Filing Alert: Southbridge Associates Chapter 11

Southbridge Associates LLC and its debtor affiliate⁽¹⁾, owner of the Wellsworth Hotel in Southbridge, MA, filed for Chapter 11 protection on Oct. 6 in the U.S. Bankruptcy Court for the District of Massachusetts.

The company reports $0 to $50 thousand in assets and $10 million to $50 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-41208.

⁽¹⁾ Southbridge Associates II LLC.

Key Parties

Counsel:

• David B. Madoff
  Madoff & Khoury LLP
  Email: alston@mandkllp.com

Signatories:

• Barry Lundgren – Authorized Person

Equity Security Holders:

• Franklin Advisors Southbridge, LLC – Greater than 66%
• Southbridge Conference Investors LLC – 10% or more

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

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