RELIANT LIFE SHARES, LLC Bankruptcy Filing

Filing Information

Reliant Life Shares, LLC has filed for Chapter 11 bankruptcy protection, according to court documents made public on October 7, 2024. The corporation, located at 15260 Ventura Blvd., #1200, Sherman Oaks, CA, has initiated the bankruptcy process with case number 24-11695 in the California Central Court. This move marks a significant development for the company, which is facing financial challenges that have led it to seek reorganization under Chapter 11. Under this chapter of the US Bankruptcy Code, Reliant Life Shares, LLC will work with its creditors and the court to develop a plan to return to profitability and become a viable business entity once again. Judge Martin R. Barash has been assigned to oversee the bankruptcy proceedings for Reliant Life Shares, LLC.

RELiant Life Shares, LLC has filed for bankruptcy, marking a significant turn for the company. According to court documents, the business operates under the Other Financial Investment Activities industry and is experiencing financial difficulties. The company's assets are valued within a range of $10 million to $50 million, while its liabilities also fall within this same range, indicating a significant amount of debt. The bankruptcy filing has attracted a substantial number of creditors, with estimates suggesting between 1,000 to 5,000 individuals and entities holding claims against the company. With this mounting financial burden, RELiant Life Shares, LLC is now seeking relief through restructuring or liquidation proceedings.

RELIANT LIFE SHARES, 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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RELIANT LIFE SHARES, LLC Bankruptcy Docket Header

DsclsDue, PlnDue, Incomplete




U.S. Bankruptcy Court
Central District of California (San Fernando Valley)
Bankruptcy Petition #: 1:24-bk-11695-MB

Assigned to: Martin R. Barash
Chapter 11
Voluntary
Asset
Claims Register
Date filed:  10/07/2024
341 meeting:  11/05/2024
Deadline for objecting to discharge:  01/06/2025

Debtor
Reliant Life Shares, LLC
C/O Force 10 Partners
5271 California Ave #270
Irvine, CA 92617
LOS ANGELES-CA
Tax ID / EIN: 27-4898416

 rep. by Hamid R Rafatjoo
Raines Feldman Littrell LLP
1900 Avenue of the Stars
Suite 1900
Los Angeles, CA 90067
310-440-4100
Email:
 hrafatjoo @ raineslaw.com

U.S. Trustee
United States Trustee (SV)
915 Wilshire Blvd, Suite 1850
Los Angeles, CA 90017
(213) 894-6811 		rep. by Russell Clementson
915 Wilshire Blvd., Suite 1850
Los Angeles, CA 90017
213-894-4505
Fax : 213-894-0276
Email:
 russell.clementson @ usdoj.gov

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