An anonymous commenter recently made readers of this blog aware of the fact that Paul Koenig, the slumlord behind Dream Homes, Pamiko, and a host of other slummy LLC's, as well as a failed attempt to keep his foreclosed properties for $1 apiece, can't even go through BANKRUPTCY without getting into more financial difficulty.
The man at one time owned eighty or more properties in north Minneapolis alone, and used this community as a cash cow to feed an extravagant lifestyle of motor homes, racehorses, and a mansion in Afton. Oh how the mighty have fallen.
Documents are coming into my hands from a source associated with the Johnny Northside blog. Two such docs are already here; one is a Notice of Removal transferring Koenig's bankruptcy proceedings to a different court, and the second is an Unlawful Detainer Koenig filed at his (now rental) property at 1775 Majestic Pines Trail, Afton MN.
I'm not an attorney nor have I ever declared bankruptcy, so what follows is a layman's reading of these documents. However the very first time I noticed something odd about the Pamiko property empire, I posted what it was that I did know in hopes that more information would follow. I'm employing the same strategy here, and eagerly await more documentation.
Let's jump in, shall we?
