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Santa Barbara County developers file for bankruptcy

By   /   Friday, January 20th, 2012  /   Comments Off on Santa Barbara County developers file for bankruptcy

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Two Santa Barbara County developers have filed for personal bankruptcies, listing more than $15 million in liabilities each, and putting two area mixed-use projects in limbo. Santa Barbara resident Hugh Thorson filed for Chapter 11 bankruptcy protection, listing $17.7 million in liabilities and $2.7 million in assets. Business partner and Santa Ynez resident Terry Flatley…

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Managing Editor

Marlize van Romburgh covers banking, finance, agricultural and viticulture. She writes a weekly column on commercial real estate and a monthly column on the restaurant industry. Follow her at @marlizevr