Business

Nordyke Ventures files for bankruptcy again

Wichita developer Mark Nordyke's Nordyke Ventures has again filed for Chapter 11 bankruptcy.

Nordyke Ventures filed for bankruptcy in 2007 and exited last year.

Nordyke's attorney, Tom Gilman, said the case was refiled to settle "some ongoing interpretations over what was done," but he wouldn't elaborate on those issues.

In the latest filing, Nordyke lists assets of less than $50,000 and liabilities of between $1 million and $10 million.

Nordyke, who played baseball at Wichita State University and graduated in 1983, has had a string of legal and financial difficulties in recent years.

In 2006, Sunflower Bank foreclosed on 19 properties, seeking more than $2 million.

Nordyke filed for bankruptcy in June 2007 on the day before 19 of his properties were to be sold at a sheriff's sale in order to sell the properties himself.

He emerged from bankruptcy in July 2009.

Sunflower is not listed among the creditors in the most recent filing, although lenders on the list include: Bank of America, Bank of the West, Community Bank of Wichita, Countrywide Home Loans, Deutsche Bank, Rose Hill State Bank, Trancas Capital, Ford Motor Credit, as well as the IRS.

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