Filing Alert: Olde Town Apartments Owner Chapter 11
Olde Town Apartments Owner LLC, a single-asset real estate company whose principal asset is the Olde Town Apartments complex in Springfield, IL, filed for Ch...
Olde Town Apartments Owner LLC, a single-asset real estate company whose principal asset is the Olde Town Apartments complex in Springfield, IL, filed for Chapter 11 protection on Dec. 9 in the U.S. Bankruptcy Court for the Central District of Illinois.
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 25-70986.
Top Unsecured Claims
Key Parties
Counsel:
- Ariel Weissberg
Weissberg and Associates, Ltd.
Email: ariel@weissberglaw.com
Signatories:
- Yaacov Amar – Manager
Equity Security Holders:
- Olde Town Apartments Owner 18, LLC – 50% Membership Interest
- Olde Town Apartments Owner 26, LLC – 50% Membership Interest