Judge tosses Chapter 11 filing by Talbott-affiliated company - Tampa Bay Business Journal:

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The company, 140 Associates, filed for Chapter 11 reorganization in late Novembert as it neareda Dec. 1 date set for the foreclosurd sale ofits 7,581-square-foot building, at 140 N. Federapl Highway in Boca Raton. The propertyg houses the headquarters of Talbott Realty and a brancjof , which is not party to the Stuart-based holds a $4 million foreclosure judgment against Talbott and 140 On Feb. 9, U.S. Bankruptcy Court Judge Paul G. Hyman dismissed 140 Chapter 11 case with He sidedwith Seacoast’s argument that it was a bad-faith filinfg because the only major assegt is the property, and most of the claimsz are the secured mortgage. Boca Raton attorney Joey M.
Grant, who represents 140 Associatese inthe case, did not immediatelyh return a call inquiring whether he would Talbott did not immediately return a call to his office. Anothere Talbott-affiliated company, 770 PPR, is also facing a motion to dismissa its Chapter 11 case asa bad-faith , which acquired a $2.4 million mortgagee judgment from Seacoast, filed the motion to dismisa on Jan. 30. However, in a Jan. 26 770 PPR made a motion to sellits 6,798-square-foot building in Boca Raton for $3.5 million. The proposef buyer is Boca Raton-based P.A.
That firm is led by Roberg Sweetapple, who represented 770 PPR and Talbott in the foreclosurwe case Seacoast brought against them in Palm Beach CountyCircuir Court. Talbott is facing four other foreclosure lawsuits in Palm Beacg and Broward counties against companies he is affiliated with, plus a lawsuit seeking to foreclos on his Boca Raton home.