Mortgage

Mortgage brokers owe creditors up to $10 million in liabilities

The husband-and-wife duo behind a one-time prominent Maui mortgage brokerage is seeking personal Chapter 11 bankruptcy protection, listing between 100 and 199 creditors owed between $1 million and $10 million in estimated liabilities.

In a joint bankruptcy filing, Kathleen Patricia Morris – also known as Tricia Morris – and David Duffy Herman describe their debts as “primarily business debts” tied to their Kihei-based company Hawaii’s Premiere Mortgage Co., including unpaid mortgages and loans against more than two dozen properties in Hawaii and Idaho.

The couple’s voluntary petition requires only an estimated range of creditors, assets and liabilities.

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