ARRAKIS LLC Bankruptcy Filing
Case Number: 24-22322
ARRAKIS LLC filed a 11 chapter bankruptcy in the Western District of Pennsylvania bankruptcy court on September 20, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-22322.
ARRAKIS LLC Filing Information
ARRAKIS LLC filed for bankruptcy on September 20, 2024, with case number 24-22322, according to recent filings. The corporation, based at 610 Lockhart Street, Pittsburgh PA, will be handled by Judge Gregory L Taddonio in the Pennsylvania Western Court. This marks a significant development for ARRAKIS LLC, which is now navigating the complex process of restructuring its financial obligations. As part of this process, the company's assets and liabilities will be assessed to determine an appropriate course of action, with the goal of emerging from bankruptcy in a manner that maximizes value and minimizes disruption to stakeholders. The specifics of the case are set to unfold in the coming weeks as ARRAKIS LLC works to stabilize its finances and restructure its operations.
ARRAKIS 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. This is a bad sign for creditors as it implies that no recovery is likely.
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ARRAKIS LLC Docket Header
Sale |
WESTERN DISTRICT OF PENNSYLVANIA (Pittsburgh)
Bankruptcy Petition #: 24-22322-GLT
Assigned to: Chief Bankruptcy Jud Gregory L Taddonio Chapter 11 Voluntary Asset |
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| Debtor Arrakis LLC 610 Lockhart Street Pittsburgh, PA 15212 ALLEGHENY-PA Tax ID / EIN: 82-2299367 dba Comfort Inn & Suites Pittsburgh-Northshore |
rep. by |
Kirk B. Burkley
Bernstein-Burkley, P.C. 601 Grant Street 9th Floor Pittsburgh, PA 15219 412-456-8108 Fax : 412-456-8135 Email: kburkley @ bernsteinlaw.com Gus Kallergis Bernstein-Burkley, P.C. 1360 East Ninth Street Suite 1250 Cleveland, OH 44114 216-415-8200 Email: gkallergis @ bernsteinlaw.com |
| U.S. Trustee Office of the United States Trustee 1000 Liberty Avenue Suite 1316 Pittsburgh, PA 15222 412-644-4756 |
rep. by | William M. Buchanan
DOJ-Ust 1000 Liberty Avenue Ste 1316 Pittsburgh, PA 15222 412-644-4779 Email: william.buchanan @ usdoj.gov |