Dismissed: St. Marie Bankruptcy Case
It’s been a tumultuous road for development at St. Marie. A decision made by a judge late last week could make an impact for St. Marie Development Corporation of MT.
U.S Bankruptcy Judge Ralph B. Kirscher ruled Thursday, June 5, that the filing for bankruptcy would be dismissed for various reasons. The Valley County commissioners last month discussed trying to have a Chapter 7 bankruptcy filed, versus a Chapter 11 that some property owners wanted – but all of it was dismissed.
An argument issued in the order was a requirement of insurance on property. The court document from U.S. Ba...