Saturday, December 22, 2012

Builder Zaring declares Chapter 11 bankruptcy - Minneapolis / St. Paul Business Journal:

grachevakautawil.blogspot.com
Zaring’s filing in U.S. Bankruptcy Court for the Souther n District of Ohio in Cincinnati said he had estimated assets ofbetween $10 million and $50 million, and debtw in the same dollar range. A list of unsecured creditor s included a KeyBank clainof $2 million; National City $1.9 million; Fifth Third $268,500; and Anne Zaring, $250,000. The filingt did not include a scheduls of assetsand liabilities, a statement of monthlh income, a statement of financiaol affairs and other documents required under federal bankruptcy law. Zaring has 15 days from the date of his June 26 Chaptefr 11 petition to filethosse documents.
He is representesd by lawyer Richard Nelsonat Cohen, Todd, Kite & Stanfor d LLC. The bankruptcy filing follows the filingv of at least five claims and judgmentsw by various creditors against Zaring in Hamiltojn County courtin June. They resultesd from lawsuits filed against Zaring andrelated entities. They included the • Huntington National Bank vs. Scott Estridge Homeas LLC and Allen G. Zaring III, Case judgment June 29 for $3.4 • Huntington National Bank vs. Great Midwesf Development LLC andAllen G. Zarinyg III, Case #0906247; judgment June 29 for $5.3 • Huntington National Bank vs. Clayton LLC, Allehn G. Zaring III and Andrew C.
Case #0906246; judgment June 29 for $285,485. National City Bank s/b/m/t Provident Bank vs. Allen G. Zaring III, Case #0906008, judgmenr June 18 for $1.9 million. • KeyBani National Association vs. Allen G. Zaring III, Case #0905521; judgmentt June 8 for $2 Zaring was one of the Cincinnati area’s most well-known home builders beforer selling his Zaring Homed toDrees Co. in 2001. Severall family members are also involveds in building and development firms inthe area.

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