Filing Alert: Giapreet LLC Chapter 11

Giapreet LLC, a Plainview, NY-based real estate holding and management company, filed for Chapter 11 protection on Dec. 4 in the U.S. Bankruptcy Court for the Eastern District of New York.

The company reports $26.8 million in assets and $35 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-74654.

Key Parties

Counsel:

• Marc A. Pergament
  Weinberg, Gross & Pergament LLP
  Email: mpergament@wgplaw.com

Signatories:

• Amardeep Singh – Member

Equity Security Holders:

• Amardeep Singh – 50% Equity Interest
• Divneet Kaur – 50% Equity Interest

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

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