Filing Alert: Black Iris Properties Chapter 11

Black Iris Properties, LLC, a Roseville, CA-based real estate investment company, filed for Chapter 11 protection on Oct. 30 in the U.S. Bankruptcy Court for the Eastern District of California.

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 26-26448.

Key Parties

Counsel:

• David Foyil
  Equal Justice Law Group
  Email: davidfoyil@equaljusticelawgroup.com

Signatories:

• Ibrahim Salama – Managing Member

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

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