Community Bank of Florida recovers 97% of loan on Homestead property sale

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On his Schedule A of liabilities, Torcise listed the claim of Community Bank for $1,499,476.86 on a loan secured by a lien on real property and farm equipment. On March 29, 1991, the Bankruptcy Court confirmed, over the Bank’s objection, a liquidating chapter 11 plan.

Despite losing $7 billion in 12 months, software man retains his title as America’s richest person for the 16th straight year. Microsoft shares down 8% in past year but up 65% from March lows. He.

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