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🔒A Thousand Words: Chip Norton’s bankruptcy

A cartoon of a ship hitting an iceburt in a sea of invoices.
With five lawsuits against him, Charles “Chip” Norton has filed for bankruptcy. The owner of prominent Worcester properties including the Mercantile Center disclosed $1.69 million in debt in filings with U.S. Bankruptcy Court, but creditors say he has nearly $70 million in debt stemming from personal guarantees he made.
By Ramón L. Sandoval

With five lawsuits against him, Charles “Chip” Norton has filed for bankruptcy. The owner of prominent Worcester properties including the Mercantile Center disclosed $1.69 million in debt in filings with U.S. Bankruptcy Court, but creditors say he has nearly $70 million in debt stemming from personal guarantees he made.

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