Filing Alert: KIB1 Chapter 11
KIB1 Files Chapter 11 in District of Nevada
KIB1 LLC and its debtor affiliates⁽¹⁾, which appear to be Nevada-registered investment and real estate holding companies based in Las Vegas, filed for Chapter 11 protection on Mar. 16 in the U.S. Bankruptcy Court for the District of Nevada.
Old Toll Road Managers, LLC (“OTRM”), also a Nevada-based entity, serves as KIB1’s sole manager, while William W. Plise is the sole manager of OTRM and the sole member of KIB1.
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 25-11426.
⁽¹⁾ KIB2 LLC and KIB3 LLC.
Top Unsecured Claims
Key Parties
Counsel:
- Richard F. Holley
- Spencer Fane LLP
- Email: rholley@spencerfane.com
Signatories:
- William W. Plise – Manager
Equity Security Holders:
- William W. Plise – 100% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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