GRAND PRIX SAN JOSE LLC Bankruptcy Filing

Case Number: 10-13865

GRAND PRIX SAN JOSE LLC filed a 11 chapter bankruptcy in the Southern District of New York bankruptcy court on July 19, 2010. This is a voluntary filing; it was assigned the bankruptcy case number #10-13865.

GRAND PRIX SAN JOSE LLC Filing Information

The bankruptcy petition for GRAND PRIX SAN JOSE LLC showed assets in the range of more than $1B with liabilities in the range of more than $1B. GRAND PRIX SAN JOSE LLC reports that the number of creditors is in the range of 1,000-5,000.

The debtor indicated their nature of business as 'None of the Above'. The nature of business option is fairly limited; most companies will chose 'None of the Above'. The options include: 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.

GRAND PRIX SAN JOSE 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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GRAND PRIX SAN JOSE LLC Docket Header

MEGA, JtAdm, CLMAGT




U.S. Bankruptcy Court
Southern District of New York (Manhattan)
Bankruptcy Petition #: 10-13865-scc

Assigned to: Judge Shelley C. Chapman
Chapter 11
Voluntary
Asset


Date filed:  07/19/2010

Debtor
Grand Prix San Jose LLC
340 Royal Poinciana Way, Suite 306
Palm Beach, FL 33480
OUTSIDE HOME STATE
Tax ID / EIN: 65-1313724

rep. by Paul M. Basta
Kirkland & Ellis, LLP
601 Lexington Avenue
New York, NY 10022
(212) 446-4800
Fax : (212) 446-4900
Email:
 pbasta @ kirkland.com

U.S. Trustee
United States Trustee
33 Whitehall Street
21st Floor
New York, NY 10004
(212) 510-0500

   
Claims and Noticing Agent
Rust Consulting/Omni Claims Agent
Rust Consulting/Omni Bankruptcy
5955 DeSoto Avenue, Suite 100
Woodland Hills, CA 91367
www.omnimgt.com
(818) 906-8300
   

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