Bankruptcy Reorganization Chapter 11

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Bankruptcy Reorganization Chapter 11

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May 2011

May 30, 2011

San Juan, PR-based, Swiss Chalet, Inc. Files For Chapter 11


Lodging companies in Puerto Rico continue to struggle.

Swiss Chalet, Inc. filed for Chapter 11 on Friday at the United States Bankruptcy Court for the District of Puerto Rico.  The hotel and real estate company's petition lists approximately $118.5 million in assets and $132.7 million in liabilities.

The petition lists the largest creditor as CPG/GS PR NPL, LLC of San Juan with an approximate $118 million disputed loan claim ($47.4 million unsecured).   CPG/GS PR NPL, LLC is a joint venture created by Goldman Sachs and Caribbean Property Group. 

Contact Fowler at fstorms@nationwideresearch.com to receive a daily list of new chapter 11 filings in the lodging or any other industry. 

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May 20, 2011

SIGG Switzerland (USA), Inc. Files For Chapter 11


  • Debtor Name:  SIGG Switzerland (USA), Inc.
  • Year Filed:  2011
  • Jurisdiction:  United States Bankruptcy Court / CT
  • Asset Size:  Less than 10,000,000
  • Case Number:  11-51024
  • Industry:  Manufacturing

Sign up for our case notification service now!  Contact Ken at ktroubh@nationwideresearch.com for details

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Whiteland Village, LTD Files For chapter 11


  • Debtor Name:  Whiteland Village, LTD
  • Year Filed:  2011
  • Jurisdiction:  United States Bankruptcy Court / ED of PA
  • Asset Size:  Less than 10,000,000
  • Case Number:  11-14036
  • Industry:  Real Estate, Health

The petition lists approximately $57 million in liabilities including a disputed $32 million claim of Sovereign Bank ($4 million secured).  Additionally, Roskamp Management Company, LLC is listed as an unsecured creditor with an approximate $19.4 million claim.

Sign up for our Chapter 11 creditor alert service now.  Contact Fowler at fstorms@nationwideresearch.com for 415-773-1230 for details.

 

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WESTERN HOST ASSOCIATES, INC Files For Chapter 11


  • Debtor Name:  WESTERN HOST ASSOCIATES, INC
  • Year Filed:  2011
  • Jurisdiction:  United States Bankruptcy Court / Puerto Rico
  • Asset Size:  Less than 10,000,000
  • Case Number:  11-04152
  • Industry:  Lodging

DBA  PLAZA DE ARMAS HOTEL

The petition lists Banco Popular as the largest creditor with an approximate $5.5 million claim ($1.29 unsecured)

Sign up for our lodging chapter 11 notification service now!  Contact Ken at ktroubh@nationwideresearch.com for details.

 

 

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