PRESTIGE MOTORS, LLC Bankruptcy Filing
Case Number: 24-32463
PRESTIGE MOTORS, LLC filed a 7 chapter bankruptcy in the District of Oregon bankruptcy court on September 04, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-32463.
PRESTIGE MOTORS, LLC Filing Information
PRESTIGE MOTORS, LLC filed for Chapter 7 bankruptcy on September 4, 2024, under case number 24-32463, according to court records. The Oregon-based corporation has sought protection under the bankruptcy laws of the United States, citing financial difficulties as the reason for its decision. Judge Teresa H Pearson will preside over the case, with Otniel Nick Cercea serving as the debtor's representative at the address 13003 SE 127th Ave., Happy Valley, OR. This marks a significant development for PRESTIGE MOTORS, LLC, as it seeks to restructure or liquidate its assets in order to emerge from financial insolvency. The exact terms of the bankruptcy agreement remain undisclosed until further notice.
PRESTIGE MOTORS, 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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PRESTIGE MOTORS, LLC Docket Header
Assigned to: Bankruptcy Judge Teresa H Pearson Chapter 7 Voluntary No asset |
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| Debtor Prestige Motors, LLC c/o Otniel Nick Cercea 13003 SE 127th Ave. Happy Valley, OR 97086 MULTNOMAH-OR Tax ID / EIN: 84-3913469 |
rep. by |
TODD TRIERWEILER
4721 NE 102nd Ave Portland, OR 97220 (503) 253-7777 Email: orecf @ bankruptcylawctr.com |
| Trustee Kenneth S Eiler 515 NW Saltzman Rd - PMB 810 Portland, OR 97229 (503) 292-6020 |
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| U.S. Trustee US Trustee, Portland 1220 SW 3rd Ave., Rm. 315 Portland, OR 97204 (503) 326-4000 |