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CALIFORNIA | LOCAL
December 2, 1989 | PENELOPE McMILLAN, TIMES STAFF WRITER
The financier behind some of Los Angeles' worst slums has filed for bankruptcy protection from creditors, and a federal bankruptcy examiner has questioned the ability of his companies to fully pay an estimated $110 million in debts to investors and creditors. Alexander Spitzer, a central figure in the city's landmark lawsuit this year against slumlords and their lenders, filed Monday for protection under Chapter 11 of the U.S. Bankruptcy Code.
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CALIFORNIA | LOCAL
December 2, 1989 | PENELOPE McMILLAN, TIMES STAFF WRITER
The financier behind some of Los Angeles' worst slums has filed for bankruptcy protection from creditors, and a federal bankruptcy examiner has questioned the ability of his companies to fully pay an estimated $110 million in debts to investors and creditors. Alexander Spitzer, a central figure in the city's landmark lawsuit this year against slumlords and their lenders, filed Monday for protection under Chapter 11 of the U.S. Bankruptcy Code.
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NEWS
July 22, 1989 | LAURIE BECKLUND, Times Staff Writer
An Inglewood lender who is a central figure in a landmark Los Angeles lawsuit aimed at the financiers of some of the city's worst slums has defaulted on about $90 million in loans from banks and has stopped making payments to investors in his companies, an attorney for the businessman confirmed Friday.
NEWS
July 22, 1989 | LAURIE BECKLUND, Times Staff Writer
An Inglewood lender who is a central figure in a landmark Los Angeles lawsuit aimed at the financiers of some of the city's worst slums has defaulted on about $90 million in loans from banks and has stopped making payments to investors in his companies, an attorney for the businessman confirmed Friday.
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