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Svein Dyrkolbotn, the developer of Celebration Pointe, has filed for chapter 7 bankruptcy.

Dyrkolbotn's filing lists estimated debts between $100 million and $500 million.

The bankruptcy follows numerous lawsuits from lenders alleging financial fraud and loan defaults.

Amid mounting lawsuits and claims of financial fraud, Svein Dyrkolbotn, the owner of Viking Companies and the primary developer of Celebration Pointe, has filed for Chapter 7 bankruptcy, records on file with the United States District Court for the Northern District of Florida show.

Chapter 7 bankruptcy allows individuals or businesses to regain control of their finances by having most of their unsecured debt, such as credit cards and personal loans, legally discharged through the courts.

Dyrkolbotn

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