Filing Alert: 45 Park Place Development Affiliate Chapter 11
45 Park Place Development Affiliate Files Chapter 11 in Southern District of New York
Park Place Partners Development LLC, the owner of a vacant development parcel tied to the 45 Park Place luxury tower and cultural museum project in Manhattan, filed for Chapter 11 protection on Sep. 1 in the U.S. Bankruptcy Court for the Southern District of New York.
The company reports $15 million in assets and $13.8 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-12100.
Key Parties
Counsel:
- Kevin Nash
Goldberg Weprin Finkel Goldstein LLP
Email: knash@gwfglaw.com
Financial Advisor / CRO:
- FIA Capital Partners LLC (David Goldwasser)
Equity Security Holders:
- 45 Park Place Partners LLC – 100% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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