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Nesbitt Portland Property Files for Bankruptcy in California

Nesbitt Portland Property LLC and seven affiliates sought bankruptcy protection from creditors.

The company, based in Carpinteria, California, listed debt of more than $100 million and assets of more than $10 million in Chapter 11 documents filed yesterday in U.S. Bankruptcy Court in Santa Barbara, California.

The case is In re Nesbitt Portland Property LLC, 12-12883, U.S. Bankruptcy Court, Central District of California (Santa Barbara).

To contact the reporter on this story: Michael Bathon in Wilmington at mbathon@bloomberg.net

To contact the editor responsible for this story: John Pickering at jpickering@bloomberg.net

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