Privately-held BH Sutton Mezz filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, case number 16-10455.
The Company, which owns real estate property in New York, is represented by Joseph S. Maniscalco of LaMonica Herbst & Maniscalco.
According to documents filed with the Court, “The Debtor’s Chapter 11 filing was precipitated by, among other things, litigation with one of its lenders and an attempt by the Gamma Lender to foreclose on the Debtor’s membership interest through a quick sale under the Uniform Commercial Code. There is substantial equity in the Real Properties and the Debtor seeks relief from the Bankruptcy Court to protect the value of its assets.”
BH Sutton Mezz’s petition indicates pre-petition assets of $256 million. Read more bankrupt company news.
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