One of Florida's biggest condominium converters who handled over $110 million in projects will lose four luxury homes, art and wine collections, and a Welsh pony -- but not his dog -- in a proposed bankruptcy settlement. Juan Puig has also agreed to submit to a lie detector test to ensure his honesty with creditors. The agreement would bring to a close the most contentious chapter of a bankruptcy saga that encapsulates the boom-to-bust condo conversion market in South Florida.
September 13, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
One of Florida’s biggest condominium converters who handled more than $110 million in projects will lose four luxury homes and art and wine collections in a proposed bankruptcy settlement.
Juan Puig also agreed with creditors to submit to a lie detector test to ensure his honesty with creditors, including Miami-based Ocean Bank and Compass Bank in Jacksonville, Fla.
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