Filing Alert: L4L Investment Chapter 11

L4L Investment Inc ("L4L"), an Atlanta, GA-based real estate investment company, filed an amended Chapter 11 petition on Mar. 25 in the U.S. Bankruptcy Court for the Northern District of Georgia.

The amended petition follows a disputed transfer of real estate from Oliver Point Apartments, LLC, a related entity whose own bankruptcy case was recently dismissed. Court filings allege that L4L acquired the property—Oliver Point’s sole significant asset—just days before initiating its own Chapter 11 case. Olivia Chevannes, listed as President of L4L, also managed Oliver Point and signed both bankruptcy petitions.

The lender contends that L4L’s filing represents a second, bad-faith attempt to delay foreclosure on the same collateral and has moved to reassign the case to the judge who presided over the prior proceeding. The lender filed a motion for relief from the automatic stay on Feb. 6, and a hearing on that motion is scheduled for Mar. 26.

L4L initially filed for Chapter 11 protection on Feb. 3, 2025, reporting $1 million to $10 million in assets and liabilities; in its amended petition, it now reports $10 million to $50 million in both categories and indicates that funds will be available for distribution to unsecured creditors. The case number is 25-51137.

Top Unsecured Claims

Key Parties

Counsel:

• William Rountree
• Rountree, Leitman, Klein & Geer, LLC
• Email: wrountree@rlkglaw.com

Signatories:

• Olivia Chevannes – President

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

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