UPDATE: CTRMA's Robert Tesch bankruptcy records show himself and more as creditor.

Cedar Park Associates, wholly owned by Central Texas Regional Mobility Authority Chairman Robert Tesch and his wife, filed for Chapter 11 bankruptcy protection last week. Robert Tesch bankruptcy records show himself, his wife Sandra L. Tesch and another Tesch Company - Oakmont Retirement Services as creditors. Bankruptcy attorney is Joseph Martinec (512.476.0750).

Cedar Park Associates owns 1490 East Whitestone Blvd, Austin TX and shows annual revenues of $324k with 1 employee at 36k a year.


Robert Tesch's business has failed to pay:

• $3 million to Regions Bank
• $50k to Manuel Zuniga
• $92k to Skyline Ventures, Inc
• $6k to Stoker Management dba Jani-King
• $3k to Pendernales Electric
• $2k to K.I.S.S., Inc
• ? to Oakmont Retirement Services (NOTE: THIS IS ANOTHER TESCH BUSINESS!)
  
• ? to RGD Builders

Meeting of Creditors is August 30, 2005 at 11:30am. Location: Austin Room 118, Homer Thornberry Bldg. 903 San Jacinto, Austin, TX 78701. For more information contact the Bankruptcy Clerk's Office at 512.916.5238. Case number 05-14359-frm.

FBI shows Bankruptcy fraud is a growing national problem.

* COMPTROLLERS REPORT ON TESCH *: "...public records show that the property valuation (less any improvements) of an 18-acre tract Tesch owns, which lies about 2,000 feet east of future US 183-A right of way, has already increased by 612% since the time of his appointment to the CTRMA board."