Jimmy Buffett's Margaritaville is owed more than $100,000 in bankruptcy filing

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Jimmy Buffett's Margaritaville is owed more than $100,000 in bankruptcy filing

According to bankruptcy filings, Jimmy Buffett's Margaritaville Resort in the Bahamas and Amazon Web Services are two of the biggest creditors that the company owes money to.

Alameda Research, which was founded by Bankman-Fried and is run by his ex-girlfriend Caroline Ellison, collapsed along with FTX earlier this month. FTX, a criptocurrency exchange run by Bankman- Fried, was disbanded after loaning money to Alameda in an attempt to shore up its sister company's finances.

The Margaritaville Beach ResortMargaritaville Beach Resort in Nassau, Bahamas is the fourth-largest creditor owed money by Alameda, as bankruptcy filings indicate that Alameda owed the resort a debt of $55,319.

Jimmy Buffett's Margaritaville is the parent company of more than two dozen hotels, resorts, and restaurants in the U.S. and abroad. The Margaritaville franchise is named after Buffett's hit song Margaritaville from 1977, which extolled the virtues of a laid-back, tropical lifestyle and lamented lost love.

FTX and Alameda both had a presence in the Bahamas, although it's not clear how Alameda incurred the debt and Margaritaville didn't respond immediately to a request for comment.

Bankman- Fried and Ellison have faced withering criticism after FTX and Alameda entered bankruptcy, as their failure has caused a contagion in the space that has dragged several other firms into bankruptcy.

FTX's new CEO, John Ray III, blasts them in a bankruptcy filing for a complete failure of corporate controls and added: From compromised systems integrity to faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented. Amazon Web Services is the largest creditor listed in the bankruptcy filing and is owed $4,664, 996 by Alameda. AWS is a subsidiary of Amazon that provides cloud computing platforms and APIs to clients.

Another notable creditor owed money by Alameda is Bloomberg Finance LP, which is owed $80,526 and ranks as the third-largest creditor. Bloomberg Finance provides commercial services, including financial software and data.

Neither Amazon Web Services nor Bloomberg Financial responded to Fox Business' request for comment on the nature of the debts owed to the companies by Alameda.

Other creditors listed in Alameda's bankruptcy documents include several law firms located in the U.S. and in Australia, England, Panama and South Korea.