Filing Alert: Club Boardwalk Resorts Chapter 11
Club Boardwalk Resorts Files Chapter 11 in District of New Jersey
Flagship Resort Development Corporation (dba Club Boardwalk Resorts), an Atlantic City, NJ-based hospitality company specializing in vacation ownership (timeshare) and resort management, with properties including Flagship Resort, Atlantic Palace, and La Sammana, filed for Chapter 11 protection on May 10 in the U.S. Bankruptcy Court for the District of New Jersey.
The company reports $50 million to $100 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-15047.
Top Unsecured Claims
Key Parties
Counsel:
- Warren J. Martin Jr.
- Porzio, Bromberg & Newman, P.C.
- Email: wjmartin@pbnlaw.com
Signatories:
- Cherie Parks – Chief Financial Officer
Claims Agent:
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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