Bulk Cable Contract Pushes Association to Bankruptcy

August 30, 2009
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A homeowners association in Davenport, Fla., has filed for Chapter 11 bankruptcy protection, mainly for an unpaid bill of more than $100,000 to the development's cable company.

The bankruptcy petition listed two creditors holding unsecured claims against the association: an outstanding debt of $105,305.45 owed to a cable company and $50,000 for legal services provided by an Orlando law firm.

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