Only one of the four commercial developers of Indigo Bay is bankrupt, other projects still moving forward

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INDIGO BAY – On Monday, March 12th, a bankruptcy notice was published in The Daily Herald announcing that by decision of March 6th, 2018, the Court in First Instance of St. Maarten declared Indigo Bay Development Corporation N.V. bankrupt. A photo of the newspaper notice was quickly shared via social media that morning among the […]

INDIGO BAY – On Monday, March 12th, a bankruptcy notice was published in The Daily Herald announcing that by decision of March 6th, 2018, the Court in First Instance of St. Maarten declared Indigo Bay Development Corporation N.V. bankrupt. A photo of the newspaper notice was quickly shared via social media that morning among the community of the island’s developers and architects. Bankers and notaries involved with Indigo Bay developers also were placed on high alert, resulting in phone calls being placed to their respective clients. One such client was Indigo Green.

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Source: StMaartenNews http://stmaartennews.com/business/developer-indigo-bay-bankrupt-projects-still-moving-forward/

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