Filing Alert: Scotland Development Chapter 11

Scotland Development Corp, a Laurinburg, NC-based real estate holding company that owns certain campus assets of St. Andrews University, filed for Chapter 11 protection on Feb. 17 in the U.S. Bankruptcy Court for the Middle District of North Carolina.

The company reports $5.6 million in assets and $11.2 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-80045.

Top Unsecured Claims

Key Parties

Counsel:

• John A Northen
  Northen Blue LLP
  Email: [email protected]

Signatories:

• Andrew G. Williamson, Jr. – President

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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