Owners of Highlands Apartments Files Chapter 11 Petitions In Northern District
The owners and managers of several related apartment complexes in Norcross, Georgia filed Chapter 11 petitions in the Northern District of Georgia, apparently as a result of the real estate market. The filings were precipitated by the filing of a suit in Fulton County by Regions Bank to appoint a receiver.
The cases are:
MPI EAGLES, LLC, Case No. 09-73804-jem (dba "Highland Corners Apartments")
MPI ASHLEY, LLC, Case No. 09-73808-jem (dba "Highland Lakes Apartments")
MPI HUNTERS, LLC, Case No. 09-73811-jem dba ("Highland Valley Apartments")
MPI RESERVE, LLC, Case No. 09-73813-jem (dba "Highland Reserve Apartments")
I received two notices by mail on Friday last week, and had no idea what they were referring to until I researched "MPI Hunters" and "MPI Eagles" online, and found that Highland Valley had filed for Chapter 11.
I live at Highland Valley Apartments and have for a long, long time (they were formerly known as Hunters Pointe). How will their filing for bankruptcy effect me? I pay for gas, electric, and phone myself, but water is covered through the leasing office as part of my rent. I don't want my water cut off! (And they just raised my rent two months ago, too!)