Filing Alert: Magnolia Park Apartments Phase I Owner Chapter 11
Magnolia Park Apartments Phase I Owner Files Chapter 11 in Southern District of Florida
CCH John Eagan I Homes, L.P. and its debtor affiliate⁽¹⁾, owner and operator of the Magnolia Park Apartments Phase I multifamily complex in Atlanta, GA, filed for Chapter 11 protection on Dec. 10 in the U.S. Bankruptcy Court for the Southern District of Florida.
The company reports $28 million in assets and $16 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-24569.
⁽¹⁾ CCH John Eagan II Homes, L.P.
Top Unsecured Claims
Key Parties
Counsel:
- Philip J. Landau
Landau Law, PLLC
Email: plandau@landau.law
Signatories:
- Yashpal Kakkar – Authorized Officer
Equity Security Holders:
- MP Georgia Investment, LLC – 99.9% Equity Interest
- CCH John Eagan I Partners, LLC – 0.09% Equity Interest
- Atlanta Affordable Housing for Future, Inc. – 0.01% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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