Filing Alert: Jenk's Best Living Chapter 11

Jenk's Best Living, LLC and its debtor affiliate⁽¹⁾, a real estate company that owns the THRIVE Jenks apartment complex in Jenks, OK, filed for Chapter 11 protection on Jul. 19 in the U.S. Bankruptcy Court for the District of Maryland.

The company reports $14.8 million in assets and $938.7 million in liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. The case number is 26-17758.

⁽¹⁾ PSC Thrive, LLC.

Top Unsecured Claims

Key Parties

Counsel:

• Maurice Verstandig
  The VerStandig Law Firm, LLC
  Email: mac@mbvesq.com

Signatories:

• Zvi Guttman – Chief Restructuring Officer

Equity Security Holders:

• Jenk's Best Living Investors, LLC – 50% Equity Interest
• Pratt Street Capital, LLC – 0% (20% Promote)
• PSC Thrive, LLC – 50% Equity Interest
• Vesta Capital, LLC – 0% (80% Promote)

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

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