Filing Alert: Facilai LLC Chapter 11

Facilai, LLC, a San Jose, CA-based real estate holding company, filed for Chapter 11 protection on May 19 in the U.S. Bankruptcy Court for the Northern District of California.

The company reports $5 million in assets and $25.1 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-50808.

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Top Unsecured Claims

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Key Parties

Counsel:

• Chris Kuhner
  Kornfield, Nyberg, Bendes, Kuhner & Little P.C.

Signatories:

• Kuan Wei William Wu – Managing Member

Equity Security Holders:

• Jing Li – 50% Membership Interest
• Kuan Wei Wu – 50% Membership Interest