Brian Marshall to lose yacht and cars? 0
When you are in financial trouble, you have to let go of the luxury baubles and the assets that may be dear to you. This is precisely what Brian Marshall is finding out. Brach Banking & Trust Co. has already taken his yacht called “Pair A Dice” and now the bank wants to get hold of hi luxury Bentley as well as Ferrari. Porsche and Land Rover cars. These assets will go towards making good the $21 million that Brian owes the bank. Marshall and his companies have also been forced to foreclose a waterfront lot on Davis Islands that he had paid $2.8 million for in 2007 as well as an office on Willow Avenue that he had paid as much as $3.7 million for, back in 2006.
Marshall and his many companies have fallen on bad times where he has had to put 8 of his many companies on Chapter 11 bankruptcy protection. This includes Initech Restoration, Marshall Investments as well as Villas of Tampania LLC, to name just a few. There are also demands being made that instead of Chapter 11 reorganization, it would be better to go in for Chapter 7 liquidation such that the company may pay off its many debts.
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