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IN RE STERLING BLUFF INVESTORS, LLC

No. 14-40200-EJC.

515 B.R. 902 (2014)

In the matter of STERLING BLUFF INVESTORS, LLC, Debtor.

United States Bankruptcy Court, S.D. Georgia, Savannah Division.

Signed August 22, 2014.

Attorney(s) appearing for the Case

Ward Stone, Jr., Matthew Stewart Cathey, Stone & Baxter, LLP, Macon, GA, for Debtor.

L. Stephen O'Hearn, Bulovic Law Firm, LLC, Savannah, GA, for Respondents.

OPINION

EDWARD J. COLEMAN, III, Bankruptcy Judge.

In 2008, a group of investors formed Sterling Bluff Investors, LLC ("SBI" or "Debtor") to purchase the last unsold lots and the right to receive the proceeds from the sale of numerous club memberships in a luxury residential development called The Ford Plantation. These investors hoped that these assets could be sold over time at a profit. In its entire history, SBI never sold a single...

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