Edwin F. Hale Jr., Son of Baltimore Banker, Developer and Soccer Team Owner, Files for Chapter 7

Summary

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Edwin F. Hale Jr., son of the Baltimore banker, developer and soccer team owner, has filed for Chapter 7 bankruptcy, listing debts including $804,955 in unsecured loans owed to his father's company, 1st Mariner Bank.

According to court records from the U.S. Bankruptcy Court for the District of Maryland, Hale listed total assets of $77,601, including $250 in cash and $10 in a checking account. He also listed an IRA account, a 2008 Lexus and a 2008 Toyota truck. His total reported debt is $2.5 million.

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Extract

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Edwin F. Hale Jr., Son of Baltimore Banker, Developer and Soccer Team Owner, Files for Chapter 7

According to state tax records, Bank of America holds the first a...

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