Sixells investor Skidmore seeks Chapter 11 protection - Puget Sound Business Journal (Seattle):

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Filed incomplete July 2 in the Eastern District of California, the bankruptcy documents list more than 50 creditors, assets of more than $1 million and liabilities of more than $10 Sixells was developing high-enx projects near Fair Oaks Boulevard and off of Fultobn Boulevard that began going sidewayw as early as 2005 when they were hit with wavess of mechanics liens. Skidmore was an investord with Sixells, not a developer, and as such had made personalo guarantees on loansfor Sixells.
When the developer could not pay, the banks came after Skidmore filed suitsand counter-suits that claimecd the banks didn’t manage their loans and had kept givinf Sixells money even when projectd were seriously out of schedule. Skidmorw was sued last fall byseveraol banks, including , and . Skidmord founded and served as chairma n for 11 yearsof . He stepped down from that positio nlast week, ahead of the bankruptcuy filing. Greater Sacramento was not involved in the constructionjloan suits.