Filing Alert: Feng Tai Chapter 11

Feng Tai LLC, a Flushing, NY-based single asset real estate company, filed for Chapter 11 protection on Jun. 1 in the U.S. Bankruptcy Court for the Eastern District of New York.

The company reports $9.5 million in assets and $16.5 million in liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. The case number is 26-42657.

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Top Unsecured Claims

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Key Parties

Counsel:

• William Zou
  Bill Zou & Associates PLLC
  Email: xfzou@aol.com

Signatories:

• Gwoli Chen – Manager

Equity Security Holders:

• Gwoli Chen – 95% Equity Interest
• Candy Lin – 5% Equity Interest