by: Katlyn Fernandez

Posted: Aug 13, 2025 / 12:41 PM EDT

Updated: Aug 13, 2025 / 01:00 PM EDT
Origin Article: here

TAMPA, Fla. (WFLA) — A vacation rental company based in Central Florida filed for Chapter 11 bankruptcy this month.

NBC affiliate WBBH reported that the company, IPG Franchising, has faced a growing number of lawsuits. It attracted investors to purchase contracts to manage vacation rentals while handling the payments.

Some investors complained that the company had delayed or stopped making payments to them.

An IPG Franchising investor told WBBH that it has been months since the company has paid her anything. She estimated that her family is out of more than $200,000.

“It’s a huge amount of money. It’s our life savings. It’s money that was taken away from my children,” Jane Sonkin told Gulf Coast News earlier this year. “There’s no properties anymore. There’s no communication. We are left with nothing.”

WBBH reported that more than 80 creditors are listed in the bankruptcy filing. It showed that the company has less than $50,000 in estimated assets but has between $1 million and $10 million in liabilities.

According to records obtained by the news station, the owners of IPG Franchising also run other companies, including Island Attitude on Manasota Key, which managed vacation rentals in the area before it was devastated by Hurricane Milton.
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