Filing Alert: Fortress Holdings Chapter 11

Fortress Holdings, LLC (dba The Chariot), a luxury event venue based in Totowa, NJ, filed for Chapter 11 protection on Jan. 30 in the U.S. Bankruptcy Court for the District of New Jersey.

The company reports $42 million in assets and $26.2 million in liabilities. The filing indicates that funds will be available for distribution to unsecured creditors. The case number is 25-10977.

Top Unsecured Claims

Key Parties

• Counsel:
  • Name: Richard D. Trenk
  • Firm: Trenk Isabel Siddiqi & Shahdanian P.C.
  • Email: rtrenk@trenkisabel.law
• Signatories:
  • Name: Paul Qassis
  • Title: Managing Member
• Equity Security Holders:
  • Majid Krikor (50%)
  • Paul Qassis (50%)

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

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