Filing Alert: 301 W North Avenue Chapter 11

301 W North Avenue, LLC, a Chicago, IL-based single asset real estate company, filed for Chapter 11 protection on Apr. 5 in the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division.

This is the company’s second bankruptcy filing in recent months, following a February 27, 2024 Chapter 11 case (No. 24-02741) that was dismissed for lack of proper corporate authority, as the Debtor failed to obtain consent from its Independent Manager as required by its LLC agreement.

The company reports $10 million to $50 million in both assets and liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. The case number is 25-05275.

Top Unsecured Claims

Key Parties

Counsel:

• Robert Glantz
• Robert Glantz Much Shelist, P.C.
• Email: rglantz@muchlaw.com

Signatories:

• F. Martin Paris, Jr. – Authorized Representative

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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