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Chinese investors seek forced bankruptcy of North Texas developments
The Dallas Morning News ^ | 18 April 2020 | Steve Brown

Posted on 04/18/2020 5:49:28 PM PDT by MeneMeneTekelUpharsin

Chinese investors who agreed to provide millions of dollars in funding for a series of North Texas land development deals are moving to put the projects in bankruptcy. The forced bankruptcy attempts involve suburban land developments in several locations. The developers of the projects say the Chapter 7 filings have no merit and are part of long-running legal disputes.

The development projects — including WALL017 LLC, WALL012 LLC, WALL016 LLC, WALL009 LLC, WALL010 LLC and WALL011 LLC — were launched by companies organized by Dallas-based JMJ Development. Chinese investors agreed to provide millions of dollars in funding for the hundreds of acres in Kaufman, Tarrant, Johnson and Parker counties.

(Excerpt) Read more at dallasnews.com ...


TOPICS: Business/Economy; Culture/Society; Miscellaneous; News/Current Events
KEYWORDS: bankruptcy; china; investors; texas
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To: GOP Congress

Thank you, sir.


21 posted on 04/19/2020 2:12:46 AM PDT by Hulka
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To: EinNYC

This is truly frightening. It is so planned and what have our great leaders been doing about it for the past 30 years? We have been had. It is a sellout of our very land by our corrupt, phony politicians.


22 posted on 04/19/2020 7:24:01 PM PDT by cradle of freedom (Why are they called globalists? Because they want the whole world!)
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To: cradle of freedom

There aren’t enough meat hooks to hang all the traitors that sold us out to the CCP.


23 posted on 04/19/2020 7:29:11 PM PDT by dfwgator (Endut! Hoch Hech!)
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