Mealey's Bankruptcy - Liquidation Plan Reduces Philadelphia Casino's Tax Debt By More Than $5.93M

Mealey's Bankruptcy - Liquidation Plan Reduces Philadelphia Casino's Tax Debt By More Than $5.93M

PHILADELPHIA - Bankrupt casino operator Philadelphia Entertainment and Development Partners LP (PEDP) on April 2 filed a disclosure statement for a Chapter 11 plan of liquidation in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania that would reduce the amount of real estate taxes it owes to the City of Philadelphia by $5,936,921 (In Re: Philadelphia Entertainment and Development Partners LP, No. 14-12482, Chapter 11, E.D. Pa. Bkcy.).

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