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Wednesday, December 17, 2008

Former Rezko partner files for protection from creditors

Developer Daniel Mahru, a former business partner of Antoin Rezko, has filed for personal protection from creditors, saying he has assets of $50,000 or less and debts of more than $10 million. 

Mr. Mahru was CEO of Chicago-based Rezmar Corp., a development company he co-owned with Mr. Rezko, between 1989 and 2005. Mr. Rezko, who was Rezmar’s chairman and a former fundraiser for Gov. Rod Blagojevich, is awaiting sentencing on federal fraud charges.

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