Resort Wins Approval Of Ch. 11 Plan, Drawing Bank Ire

By Igor Kossov ( January 21, 2015, 5:36 PM EST) -- A Florida bankruptcy court on Tuesday confirmed resort company Scrub Island Development Group Ltd.'s amended Chapter 11 plan to finish construction work in the British Virgin Islands and take 30 years to repay up to the full amount of its $122.5 million loan from FirstBank Puerto Rico....

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