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Banking / Finance

January 09, 1991|James S. Granelli; Times staff writer

Walters Creditors: Those left in the lurch by former Denver developer Bill Walters will get a chance to weigh in Friday at the first meeting of creditors in his personal bankruptcy case in Santa Ana.

Walters, who defaulted on about $100 million in loans at the failed Silverado Banking, Savings & Loan in Denver, had told a congressional committee last summer that he was broke.

But it was later discovered that he spent time at a $1.9-million Newport Beach estate, a $1-million desert retreat and a $250,000 mobile home on prime oceanfront property in Laguna Beach.

He then filed a bankruptcy petition, listing debts of $279 million. Creditors will gather at 9 a.m. Friday at the U.S. Bankruptcy Court in Santa Ana for their first review of his finances.

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