Filing Alert: Presidential Mountain Resort Owner Chapter 11
PMR LLC, a Brooklyn, NY-based owner and operator of Presidential Mountain Resort - a lakefront cabin resort in Bethlehem, NH, filed for Chapter 11 protection...
PMR LLC and its debtor affiliates⁽¹⁾, a Brooklyn, NY-based owner and operator of Presidential Mountain Resort - a lakefront cabin resort in Bethlehem, NH, filed for Chapter 11 protection on Jun. 24 in the U.S. Bankruptcy Court for the Eastern District of New York.
(2) Although the lead case lists minimal liabilities, several jointly administered affiliates report liabilities of $10 million to $50 million.
The cases are being jointly administered under case number 26-43094.
The company reports $1.8 million in assets and $585.7 thousand (affiliates report liabilities of up to $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 26-43094.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
Chapter 11 Debtors
Top Unsecured Claims
Key Parties
Counsel:
- Charles Wertman
Law Offices of Charles Wertman, P.C.
Email: charles@cwertmanlaw.com
Signatories:
- Yizchok Rudich – Member
Equity Security Holders:
- Avraham Rudich – 1% Equity Interest
- Yizchok Rudich – 99% Equity Interest