(AP) - A company controlled by Nevada U.S. Senate candidate Jon Scott Ashjian has filed for bankruptcy protection in a bid to block foreclosure on a parcel of land in Las Vegas.
Bankruptcy Court offices were closed Monday when Ashjian Development LLC filed Chapter 11 bankruptcy electronically.
Ashjian's lawyer, Barry Levinson, tells the Las Vegas Sun the filing was made to block foreclosure of land in northwest Las Vegas that Ashjian and other investors want to develop into a mini-storage facility.
The bankruptcy filing puts company assets at less than $50,000. Nevada National Bank has asserted a claim of $750,000 for the land.
Ashjian is the Tea Party of Nevada candidate against Democratic Sen. Harry Reid.