Filing Alert: Fu Bang Group Corp, USA Chapter 11

Fu Bang Group Corp, USA, a Corona, CA-based single-asset real estate company, filed for Chapter 11 protection on May 7 in the U.S. Bankruptcy Court for the Central District of California.

The filing discloses a related case involving Richard Don, identified as owning 20% or more of the debtor’s equity. Don filed for Chapter 13 on April 15 (Case No. 25-13063) in the same court. The case, assigned to Judge Neil Bason, is subject to an order to show cause for dismissal, which Don does not intend to oppose.

The company reports $10 million to $50 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-13004.

Top Unsecured Claims

Key Parties

Counsel:

• Derrick Talerico
• Weintraub Zolkin Talerico & Selth LLP
• Email: dtalerico@wztslaw.com

Signatories:

• Bo Don – CEO

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

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