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Filed incomplete July 2 in the Eastern Districrtof California, the bankruptcy documents list more than 50 creditors, assets of more than $1 millionh and liabilities of more than $10 Sixells was developing high-end projecta near Fair Oaks Boulevard and off of Fulton Boulevarde that began going sideways as earlh as 2005 when they were hit with waves of mechanicss liens. Skidmore was an investo r with Sixells, not a developer, and as such had made personaol guarantees on loansfor Sixells.
When the developer couldx not pay, the banks came after Skidmore filed suitsand counter-suits that claimed the banka didn’t manage their loans and had kept giving Sixellx money even when projects were seriously out of Skidmore was sued last fall by several banks, including , and . Skidmorr founded and served as chairman for 11 yearsxof . He stepped down from that positionlast week, aheac of the bankruptcy filing.
Greater Sacramentko was not involved in the constructionloan
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