John Worstell
Valparaiso, IN (USA)
Role(s):
Founder/Owner/Principal
Worstell Enterprises
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Startup
Location:
Valparaiso
Industry:
Real Estate
Year Founded:
1978
Number Employees:
1-10 people
Business Stage:
Mature
Entity Type:
"C" Corporation
Description:
Worstell companies consist of eight buildings acquired over 30 years. I am in Chapter 11 and want to take the bank out. I owe the bank 7.5 million with appraised value of 14 to 16 million. One building is about to be sold for 1.2 million and these funds could be escrowed to pay interest to ptivate investors and any other short falls. When other buildings are sold these funds would pay down investors. I have gross income of about 100 K per month.