MOTOLEASE FUNDING, LLC Bankruptcy Filing
Case Number: 24-16520
MOTOLEASE FUNDING, LLC filed a 7 chapter bankruptcy in the Central District of California bankruptcy court on August 14, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-16520.
MOTOLEASE FUNDING, LLC Filing Information
MOTOLEASE FUNDING, LLC has filed for Chapter 7 bankruptcy under case number 24-16520 with the California Central Court. The filing, which occurred on August 14, 2024, marks an important milestone for the corporation as it seeks to restructure its debt obligations. As a publicly traded company, MOTOLEASE FUNDING, LLC's bankruptcy is expected to have significant implications for its stakeholders and the broader financial markets. Under Chapter 7, the debtor aims to liquidate its assets and distribute the proceeds among its creditors in an orderly manner. The court will now oversee the process, which will involve a thorough examination of the company's financial situation and the negotiation of a plan with its creditors. The bankruptcy filing comes at a time when MOTOLEASE FUNDING, LLC is facing significant financial pressures, and this move is expected to provide much-needed relief for the organization as it navigates this challenging period.
MOTOLEASE FUNDING, 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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MOTOLEASE FUNDING, LLC Docket Header
Incomplete |
Central District of California (Los Angeles)
Bankruptcy Petition #: 2:24-bk-16520
Assigned to: Chapter 7 Voluntary No asset |
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| Debtor Motolease Funding, LLC 10866 Wilshire Blvd Ste 800 Los Angeles, CA 90024 LOS ANGELES-CA Tax ID / EIN: 83-1300819 |
rep. by |
Marc Weitz
Law Office of Marc Weitz 633 W 5th St, Ste 2800 Los Angeles, CA 90071 323-600-4805 Fax : 213-784-5407 Email: marcweitz @ weitzlegal.com |
| U.S. Trustee United States Trustee (LA) 915 Wilshire Blvd, Suite 1850 Los Angeles, CA 90017 (213) 894-6811 |