Wingspan Portfolio Advisors Files For Chapter 7 Bankruptcy Protection

GOOD FOR THEM. 
THOSE EVIL, SADISTIC FUCKS. 
AGILITY 360  IN CARROLLTON, TX (WHICH WAS HURRIEDLY CREATED BY FAILED WINGSPAN EXECS AFTER THEY RAN WINGSPAN INTO THE GROUND) WILL MOST LIKELY BE NEXT. 




Citing a massive gap between its assets and liabilities,Wingspan Portfolio Advisors filed for Chapter 7 bankruptcy protection in United States Bankruptcy Court for the Eastern District of Texas.

According to documents obtained by HousingWire, Wingspan filed for bankruptcy on Monday, listing $1,236,986.76 in assets and $12,070,346.87 in liabilities.

Wingspan’s filing breaks down its liabilities into three categories: creditors holding secured claims, creditors holding unsecured priority claims, and creditors holding unsecured non-priority claims.

According to the filing, Wingspan owes $2,144,755.54 to creditors holding secured claims; $2,360,947.20 to creditors holding unsecured priority claims; and $7,564,644.13 to creditors holding unsecured non-priority claims.

Justin Belter, Failed Wingspan  Exec
and one
HUGE Son Of A Bitch
has been hired by other FAILED WINGSPAN
EXECS (yes.. they are hiring each other) to run a new
startup called Agility 360. Believe it or not, these bums
are trying to convince the public they are mortgage 'experts'.
WTF? They left Wingspan Portfolio Advisors in RUINS.
Belter Rode The "Wingspan GRAVY TRAIN" until the
WHEELS CAME OFF....
While the filing does not go into detail about how Wingspan ended up $10.833 million in the red, the filing does detail how much Wingspan’s business has fallen off in recent years.

In a section of the filing entitled “statement of financial affairs,” Wingspan discloses that it lost $16,382,387.29 in 2013; $24,857,052.36 in 2014; and $6,058,617.66 from Jan. 1 through July 3 of this year.

In total, Wingspan lost more than $47.29 million in the course of doing business in the last 30 months.

The bankruptcy filing is the latest in a series of calamitous developments that have crippled the once-mighty special servicer.

Last October, HousingWire reported that Steve Horne, the founder, CEO and president of Wingspan, was removed from the company he founded in 2008.....


To read more, please visit the Housing Wire Article By Clicking HERE