The Block Island Times
http://block-island.villagesoup.com/p/199944

Island Home owner files for bankrupcy

By Judy Tierney | Jan 21, 2012

A January 5 foreclosure auction for the Island Home inn was called off when owner David Chieffo filed for reorganization under Chapter 13 of the bankruptcy code.

Chapter 13 is designed to allow debtors to submit a repayment plan to creditors.

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