A bankruptcy judge yesterday dismissed the chapter 11 case of Legacy Lofts on St. Mary’s LLC after the townhouse developer failed to comply with court requirements, the San Antonio Express-News reported. It had filed for bankruptcy protection in December to stop a foreclosure on a portion the property along North St. Mary’s and East Euclid avenues where it built 19 townhouse units. Since entering bankruptcy, Legacy Lofts had not filed monthly operating reports or paid quarterly fees as required, according to James Rose Jr., an attorney for the U.S. Trustee’s office. Legacy Lofts also failed to file a reorganization plan, Rose told Chief U.S. Bankruptcy Judge Craig Gargotta during a Monday hearing. On March 20, Rose filed a motion to have the case dismissed or converted to a chapter 7 liquidation. Allen DeBard, Legacy Lofts' bankruptcy lawyer, did not oppose the motion to dismiss the case.
