THE Web site for Molasses Reef — a planned Ritz-Carlton resort in the Turks and Caicos — promises “barefoot luxury” and “island life the way it was meant to be.” But these days, the resort buildings, which include a hotel and large villas, stand empty and unfinished. Lehman Brothers was financing the project. And after the investment bank’s demise in September, construction was halted, leaving the developers and their contractors with a host of problems.

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