Filing Alert: Verandas 5455 Chapter 11

Verandas 5455 LLC, a single asset real estate company that owns Verandas at Bear Creek apartment complex in Houston, TX, filed for Chapter 11 protection on A...

Verandas 5455 LLC, a single asset real estate company that owns Verandas at Bear Creek apartment complex in Houston, TX, filed for Chapter 11 protection on Aug. 3 in the U.S. Bankruptcy Court for the Southern District of Texas.

The company reports $18.3 million in assets and $15.3 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 26-35745.

Top Unsecured Claims

Key Parties

Counsel:

Elias Yazbeck
The Law Office of Elias M. Yazbeck, PLLC
Email: elias@yazbecklaw.com

Signatories:

Sridhar Sannidhi – Authorized Representative

Equity Security Holders:

Grow Wealth 2 Retire LLC