Lender buys land surrounding Padre Island Schlitterbahn park in <b>foreclosure</b> auction

An involuntary bankruptcy was filed against the partnership, New Braunfels-based Upper Padre Partners, in May to stop Ayxs from foreclosing. Last week, however, Axys received approval from a bankruptcy judge to proceed with the foreclosure. Asked what Ayxs' plans for the land are, Taube said heĀ ...