Filing Alert: Sifat Chapter 11

Sifat LLC, a Newport Beach, CA-based limited liability company with principal assets in Galveston, TX, filed for Chapter 11 protection on June 3 in the U.S. Bankruptcy Court for the Central District of California. Based on a filing with the Texas Department of Licensing & Regulation (TDLR), the company appears to be a real estate investment or development firm.⁽¹⁾

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 25-11513.

⁽¹⁾ Cantor Group II, LLC, a member of Sifat LLC, appears affiliated with Cantour Group, the listed owner of the project referenced in the TDLR filing. Both entities share the same address (520 Newport Center Drive, Newport Beach, CA), and the project site (2115 Winnie, Galveston, TX) matches Sifat LLC’s stated location of principal assets.

Top Unsecured Claims

Key Parties

Counsel:

• David B. Golubchik
• Levene, Neale, Bender, Yoo & Golubchik L.L.P.
• Email: dbg@lnbyg.com

Signatories:

• Armando Duarte – Manager

Members:

• Cantor Group II, LLC
• Rec5 Holdings, LLC

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

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