SALT LAKE CITY – Well-known real estate developer Terry Diehl filed for Chapter 11 bankruptcy Friday listing at least $43 million in debt, $23 million of it to America First CU.
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The court filing shows the Ogden credit union is Diehl’s biggest debtor with three separate loans he personally guaranteed.
The Chapter 11 filing shows Diehl owes $11 million to Bodell Construction Co. of Salt Lake City; $1.49 million to South Mountain, LLC, a company he helped found; as well as $500,000 for several cars, $72,000 in spousal support, and a combined $450,000 to the MGM Grand and Aria casinos in Las Vegas.
