Chapter 7 Bankruptcy, Texas-Style

Written by CFB Blogger. Posted in Blog

Biscayne Group Inc., an Austin, Texas-based construction and design company specializing in aquatic and wildlife exhibits, has filed Chapter 7 bankruptcy in the Western District of Texas Austin Division U.S. Bankruptcy Court. Bankruptcy documents show that Biscayne Group has assets of $509,055.61 and staggering debt of $6,486,983. The company’s largest creditors are PlainsCapital Bank and Guarantee Company of North America. Only the PlainsCapital debt is secured, according to bankruptcy documents. Biscayne Group Vice President, Brett Cavaliero, signed the bankruptcy documents on behalf of the corporation. According to an article in the Austin Business Journal by Jan Buchholz, co-debtors on some of the larger claims include Cavaliero’s wife, Kristie Reeves-Cavaliero, and James Post, Biscayne’s President. Post’s wife, Robyn Post, is also listed on some claims as a co-debtor, along with CPM Holdings LLC. Cavaliero and Post are also shown to be owed personal loans to the corporation; Cavaliero owed $364,663 and Post owed $298,413. Other unsecured creditors include American Express; Chase Bank; HD Supply Industrial PVF; James Jones Jr.; Rain by Design Irrigation & Plumbing; Ryan Herco and Thompson Concrete Construction. Biscayne Group has built aquatic displays for such clients as Cabela’s; Smithsonian Institution; Marriott hotels; Golden Nugget casino; the Los Angeles Zoo; Houston Zoo; San Antonio Zoo; Audubon Zoo; California Science Center; Carnival Cruise Lines; SeaWorld in Orlando, Florida; Texas A&M University and Old Dominion University. For experienced and knowledgeable Chapter 7 or Chapter 13 personal bankruptcy assistance, trust the attorneys from Client First Bankruptcy who have helped thousands of satisfied clients discharge their debt. For your free initial phone consultation, please call our knowledgeable and compassionate lawyers toll-free Monday through Friday from 8:30 a.m.-6:00 p.m. Central Time at 800-383-6004.  And you can log onto www.clientfirstbankruptcy.com for vital and timely bankruptcy information 24/7 so you can get the information you need at your convenience. You and your family deserve to live without overwhelming debt hanging over your head. Call us; we may be able to help you and your loved ones get out from under the burden of overwhelming debt.