New Delaware Chapter 11 Filing – Lamington Road Designated Activity Company LLC
Lamington Road Designated Activity Company LLC (Case No. 18-12615) and its subsidiary, White Eagle General Partner, LLC (Case No. 18-12614), have filed petitions for relief under chapter 11 in the Bankruptcy Court for the District of Delaware. Lamington Road, based in Dublin, Ireland, indirectly owns a 100% interest in the proceeds of certain life insurance policies acquired using $370 million in financing from Imperial Finance & Trading. Markley Asset Portfolio is Lamington’s 100% equity holder. The Petition further discloses that the fair value of the life insurance policies Lamington Road holds, according to a June 30, 2018 valuation, was approximately $568 million. No other filings have been docketed. The cases have been assigned to the Honorable Kevin Gross.
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