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A U.S. District Court judge has put the former Knox Mill properties in Camden into receivership, a form of bankruptcy in which reorganization is coordinated by a trustee, due to unpaid mortgage bills.
The order, issued March 31, appoints Gray and Associates of Baltimore, Md., as receiver for the properties, which are owned by Maine Investment Properties, also of Baltimore, according to VillageSoup. The order is in response to a March 17 civil action filed by Pittsburgh, Pa.-based PNC Bank, which holds the mortgage to the properties. PNC asked the court to appoint Gray and Associates to manage, operate and sell the properties, claiming Maine Investment Properties and related LLCs owed nearly $20 million in unpaid mortgage bills.
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
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Learn MoreFew people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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