Developer Neil St. John “Ted” Raymond, who has built several prominent real estate projects in Boston, has filed for bankruptcy protection as creditors pursue him for debts relating to his failed effort to develop an Ipswich golf community.
Raymond filed for Chapter 11 protection on Oct.24, listing more than $46 million in debt he incurred while trying to develop the Turner Hill golf course and residences. Raymond sold the property at a loss in 2007, and it has since been developed under new owners.
Now, several creditors are charging that Raymond’s bankruptcy filing is part of a longer-term effort to block them from recovering millions of dollars in debt related to the Turner Hill project. Full story for BostonGlobe.com subscribers.
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