SOUTH LINCOLN STORAGE LLC Bankruptcy Filing
Case Number: 24-16115
The only site online to monitor the bankruptcy of SOUTH LINCOLN STORAGE LLC. Access the latest docket and all court documents using our real-time tracking tools.
SOUTH LINCOLN STORAGE LLC filed a 11 chapter bankruptcy in the District of Colorado bankruptcy court on October 15, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-16115.
SOUTH LINCOLN STORAGE LLC Filing Information
SOUTH LINCOLN STORAGE LLC has filed for Chapter 11 bankruptcy protection in the Colorado court system, with case number 24-16115. The filing was made on October 15, 2024, marking a significant development for the corporation. As a corporation, SOUTH LINCOLN STORAGE LLC is required to submit its bankruptcy information, which will be reviewed by Judge Michael E. Romero as part of the Chapter 11 restructuring process. The Debtor Address listed in the filing is P.O. Box 186, Brighton CO, indicating that the company's headquarters are located in this area. The Chapter 11 filing allows SOUTH LINCOLN STORAGE LLC to restructure its debts and operations under the guidance of a bankruptcy trustee, providing a new framework for the company to navigate its financial challenges.
SOUTH LINCOLN STORAGE LLC has filed for bankruptcy, citing a substantial amount of debt. According to court documents, the company's assets are valued between $1 million and $10 million, while its liabilities also fall within this range. This suggests that the storage facility is heavily indebted, potentially due to operational expenses or outstanding lease obligations. With only 1-49 creditors listed, it appears that SOUTH LINCOLN STORAGE LLC has a relatively small number of significant debtors. As a lessee of real estate, the company's business model relies on renting space to customers, implying that its financial struggles may be related to management decisions or market conditions in the lessor of real estate industry. The exact reasons behind the bankruptcy filing are yet to be disclosed, but this information provides a preliminary snapshot of the company's financial situation.
SOUTH LINCOLN STORAGE 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.
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SOUTH LINCOLN STORAGE LLC Docket Header
Assigned to: Michael E. Romero Chapter 11 Voluntary Asset |
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Debtor South Lincoln Storage LLC P.O. Box 186 Brighton, CO 80601 LARIMER-CO Tax ID / EIN: 83-4027231 |
rep. by |
Jeffrey S. Brinen
Kutner Brinen Dickey Riley, P.C. 1660 Lincoln St, Suite 1720 Denver, CO 80264 303-832-2400 Email: jsb @ kutnerlaw.com |
U.S. Trustee US Trustee Byron G. Rogers Federal Building 1961 Stout St. Ste. 12-200 Denver, CO 80294 303-312-7230 |
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