Filing Alert: Border Properties Group Chapter 11

Border Properties Group, LLC, an El Paso, TX-based real estate company, filed for Chapter 11 protection on Feb. 3 in the U.S. Bankruptcy Court for the Western District of Texas.

The company reports $10 million in assets and $15.6 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-30142.

Top Unsecured Claims

Key Parties

• Counsel:
  • Name: Corey W. Haugland
  • Firm: James & Haugland, P.C.
  • Email: chaugland@jghpc.com
• Signatories:
  • Name: Keith Boyd
  • Title: President
• Equity Security Holders:
  • Keith Boyd (100%)

Legal Actions

Border Properties Group, along with Border Services Group, LLC and Keith Boyd, is currently involved in ongoing legal proceedings in the 34th Judicial District Court of El Paso, TX. The litigation, filed under case number 2024DCV4922, involves allegations of fraudulent inducement, fraud by nondisclosure, and conspiracy, brought forth by Yandell Auto Service, Inc., Juan F. Zuniga Jr., and Lorena M. Zuniga. The matter remains under judicial review.

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

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