A company that owns four units in the Epic West Condominium in downtown Miami filed chapter 11 reorganization, the South Florida Business Journal reported. Miami-based Sky Media Pay, formerly known as Sky Media, submitted its chapter 11 petition in U.S. Bankruptcy Court in Miami on Oct. 29. It was signed by Paola Angulo as president of the company. The petition listed $2.52 million in assets, mostly the condos, compared to $4.5 million in liabilities. The bankruptcy filing put a halt to three pending foreclosure lawsuits in Miami-Dade County against Sky Media Pay over three of the condos. One of those cases had a foreclosure auction set for Nov. 1, only a few days before the chapter 11 was filed. The case management summary describes Sky Media Pay as being in the business of advertising sales on television and owning condos. It said it filed chapter 11 because of the foreclosure lawsuits. Its revenue for 2021 year-to-date was $60,000, following revenue of $163,971 in 2020 and $431,463 in 2019.
