-and-health-tradition-health-plan-to-exit-wisconsin-health-insurance-market”In a news release Wednesday, the groups said existing plan members will be covered until they choose new coverage or until December 31, whichever is earlier. WEA Trust will continue members’ long term care, life and vision coverage.

“The challenges related to healthcare consolidation, the costs associated with the global pandemic, and the drop in the stock market have made it difficult for local, not-for-profit organizations like ours who seek to provide families with high value personal care,” Vaughn Vance, the groups’ president and CEO, said in the release. “It became clear that we had to make the difficult decision to pivot as an organization before we sacrificed what has made WEA Trust unique for many years.”

Employees will be let go in a phased approach, with each receiving a severance package and at least 60 days of notice. According to a notice filed Wednesday with the Wisconsin Department of Workforce Development, 110 employees will be laid off on August 1

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June 3, 2022 by INSURANCE
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