PL 177 ARLINGTON EO URBAN RENEWAL LLC Bankruptcy Filing
Case Number: 24-16840
PL 177 ARLINGTON EO URBAN RENEWAL LLC filed a 11 chapter bankruptcy in the District of New Jersey bankruptcy court on July 09, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-16840.
PL 177 ARLINGTON EO URBAN RENEWAL LLC Filing Information
Arlington EO Urban Renewal LLC has filed for Chapter 11 bankruptcy protection with the United States Bankruptcy Court for the District of New Jersey. The company, incorporated as PL 177 Arlington EO Urban Renewal LLC, made this move on July 9, 2024, under case number 24-16840. According to court records, the corporation's address is listed as 177 N. Arlington Avenue in East Orange, NJ. This marks a significant step for the company, which will now be subject to the oversight and guidance of Judge Vincent F. Papalia. As part of this process, the company will aim to restructure its debts and assets under Chapter 11 bankruptcy, allowing it to continue operating while addressing financial obligations. The exact details of the restructuring plan remain to be seen, but the filing suggests a willingness to seek relief from creditors through the bankruptcy process.
PL 177 ARLINGTON EO URBAN RENEWAL 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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PL 177 ARLINGTON EO URBAN RENEWAL LLC Docket Header
DefPet |
District of New Jersey (Newark)
Bankruptcy Petition #: 24-16840-VFP
Assigned to: Judge Vincent F. Papalia Chapter 11 Voluntary Asset |
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| Debtor PL 177 Arlington EO Urban Renewal LLC 177 N. Arlington Avenue East Orange, NJ 07017 ESSEX-NJ Tax ID / EIN: 84-2660652 |
rep. by |
Douglas J. McGill
Webber McGill LLC 100 E. Hanover Avenue Suite 401 Cedar Knolls, NJ 07927 973-739-9559 Fax : 973-739-9575 Email: dmcgill @ webbermcgill.com |
| U.S. Trustee U.S. Trustee US Dept of Justice Office of the US Trustee One Newark Center Ste 2100 Newark, NJ 07102 (973) 645-3014 |