May 14 (Bloomberg) -- W.V.S.V. Holdings LLC, which owns more than 10,000 acres in Arizona it valued at more than $120 million, sought bankruptcy protection in federal court, according to a court filing.
W.V.S.V. listed assets of $120 million against debt of $57.4 million in Chapter 11 documents filed today in U.S. Bankruptcy Court in Phoenix.
Assets of the Tempe, Arizona-based company consist of three tracts of vacant land in Buckeye, Arizona, planned for “future development,” court papers show.
The case is In re W.V.S.V. Holdings LLC, 12-10598, U.S. Bankruptcy Court, District of Arizona (Phoenix).
To contact the reporter on this story: Dawn McCarty in Wilmington, Delaware, at email@example.com
To contact the editor responsible for this story: John Pickering at firstname.lastname@example.org