A dilapidated former restaurant barge, purchased by Allen Casey, is docked at his property on the North Shore of the Tennessee River.Chattanooga businessman Allen Casey today filed a Chapter 7 bankruptcy petition in U.S. Bankruptcy Court.
“It’s a personal filing,” said Chattanooga attorney David Fulton.
The Chapter 7 petition estimated assets of $50,000 or less. Liabilities were estimated at between $1 million and $10 million.
The filing comes on top of a Chapter 11 bankruptcy filing Monday by a Casey company, River City Resort.
Earlier today, a civil trial involving Casey, who is facing a lawsuit from investors related to downtown riverfront property, was delayed.