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Archive Home > 2008 > December > 23 > Bend 1031 exchange files for Chapter 11

Bend 1031 exchange files for Chapter 11

Clients could recover some of their money but face tax liabilities

By Andrew Moore / The Bulletin
December 23, 2008

Bend-based Summit Accommodators Inc., which does business as Summit 1031 Exchange, filed for Chapter 11 bankruptcy protection Friday and was placed in receivership, saying it’s short approximately $14.2 million out of a total of $27.8 million due its clients, according to a statement....

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