Filing Alert: Prime Asset Chapter 11

Prime Asset LLC, an Arlington, TX-based buy-here-pay-here auto finance company, filed for Chapter 11 protection on Aug. 12 in the U.S. Bankruptcy Court for the Northern District of Texas.

The company reports $10 million to $50 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-43572.

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Key Parties

Counsel:

• Davor Rukavina
  Munsch Hardt Kopf & Harr, P.C.

Signatories:

• Eric Ryan – Chief Executive Officer

Equity Security Holders:

• Texas Mega FyF Holdings, LLC – 100% Equity Interest