TECHGROUPONE INC Bankruptcy Filing
Case Number: 24-20339
TECHGROUPONE INC filed a 11 chapter bankruptcy in the Southern District of Florida bankruptcy court on October 04, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-20339.
TECHGROUPONE INC Filing Information
TECHGROUPONE INC., a corporation based in Florida, has filed for bankruptcy under case number 24-20339 in the Florida Southern district court. The company's bankruptcy filing on October 4, 2024, marks an important milestone in its financial restructuring process. This development provides crucial information about the company's financial situation and will likely shape its future operations. Judge Corali Lopez-Castro has been assigned to oversee this bankruptcy proceeding. According to bankruptcy laws, TECHGROUPONE INC.'s filing of this case is intended to provide a structured framework for managing its debts and reorganizing its finances.
TECHGROUPONE INC. filed for bankruptcy, citing significant financial struggles that have left the company with limited assets and substantial liabilities. According to court documents, TECHGROUPONE INC.'s assets are valued within the range of $0 to $100,000, a stark contrast to its potential earning capacity as a residential building construction company. With only 1-49 creditors listed, it appears that TECHGROUPONE INC.'s debt obligations are relatively manageable for this small group of stakeholders. As a business operating in the residential building construction industry, TECHGROUPONE INC. has been working on projects and developments, but its financial woes have ultimately forced it to seek Chapter [insert chapter number] protection. The exact reasons behind TECHGROUPONE INC.'s bankruptcy filing remain unclear at this time.
TECHGROUPONE INC 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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TECHGROUPONE INC Docket Header
Subchapter_V, SmBus, PlnDue |
Southern District of Florida (Miami)
Bankruptcy Petition #: 24-20339-CLC
Assigned to: Corali Lopez-Castro Chapter 11 Voluntary Asset |
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| Debtor TechGroupOne Inc 8504 NW 66th ST Miami, FL 33166 MIAMI-DADE-FL Tax ID / EIN: 65-1099373 |
rep. by |
Diego Mendez
POB 228630 Doral, FL 33222 305-264-9090 Fax : 1-305-809-8474 Email: info @ mendezlawoffices.com |
| U.S. Trustee Office of the US Trustee 51 S.W. 1st Ave. Suite 1204 Miami, FL 33130 (305) 536-7285 |