NATURE COAST DEVELOPMENT GROUP, LLC Bankruptcy Filing
Filing Information
NATURE COAST DEVELOPMENT GROUP, LLC filed for Chapter 11 bankruptcy on October 7, 2024, as indicated by case number 24-10201. The corporation, based at 7272 Cardinal Trl, Fanning Spgs FL, has sought protection under the provisions of the US Bankruptcy Code. As a Florida-based company, the filing is set to be heard in the Northern District of Florida Court. The Chapter 11 bankruptcy proceeding aims to restructure debt obligations and facilitate financial recovery for NATURE COAST DEVELOPMENT GROUP, LLC. With this move, the company is seeking to navigate potential financial challenges and explore opportunities for restructuring its assets and liabilities.
NATURE COAST DEVELOPMENT GROUP, LLC has filed for bankruptcy, marking a significant milestone in the company's financial restructuring. The filing reveals that the travel accommodation company is facing substantial liabilities, with estimated debt ranging from $10 million to $50 million. With assets valued between $1 million and $10 million, NATURE COAST DEVELOPMENT GROUP, LLC is relying on creditors to support its operations during this challenging period. A limited number of creditors, ranging from one to 49, will be directly impacted by the bankruptcy proceedings. As a key player in the travel accommodation industry, the company's financial struggles are likely to have far-reaching consequences for stakeholders and investors alike. The specifics of the case remain under review, as the court process unfolds and more details about the company's insolvency become clear.
NATURE COAST DEVELOPMENT GROUP, 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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NATURE COAST DEVELOPMENT GROUP, LLC Bankruptcy Docket Header
DsclsDue, No_Subchapter_V, PlnDue, PRVDISM, Repeat |
Northern District of Florida (Gainesville)
Bankruptcy Petition #: 24-10201-KKS
Assigned to: Judge Karen K. Specie Chapter 11 Voluntary Asset |
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Debtor Nature Coast Development Group, LLC 7272 Cardinal Trl Fanning Spgs, FL 32693-7690 Gilchrist-FL Tax ID / EIN: 82-2639443 |
rep. by |
Michael Howard Moody
Michael H. Moody Law P.A. 1350 Market Street Suite 224 Tallahassee, FL 32312 850-739-6970 Email: Michael.Moody @ MichaelHMoodyLaw.com |
U.S. Trustee United States Trustee 110 E. Park Avenue Suite 128 Tallahassee, FL 32301 850-942-1660 |
rep. by | Jason H. Egan
Office of the U. S. Trustee 110 E. Park Avenue Suite 128 Tallahassee, FL 32301 (850) 942-1664 Fax : (850) 942-1669 Email: jason.h.egan @ usdoj.gov |