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

Ryan Spencer/Summit Daily
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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Landlord Josh Bruno presses fight to reclaim complexes | Courts

Cypress Park and the other properties that Bruno placed in bankruptcy still have some tenants. They include Forest Park, Liberty Park and Washington Park on the city’s east bank, and the 45-unit Riverview apartments in Kenner.


Ashonta Hoffman said the pool at Oakmont Apartments in Algiers used to be beautiful and clear when she first moved there. It’s now full of algae and mosquitoes on Thursday, April 28, 2022. (Photo by Chris Granger | The Times-Picayune | The New Orleans Advocate)

All of them are now managed by a trustee appointed by Grabill last summer. Grabill has set hearing dates over the first two weeks of April to air the competing plans before deciding to approve Bruno’s reorganization or liquidate.

The fight is over control and management of properties that advocates claim Bruno ran into the ground while attempting to illegally evict some tenants during the height of COVID.

Fannie Mae, the lender, pushed in 2021 to foreclose, claiming Bruno failed to make timely payments on his notes. Bruno alleges that Fannie Mae duped him while he was working out a forbearance.

In Thursday’s court filing, Bruno says he aims to repair, renovate and redevelop

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

Courtesy of Jaffe Raitt Heuer & Weiss
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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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.”


“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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Flood insurance hikes will drive 1 million people from market, FEMA report says | Business News

ST. LOUIS — When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation’s flood insurance program will prompt more people to sign up for coverage, even though many will pay more for it.

But in a FEMA report obtained by The Associated Press under the Freedom of Information Act, the agency estimates 1 million fewer Americans will buy flood insurance by the end of the decade — a sizable number of people at risk of catastrophic financial loss.

As climate change drives increased flood risk in many parts of the country, FEMA has updated its flood insurance program to more accurately reflect risk, but also make the program more solvent. It’s a response in part to criticism that taxpayers were funding big payouts when coastal mansions in risky locations flooded.

But nine senators from both parties expressed “serious concerns” about the new pricing system in a letter last September, after hearing that the agency’s internal numbers predicted policies would drop off by 20%. The next month FEMA told the AP those figures were “misleading” and “taken out of context” and that on the subject of how many people will be insured “there

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