Filing Alert: Allstate Lending Group Chapter 11

Allstate Lending Group, Inc. and its debtor affiliate⁽¹⁾, a Monterey Park, CA-based private money lender and mortgage brokerage that originates and services real estate-backed loans, filed for Chapter 11 protection on Feb. 27 in the U.S. Bankruptcy Court for the Central District of California.

The company reports $500 thousand to $1 million in assets and $50 million to $100 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-11879.

⁽¹⁾ Allstate Lending Group Servicing LLC.

Top Unsecured Claims

Key Parties

Counsel:

• Kyra E. Andrassy
  Raines Feldman Littrell LLP
  Email: [email protected]

Signatories:

• Howard Grobstein – Chief Restructuring Officer

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

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