INDOCHINE EXPRESS LELAND LLC Bankruptcy Filing

Filing Information

INDOCHINE EXPRESS LELAND LLC has filed for bankruptcy under case number 24-03486 with the North Carolina Eastern Court. The corporation, based at 7 Wayne Drive, Wilmington NC, filed its petition on October 4, 2024, marking a significant milestone in its financial restructuring process. As a result of this filing, INDOCHINE EXPRESS LELAND LLC will be subject to the oversight and guidance of the bankruptcy court, which will aim to facilitate a fair and efficient resolution to its debts. Bankruptcy information reveals that the company has sought protection from creditors under Chapter 11 of the US Bankruptcy Code, allowing it to reorganize its financial obligations and potentially emerge from insolvency with a more sustainable business model. The exact details of INDOCHINE EXPRESS LELAND LLC's bankruptcy case will be publicly disclosed in the coming weeks and months as the process unfolds.

INDOCHINE EXPRESS LELAND LLC has filed for bankruptcy, a move that signals the company's financial struggles. The filing reveals that the assets of the company fall within a narrow range of $0-$100,000, indicating that its property and other tangible possessions are minimal. With only one to forty-nine creditors involved, INDOCHINE EXPRESS LELAND LLC's debt obligations appear manageable. Notably, the liability range of $1 million to $10 million suggests that the company has significant financial burdens. As a restaurant and other eating places operator, the business is well-positioned within the food service industry, where cash flow challenges are not uncommon. The bankruptcy filing will likely require the company to restructure its debt and negotiate with creditors in order to emerge from insolvency.

INDOCHINE EXPRESS LELAND LLC indicated on its bankruptcy petition that it expects there will be sufficient assets in the estate to make a payment to the unsecured creditors.

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