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The Honolulu Advertiser
Posted on: Wednesday, April 24, 2002

Kapolei Manor company fails

Advertiser Staff

A second senior-living development company headed by Sheldon Zane has filed for Chapter 11 bankruptcy.

In its filing last week, Kapolei Manor Eldercare LLC listed estimated assets and debts in the range of $100,000 to $500,000 each.

The Estate of James Campbell has the largest claim, $275,000 for lease rents and assessments. The next largest claim, $126,750, is held by Honolulu architectural firm KY International for fees.

Zane signed a lease with Campbell Estate to build the residential senior-living facility, Manor at Kapolei, in late 1999, but the $15 million project never broke ground.

Last month, Zane placed a similar planned project, Hawaii Kai Assisted Living doing business as Hawaii Kai Eldercare LLC, under Chapter 11 with assets and debts between $1 million and $10 million.