31-41 44TH ST REALTY LLC Bankruptcy Filing

31-41 44TH ST REALTY LLC Filing Information

In a recent development, 31-41 44TH ST REALTY LLC, a New York-based corporation, has filed for bankruptcy. The company filed its petition on October 04, 2024, under case number 24-44145 with the US Bankruptcy Court in the Eastern District of New York. This marks an important milestone in the financial restructuring process, as the corporation seeks to reorganize its debt obligations and navigate any potential challenges ahead. As a resident of the same address, 31-41 44th St., Astoria, NY, will be directly affected by this bankruptcy filing. The organization type is classified as a Corporation, indicating that it operates as a business entity separate from its owners or shareholders. This bankruptcy filing provides critical information for stakeholders and creditors to understand the company's financial situation and potential plans for recovery.

A company known as 31-41 44TH ST REALTY LLC has filed for bankruptcy. The case reveals a substantial asset base, spanning from $1 million to $10 million, which the company is seeking to restructure or liquidate in light of its financial difficulties. This move affects a relatively small number of creditors, between one and forty-nine parties, indicating that 31-41 44TH ST REALTY LLC may have operated on a more personal or local scale. The liabilities associated with the company fall within the same range as its assets, suggesting that it has not accumulated excessive debt. As an entity operating in Activities Related to Real Estate, the company's financial struggles likely stem from challenges inherent to this specific industry.

31-41 44TH ST REALTY LLC indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors.