Filing Alert: Simba IL Holdings Chapter 11

Simba IL Holdings, LLC, a Newport Beach, CA-based investment holding company, filed for Chapter 11 protection on Sep. 16 in the U.S. Bankruptcy Court for the Central District of California.

The company reports $10 million to $50 million in assets and $100 million to $500 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-12616.

Top Unsecured Claims

Key Parties

General Counsel:

• Leonard M. Shulman
• Shulman Bastian Friedman Bui & O'Dea LLP
• Email: lshulman@shulmanbastian.com

Special Counsel:

• Reeves & Weiss LLP

Chief Restructuring Officer:

• Richard Marshack, Esq.

Signatories:

• Mordechai H. Ferder – Manager

Equity Security Holders:

• Mordechai H. Ferder & Edit F. Ferder, as community property – 99% Equity Interest
• Edit F. Ferder, Trustee of The RF 2021 Irrevocable Trust, dated August 30, 2021 – 1% Equity Interest

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

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