Filing Alert: Tai Cheung Realty Chapter 11

Tai Cheung Realty, Inc. and its debtor affiliate⁽¹⁾, a single asset real estate company with its principal assets located in New York, NY, filed for Chapter 11 protection on May 18 in the U.S. Bankruptcy Court for the Eastern District of New York.

The company reports $1 million to $10 million in assets and $10 million to $50 million in liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. The case number is 26-42409.

⁽¹⁾ 43 Mott Realty Owner LLC.

Key Parties

Counsel:

• Adam P. Wofse, Esq.
  LaMonica Herbst & Maniscalco, LLP
  Email: [email protected]

Signatories:

• Ping Cheung – President

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

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