Island One Inc. and five affiliates of the resort company filed for bankruptcy Chapter 11, on September 10,2010.
The company listed both assets and debt in the range of $100 million to $500 million.
“The fall of the real estate markets in Florida and throughout the U.S. and the general downturn in the economy have significantly impacted the resort development and hospitality industries,” lawyers for Island One wrote in court papers.
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