Bankruptcy Derails Flatiron Hotel Debt Auction

May 17, 2011 – Media Mention
Crain’s New York
Joshua Angel is quoted in "Bankruptcy Derails Flatiron Hotel Debt Auction," which notes that a Chapter 11 filing by the developer of a boutique hotel delayed the scheduled foreclosure auction on a piece of the debt attached to the project. Josh notes that filing for bankruptcy is a common strategy among developers looking to buy time to reorganize and restructure their debt.