US EditionMV Realty files for bankruptcy as complaints mount over 40-year listing agreement
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MV Realty files for bankruptcy as complaints mount over 40-year listing agreement
CHARLESTON, S.C. (WCBD) -- A real estate company accused of using cash incentives to lock homeowners into lengthy listing agreements filed a voluntary petition for bankruptcy Friday morning. MV Realty of South Carolina filed for Chapter 11 Bankruptcy in the South District of Florida. Chapter 11 bankruptcy is often referred to as a "reorganization" bankruptcy, in which "usually, the debtor remains 'in possession,' has the powers and duties of a …
·Charleston, United States
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