Filing Alert: The Mark Cumberland Chapter 11

The Mark Real Estate Holdings, LLC, a Cumberland, ME-based development firm behind The Mark Cumberland, a 45-unit luxury condominium project, filed for Chapter 11 protection on Apr. 22 in the U.S. Bankruptcy Court for the District of Maine.

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 25-20100.

Top Unsecured Claims

Key Parties

Counsel:

• Adam Prescott
• Bernstein Shur Sawyer & Nelson, P.A.
• Email: aprescott@bernsteinshur.com

Signatories:

• Edward Piazza – Manager

Equity Security Holders:

• Titan Funding Holdings 1, LLC – 100.0% Equity Interest

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

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