Filing Alert: Village at Sugar Creek Chapter 11
Village at Sugar Creek Files Chapter 11 in Southern District of Iowa
DB Booneville, LLC, the Iowa-based developer of the Village at Sugar Creek multifamily project, filed for Chapter 11 protection on May 13 in the U.S. Bankruptcy Court for the Southern District of Iowa.
The company reports $1 million to $10 million 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 25-00817.
Top Unsecured Claims
Key Parties
Counsel:
- Samuel Z. Marks, Esq.
- Marks Law Firm
- Email: office@markslawdm.com
Signatories:
- Louis Weltman – Manager
Equity Security Holders:
- Huxley KNG, LLC – 49.2% Equity Interest
- Jesse James SD IRA, LLC – 49.2% Equity Interest
- Mighty Mouse, LLC – 1.6% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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