Filing Alert: Schwab Road BSD Chapter 11

Schwab Road BSD LLC, a real estate holding company that owns an industrial warehouse in Hatfield, PA, filed for Chapter 11 protection on Sep. 25 in the U.S. Bankruptcy Court for the Eastern District of New York.

The company reports $23 million in assets and $17 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-44485.

Key Parties

Counsel:

• Charles Wertman
  Law Offices of Charles Wertman, P.C.
  Email: charles@cwertmanlaw.com

Signatories:

• Theodore Welz – CRO

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

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