The Boston Globe, April 1st, 1996:
Alphonse Mourad has always insisted that powerful forces were out to get rid of him. Today in bankruptcy court, they may finally succeed. Mourad, a Lebanese immigrant who has owned the Mandela Apartments in Roxbury since 1981, has raged for years about a vast racial conspiracy against him and his black and Hispanic tenants. Now a federal judge is expected to assign the 276-unit subsidized housing development to a trustee, bringing down the curtain on one of Boston's longest-running dramas. Court records in the case cast considerable doubt on Mourad's claims of victimhood, which have been echoe...
THE BOSTON GLOBE
MANDELA APARTMENTS' OWNER FILES CHAPTER 11
Date: January 10, 1996.
Page: 67 Section: BUSINESS
Forestalling an auction of the property, the company that owns Mandela Apartments in Roxbury filed for bankruptcy protection yesterday under Chapter 11. Alphonse Mourad, president of V&M Management, owners of the low-income development, said he was forced to seek protection from his creditors asserting that he had been victimized by redlining by local banks and by state court rulings.
Mourad said the Chapter 11 filing will permit him to submit a plan to pay creditors and pave the way for tenant ownership of the development of 276 apartments, which has an assessed value of $10 million. Proceedings in US Bankruptcy Court, Mourad said, will provide an opportunity for him to challenge the demand for $345,500 that he has been required to pay to Mario Nicosia to forestall foreclosure. Mourad maintains he only needs to pay $13,500 to avoid losing the property.