Filing Alert: Neo On First Owner Chapter 11
Neo On First Owner Files Chapter 11 in Northern District of California
Neo Assets, LLC, a single asset real estate company whose principal asset is the Neo on First mixed-use residential and commercial building in San Jose, CA, filed for Chapter 11 protection on Jan. 6 in the U.S. Bankruptcy Court for the Northern District of California.
The company reports $39.5 million in assets and $23.5 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-50015.
Top Unsecured Claims
Key Parties
Counsel:
- Arasto Farsad
Farsad Law Office, P.C.
Email: Farsadlaw1@gmail.com
Signatories:
- Lucy Cai – Debtor's Authorized Representative
Equity Security Holders:
- NEO Assets Management, Inc. – 64% Equity Interest
- NEO Wealth Management, LLC – 27.4% Equity Interest
- Zhuoyu Li – 8.6% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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