Thursday, November 17, 2011

Snyder's Company Files for Bankruptcy

A holding company once created to manage more
than 60 acres of land off Stroudwater Street initially destined for a
multimillion-dollar commercial development plan has filed for bankruptcy.Jason
Snyder, the owner of the land and the holding company, 500 Westbrook LLC, filed
paperwork in U.S. Bankruptcy Court on Nov. 4 under Chapter 11. The paperwork
lists the company as the debtor, and Snyder as the company’s manager.
- John C.L. Morgan

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