New Delaware Chapter 11 – Delaware Sports Complex, LLC
Delaware Sports Complex, LLC, which operates an 180 acre indoor and outdoor sports facility and the 190 acre St. Annes golf course in Middletown, Delaware, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 17-11175). According to the Petition, the Debtor is filing as a small business debtor. The Petition estimates the Debtor’s assets and liabilities to both be between $1–$10 million. The Debtor has filed a DIP Financing Motion seeking authority to borrow up to $278,750 in order to fund its professional and statutory fees throughout the case. The Debtor has not moved to appoint a claims or noticing agent. The case has been assigned to the Honorable Kevin Gross.
Contact Norman L. Pernick and Nicholas J. Brannick for more information.
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