Dec. 2008 Article: Wellstone at Craig Ranch III LLC has filed for Chapter 11 bankruptcy protection in hopes of getting a mortgage release.
The undeveloped tract covers about 42 acres in the 2,200-acre Craig Ranch development in McKinney.
In its Dec. 1 filing in the U.S. Bankruptcy Court for the Eastern District of Texas, Wellstone listed assets of between $1 million and $10 million, liabilities of the same range and estimated that it has between one and 49 creditors.
Dallas Business Journal
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