Tens of Millions in Debt, Ahmed Zayat Files for Chapter 7 Bankruptcy
Description:
Ahmed Zayat, the financially embattled Thoroughbred breeder and owner, filed for Chapter 7 bankruptcy protection Sep. 8 in United States Bankruptcy Court in his home state of New Jersey. In court documents, Zayat checked boxes estimating the number of his creditors to be between 100 and 199, with liabilities totaling between $10 million and $50
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