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Picking up the Premiere pieces: Company founder feeling the fallout from bankruptcy.

Houston Business Journal

| December 21, 2001 | Darwin, Jennifer | COPYRIGHT 1985 American City Business Journals, Inc. (Hide copyright information)Copyright

Since David Lapin's company filed for bankruptcy almost three months ago, he has lost 13 pounds and has trouble sleeping at night.

Lapin is president of Lapin & Wigginton Funding, which filed for Chapter 11 bankruptcy protection on Oct. 2 along with its parent company, Premiere Holdings of Texas.

Lapin grew a beard "when this whole mess started," he says, as a constant reminder of what he's going through.

"I've never had a beard before," he says. "I'm going to shave it off when I have this behind me."

That might take a while.

The complicated bankruptcy case involves hundreds of investors who loaned money to between 60 and 70 real …

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