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Cheval Golf Club files for Chapter 11 bankruptcy reorganization

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The Tony Cheval Golf & Country Club in Lutz is seeking Chapter 11 bankruptcy reorganization. The popular 18-hole golf course golf course property was in foreclosure proceedings when the bankruptcy petition was filed Feb. 6, court records show. The property includes the golf course, practice facility, clubhouse, pro shop and tennis courts. Assets and liabilities are estimated at $1 million to $10 million each. Cheval Golf Club purchased the property in 2008 for $3.8 million but payments from the…

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