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David Bouley in Major Debt; Facing Foreclosure on $2.5Mil Tribeca Pad

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Looks like the financial woes continue for David Bouley, who back in September was reported to be was facing a lawsuit from his landlord over a million or so dollars in back rent. The Post reports today:

"that he famed restaurateur is facing foreclosure on his $2.5 million TriBeCa condo and appears to be $80,436 in debt on his eponymous eatery in the same building, the Mohawk. He allegedly stopped paying the condo's mortgage in February 2009, and in December, Bank of America started the foreclosure process in Manhattan Supreme Court. Bouley owes $105,004 on a federal tax lien, according to a court document, and roughly $18,000 in outstanding state taxes, a state spokesman said."

But Bouley insists that he's good for the money, and that the issue is more complicated. He was renegotiating his condo mortgage when they were "blindsided by the Dec. 11 foreclosure filing." And that the debt on the retail units in the Mohawk building is "part of a larger dispute with the landlord, who has allegedly failed to obtain a certificate of occupancy, Stiel said. The federal tax lien was canceled out by an incoming tax credit, Stiel added. He blamed a paperwork error for any outstanding state taxes, and said Bouley is repaying the debts." Yikes. Does Bouley have the bucks to get out of this one? We'll keep you posted.

· Four-Star Financial Fix for Celeb Chef David Bouley [NYP]
· Legal Woes: Bouley and Japonais Hit with Major Lawsuits [~E~]

Bouley

163 Duane Street, New York, NY 10013

Bouley

163 Duane Street, New York, NY 10013

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