![]() ![]() They offered up a competing plan Antaramian didn’t like, which resembles the joint plan now moving ahead.Īntaramian and his representatives filed four plans on their own. Bankruptcy Court Judge Caryl Delano at one point said she’d have a hard time finding he filed his plan in “good faith” because it left so much property in his control, while not fully paying off some of his creditors.Įven after Antaramian revised his plan several times, his partners continued to fight it. The plan was designed to unify the resort, club and shops, putting them all under his control. In November, Antaramian filed a reorganization plan he hoped his former partners and other creditors would accept - and the court would bless. With million-dollar judgments and a series of court rulings against him, Antaramian said at the time he had no choice but to seek bankruptcy protection to reorganize his company, so it could pay off what it owed. 29, his company, Antaramian Properties LLC, filed for Chapter 11 protection, with more than $20 million in debt. 2 inside his condo’s garage at the Naples Bay Resort, killed by what Naples police determined was a self-inflicted gunshot wound. Bankruptcy Court, in the Middle District of Florida.Īntaramian was found dead Feb. The plan is intended to “end all litigation claims relating to the resort,” according to court filings in the Fort Myers division of the U.S. The reorganized company would be owned by Antaramian’s former partners in the project and his company’s largest creditor. The parties, along with two other creditors, are proposing a joint plan for reorganization that would create a new company to take control of the resort project, as both developer and manager. Though Naples developer Jack Antaramian has died, the bankruptcy cases involving his businesses live on.Ī compromise in bankruptcy cases involving two companies and a family trust carrying his name could bring an end to a long-running, bitter legal feud involving the Naples Bay Resort project near Tin City in downtown Naples.
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