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2016-06-22T00:00:00.000Z

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Wrong Michael Dilworth?

Michael E. Dilworth

Direct Phone: (414) ***-****       

Email: m***@***.com

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Ener-Con Companies Inc

8575 W. Forest Home Avenue Suite 160

Greenfield, Wisconsin 53228

United States

Company Description

Ener-Con Companies, Inc., has developed approximately 3500 units, currently manages 800+ apartment and condominium units, approximately 300,000 square feet of retail space and over 400,000 square fee of industrial space. We specialize in new constructio ... more

Find other employees at this company (16)

Background Information

Employment History

Principal Broker and Real Estate Broker Owner

Development of numerous real estate ventures as a real estate broker owner

Real Estate Broker

Ener-Con Companies Inc

Affiliations

Founder
Six Points East LLC

Web References (102 Total References)


The property includes the vacant lakeside ...

www.bizjournals.com [cached]

The property includes the vacant lakeside land where DJ's Bar & Grill formerly stood, and two neighboring houses owned by Ener-Con Cos. principal Michael Dilworth.


Chapter 11 filed by Wisconsin developer, ...

www.kerkmandunn.com [cached]

Chapter 11 filed by Wisconsin developer, Michael Dilworth

On behalf of Kerkman & Dunn posted in Chapter 11 on Friday, November 15, 2013.
A prominent real estate developer in Milwaukee, Wisconsin, has filed for Chapter 11 bankruptcy protection. Michael Dilworth, who is the president of Ener-Con Cos, has been responsible for the redevelopment of commercial buildings and condos in Milwaukee. However, when BMO Harris Bank refused to extend business loans that were close to expiring, the Chapter 11 bankruptcy was filed.
According to the bankruptcy filing, Dilworth has up to $105.1 million in liabilities, but assets of only $32.7 million. The reorganization effort by Dilworth is not expected to affect some developments in progress, such as the Greenfield Highlands condos. In addition, Ener-Con Cos and other businesses that Dilworth owns or operates are not listed in the Chapter 11 filing.
Many developers in the Milwaukee area have run into the same problem when it comes to attempting to restructure their bank loans. Regulators have pressured the banks to re-evaluate loan restructuring because of the significant drop in property values due to the recession.
BMO Harris acquired Dilworth's loans from Marshall & Ilsley Bank after purchasing the troubled bank. Dilworth has spent the last couple of years trying to get the loans restructured, but to no avail.
Apparently, Dilworth is not done with BMO Harris, though.
...
Hudson has petitioned the court to allow them a right to pursue collection efforts against Dilworth. These actions are delayed automatically, though, during bankruptcy in order to give debtors a chance to reorganize. Hudson claims that Dilworth "acted in bad faith" when he transferred collateral before the bankruptcy. Dilworth denies the allegations.
Chapter 11 bankruptcy help businesses reorganize and come out of bankruptcy strong and ready to move forward. There is little doubt this is the plan after Dilworth's bankruptcy; however, he could face additional issues over the above loans.
Source: jsonline.com, "Milwaukee-area developer Michael Dilworth files for Chapter 11" Tom Daykin, Nov. 09, 2013


Chapter 11 filed by Wisconsin developer, ...

www.kerkmandunn.com [cached]

Chapter 11 filed by Wisconsin developer, Michael Dilworth

On behalf of Kerkman & Dunn posted in Chapter 11 on Friday, November 15, 2013.
A prominent real estate developer in Milwaukee, Wisconsin, has filed for Chapter 11 bankruptcy protection. Michael Dilworth, who is the president of Ener-Con Cos, has been responsible for the redevelopment of commercial buildings and condos in Milwaukee.


The other home involved in the ...

www.mymuskegonow.com [cached]

The other home involved in the park proposal is owned by Michael Dillworth of Ener-Con Companies, a Greenfield-based development company.


The other home involved in the ...

www.mymuskegonow.com [cached]

The other home involved in the park proposal is owned by Michael Dillworth of Ener-Con Companies, a Greenfield-based development company.

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