A group of property owners has requested the U.S. Bankruptcy Court if it can issue an eviction notice to a bankrupt construction company that is inhabiting an investment property in Grand Rapids, Michigan. The petition was filed on July 16. Allegedly, the construction company has failed to pay over $45,000 in rent and has accrued late fees of about $2,300.
The real estate property at issue is a uniquely shaped cantilevered building. The main office floors of the edifice are suspended in air above its service buildings below. The now bankrupt construction firm has inhabited the premises -- which are valued at approximately $5.5 million -- since 2008.