COLUMBIA — The president of a major development firm in South Carolina has filed for personal bankruptcy protection.
Documents filed wiht the U.S. Bankruptcy Court in Columbia show that Alan Bruce Kahn sought protection from creditors on Monday.
Kahn, 73, is chairman of M.B. Kahn Construction Co. Inc. He is also president of the Kahn Development Co.
The bankruptcy petitions said Kahn has fewer than 50 creditors and liabilities valued between $50 million and $100 million. His assets are estimated between $1 million and $10 million.
His companies have developed schools and other properties throughout the state and the Southeast. The 300-acre Columbia-area development, Village at Sandhill, was named as one of the world’s top nine large mixed-used centers in 2007 by the International Council of Shopping Centers.
M.B. Kahn Construction and Kahn Development are not named as debtors in the bankruptcies.
Kahn did not immediately return a message left at his office Tuesday. A representative of M.B. Kahn did not immediately respond to an email message seeking comment.
The Post and Courier contributed to this report.
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