January 19, 2017 8:24 AM ET

Real Estate Management and Development

Company Overview of K. Douglas Inc.

Company Overview

K. Douglas Inc. manages, operates, and leases retail establishments and shopping centers. The company is based in Topeka, Kansas.

125 SW Gage Boulevard

Topeka, KS 66606

United States

Key Executives for K. Douglas Inc.

K. Douglas Inc. does not have any Key Executives recorded.

K. Douglas Inc. Key Developments

First Amended Reorganization Plan Approved for Lindemuth, Inc.

The US Bankruptcy Court approved the first amended plan of reorganization of Lindemuth, Inc. on January 20, 2015. The debtor filed its amended plan in the Court on March 14, 2014. As per the amended plan, administrative claims, fees and expenses of professionals and priority tax claims shall be paid in full in cash. For secured claim of Alliance Bank, Central National Bank, CoreFirst Bank & Trust, Denison State Bank, Emprise Bank, First National Bank & Trust Co., Heritage Bank, Kaw Valley Bank, Landmark National Bank, StanCorp Mortgage Investors, LLC, UMB Bank, Vision Bank, Participation Loan and Millennium Bank, the debtor shall commence monthly payments pursuant to the plan in the amount of $3,106, $2,235, $66,949, $37,111, $8,644, $20,328, $7,464, $48,280, $41,988, $28,432, $531, $605, $11,270 and $5,055, respectively. Secured claim of Dale and Darlene Appenfeller, BLEM Development Co., Inc., G.A. Zitzer Revocable Trust, Janet C. Metz and Alvin D. Metz, Lawrence Brothers, LLC, Randolph and Donnis Williams, Metz Enterprises, Inc.- KDL and Roger W. Currier, shall be paid in monthly installments of principal and interest. General unsecured claims will receive pro rata portion of a yearly payment consisting of $0.02 million in years two, three and four after the effective date; $0.05 million in years five and six after the effective date; and $0.08 million in years seven and eight after the effective date. For University National Bank deficiency claim, no settlement has been reached yet. KDHE unsecured claims shall be paid as general unsecured claims. Lindemuth equity interests, K. Douglas, KDL, Bellairre and Lindy's shall be retained. The plan contemplates that debtors will retain all of their assets and will continue their business, and will fund obligations under the plans from ongoing operations.

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