Richardson’s filing for personal bankruptcy should not affect the validity, standings, or priority of the SRKO Limited Family Partnership creditors and lien holders. The partnership is a separate entity. What it can mean is that if any – if any – monies are due to Richardson from the SRKO Limited Family Partnership, they will be directed to Richardson’s creditors and lien holders. Richardson is attempting to protect her personal assets. Even this article states “Those liabilities are above and beyond SRKO’s.” This shows the separation of the two.

Completely inaccurate statement in the article. “What’s more, Richardson was a cash-rich veteran entrepreneur who had developed and owned numerous successful commercial properties in Colorado and California. Unlike more traditional developers who leveraged their projects, often to maximum levels, she preferred the pay-as-you-go approach.” DURING THE PAST YEAR ALONE, RICHARDSON HAS LOST ALMOST 20 PROPERTIES TO FORECLOSURES OR HAS TURNED PROPERTIES OVER TO LENDERS IN LIEU OF FORECLOSURE. She does not “pay-as-you-go”. If Richardson, SRKO, Noah LLC, Jessica LLC, and other Richardson controlled companies did endorse the “pay-as-you-go” philosophy, they would not have numerous lien holders and lenders filing court actions. Richardson would not be filing for bankruptcy protection.

Blaming the economy in this case doesn’t cut it and those of us who were there know that. She was her own worst enemy , micro managing while losing sight of the storm that was about to descend upon the Market and telling us back in June of ’08 that she was going to let Johnson go because she could build it cheaper with her”guys”, i.e.illegals