Filing Alert: Allstate Lending Group Chapter 11
Allstate Lending Group, Inc., a Monterey Park, CA-based private money lender and mortgage brokerage that originates and services real estate-backed loans, fi...
Allstate Lending Group, Inc. and its debtor affiliate⁽¹⁾, a Monterey Park, CA-based private money lender and mortgage brokerage that originates and services real estate-backed loans, filed for Chapter 11 protection on Feb. 27 in the U.S. Bankruptcy Court for the Central District of California.
The company reports $500 thousand to $1 million in assets and $50 million to $100 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-11879.
⁽¹⁾ Allstate Lending Group Servicing LLC.
Top Unsecured Claims
Key Parties
Counsel:
- Kyra E. Andrassy
Raines Feldman Littrell LLP
Email: kandrassy@raineslaw.com
Signatories:
- Howard Grobstein – Chief Restructuring Officer