As we get closer to foreclosure day next week, the Chapter 11 filings are coming in. Friday, Chapter 11 petitions were filed by the Le Jardin community developer. The principal in Le Jardin and related entities, an upscale development located in South Fulton along Highway 92, Campbellton-Fairburn Highway, is former Braves player Brian Jordan. The filing comes after a Chapter 11 filing by Jordan’s business partner, Stephen Macauley (as noted in this post).
The following related entities are part of this new filing:
08-77019 |
11 |
Le Jardin, LLC |
Filed: 08/29/2008 |
08-77022 |
11 |
BOJ Homes at Twin Lakes, LLC |
Filed: 08/29/2008 |
08-77024 |
11 |
BOJ Twin Lakes Investments, LLC |
Filed: 08/29/2008 |
08-77025 |
11 |
BOJ Reserve Investments, LLC |
Filed: 08/29/2008 |
08-77027 |
11 |
Retail at Le Jardin, LLC |
Filed: 08/29/2008 |
The filings were apparently to stay foreclosure proceedings by Fairfield Financial Services, Inc., which describes itself as a hard money lender. Fairfield’s foreclosure notices indicates it is owed in excess of $30 million.