2,500 SRNS workers returning to full time
Kahn bankruptcy hearing set
A hearing into the bankruptcy filing of Alan Kahn, one of Columbia biggest real estate developers, has been continued until June 10. Kahn, the developer of Village at Sandhill, filed for bankruptcy protection last month for himself and two of his companies after accumulating more than $50 million in debt during the recent recession. The majority of that money, more than $32 million, is owed to Gibraltar BB4 LLC, according to a debt collection judgment issued in November in Richland County. Gibraltar is a real estate acquisition and investment division of Toll Brothers, a publicly traded home-building giant based in Pennsylvania. Kahn also owes nearly $6 million to TD Bank, which a year ago sued for the balance owed on a loan for a shopping center in Virginia that the bank foreclosed on. The June 10 hearing will be his first meeting with creditors in the bankruptcy proceedings.
Markets post losses for the week