Filing Alert: PIC Estate Chapter 11

PIC Estate LLC, a Dallas, TX-based real estate development company owning land for a planned residential and commercial project in Princeton, Texas, filed for Chapter 11 protection on Mar. 2 in the U.S. Bankruptcy Court for the Eastern District of Texas.

The company reports $100 million to $500 million in assets and $10 million to $50 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-40725.

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Top Unsecured Claims

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Key Parties

Counsel:

• Howard Marc Spector
  Spector & Cox, PLLC
  Email: hspector@spectorcox.com

Signatories:

• Md Tauhid Choudhury – Managing Member