Filing Alert: Kupono Resort Chapter 11

Kupono Resort LLC, a Santa Monica, CA-based single asset real estate company with principal assets in Koloa, HI, filed for Chapter 11 protection on Jul. 28 in the U.S. Bankruptcy Court for the District of Hawaii.

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 25-00652.

Top Unsecured Claims

Key Parties

Bankruptcy Co-Counsel:

• Allison A. Ito
• Choi & Ito
• Email: aito@hibklaw.com

Bankruptcy Co-Counsel:

• Lesnick Prince Pappas & Alverson LLP

Signatories:

• Darrach McCarthy – Manager of Kukui Management, LLC, Manager of the Debtor

Equity Security Holders:

• Kupono Capital LLC – 99.98% of Kupono Resort LLC
  • Americo Cascella Separate Prop. – 33.36% of Kupono Capital LLC
  • The Ischia 2017 Family Trust – 18.55% of Kupono Capital LLC

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

Stay informed on every Chapter 11 bankruptcy case with liabilities exceeding $10 million. Subscribe for free to have our coverage delivered directly to your inbox, and explore our full archive of past summaries.

Subscribers can also opt in to timely filing alerts by updating their email preferences in Account Settings.