Real Estate Developer Files For Bankruptcy Amid Swirling Investigations, Investors Seeking Repayment, National Realty Investment Advisors has declared bankruptcy in an attempt to avoid crumbling under the weight of its debt, investors asking for their money back, and multiple federal and state investigations.
Brian Casey, founder of real estate financial advisory firm The Casey Group, filed for Chapter 11 bankruptcy protection on behalf of NRIA in the U.S. Bankruptcy Court for the District of New Jersey, the company’s home state. Casey has been in charge of nearly every aspect of the company’s operations since October, he said in the filing.