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Hokuli‘a bankruptcy plan is OK’d

The proposal for the stalled Big Isle project would reorganize $670 million in debts

By Andrew Gomes

POSTED: 01:30 a.m. HST, May 13, 2014

~~<p>A U.S. Bankruptcy Court judge confirmed a plan Monday to restructure massive debts on the stalled Hokuli'a luxury home subdivision on Hawaii island, clearing the way for sales and development to resume at the $1 billion project.</p>
<p>Bankruptcy Judge Robert Faris confirmed a plan by Hokuli'a developer 1250 Oceanside Partners and two affiliates to emerge from Chapter 11 and reorganize nearly $670 million in debts.</p>
~~

A U.S. Bankruptcy Court judge confirmed a plan Monday to restructure massive debts on the stalled Hokuli'a luxury home subdivision on Hawaii island, clearing the way for sales and development to resume at the $1 billion project.

Bankruptcy Judge Robert Faris confirmed a plan by Hokuli'a developer 1250 Oceanside Partners and two affiliates to emerge from Chapter 11 and reorganize nearly $670 million in debts. Login for more...



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