68700 DINAH SHORE DR., LLC Bankruptcy Filing

68700 DINAH SHORE DR., LLC Filing Information

A corporation called 68700 DINAH SHORE DR., LLC filed for Chapter 11 bankruptcy on October 10, 2024. The case, denoted as 24-42412, was filed with the Texas Eastern Court. The debtor's address of record is c/o BBM LTD. Co., located at 6275 West Plano Pkwy., in Plano, TX. As a result of this bankruptcy filing, the corporation will be seeking protection under Chapter 11 of the US Bankruptcy Code to restructure its debts and seek a fresh start. The specific details of the company's financial situation and intentions are not yet publicly available, but the filing indicates that 68700 DINAH SHORE DR., LLC is taking this step as part of an effort to address its financial obligations.

In a recent bankruptcy filing, 68700 DINAH SHORE DR., LLC, has sought relief from its creditors. The company, operating as a lessor of real estate, has reported assets valued between $10 million and $50 million, while its liabilities fall within the range of $100,001 to $1,000,000. With only one to 49 creditors listed, the court will have limited pool of individuals or businesses to whom the company owes money. The specific details of the bankruptcy case are still emerging, but it is clear that this filing marks an important step for the company in addressing its financial obligations. As a lessee of real estate, 68700 DINAH SHORE DR., LLC's primary business involves renting out properties to other parties, and its bankruptcy filing may have significant implications for both its stakeholders and the broader industry.

68700 DINAH SHORE DR., 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.