Filing Alert: Verandas 5455 Chapter 11

Verandas 5455 LLC, a single asset real estate company that owns Verandas at Bear Creek apartment complex in Houston, TX, filed for Chapter 11 protection on Aug. 3 in the U.S. Bankruptcy Court for the Southern District of Texas.

The company reports $18.3 million in assets and $15.3 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 26-35745.

Top Unsecured Claims

Key Parties

Counsel:

• Elias Yazbeck
  The Law Office of Elias M. Yazbeck, PLLC
  Email: elias@yazbecklaw.com

Signatories:

• Sridhar Sannidhi – Authorized Representative

Equity Security Holders:

• Grow Wealth 2 Retire LLC

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

Stay informed on every Chapter 11 bankruptcy case with liabilities exceeding $10 million. Subscribe for free to have our coverage delivered directly to your inbox, and explore our full archive of past summaries.

Explore Bondoro Insights for live case dockets and comprehensive coverage of material filings from petition to plan confirmation.