Filing Alert: 45 Park Place Development Affiliate Chapter 11

Park Place Partners Development LLC, the owner of a vacant development parcel tied to the 45 Park Place luxury tower and cultural museum project in Manhattan...

Park Place Partners Development LLC, the owner of a vacant development parcel tied to the 45 Park Place luxury tower and cultural museum project in Manhattan, filed for Chapter 11 protection on Sep. 1 in the U.S. Bankruptcy Court for the Southern District of New York.

The company reports $15 million in assets and $13.8 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-12100.

Key Parties

Counsel:

Kevin Nash
Goldberg Weprin Finkel Goldstein LLP
Email: knash@gwfglaw.com

Financial Advisor / CRO:

FIA Capital Partners LLC (David Goldwasser)

Equity Security Holders:

45 Park Place Partners LLC – 100% Equity Interest