Champion Property Holdings, LLC and Anglin Cultured Stone Products LLC (“Debtors”) each filed for Chapter 11 bankruptcy protection with the Delaware Bankruptcy Court on February 10, 2021.
According to Debtors’ Petitions, their assets total between $100k – $500k, and their liabilities total between $1 million and $10 million.
A Subchapter V Trustee was appointed to the action. A Subchapter V Trustee is generally responsible for facilitating a repayment plan and reaching a resolution with creditors. If there is a dispute, the trustee can operate in a manner that is similar to a mediator, to attempt to resolve disputes with creditors.
The Chapter 11 cases are assigned to Judge Dorsey. The law firm of Gellert Scali Busenkell & Brown LLC represents the Debtors.
Carl D. Neff is a partner with the law firm of FisherBroyles, LLP, and practices in Delaware. You can reach Carl at (302) 482-4244 or at Carl.Neff@FisherBroyles.com.