Filing Alert: Diamond Elite Luxury Townhomes Owner Chapter 11

Diamond Elite Albuquerque LLC, owner and operator of Diamond Elite Luxury Townhomes, a gated luxury townhome community in Albuquerque, NM, filed for Chapter 11 protection on May 6 in the U.S. Bankruptcy Court for the Southern District of New York.

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 26-35494.

Key Parties

Counsel:

• Mitchell Canter
  Law Offices of Mitchell J. Canter
  Email: [email protected]

Signatories:

• Avraham Majer – Chief Restructuring Officer

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

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