New Delaware Chapter 11 Filing – VIP Property Management II, LLC
On February 18, 2020, VIP Property Management II, LLC, along with four of its affiliates, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (Lead Case No. 20-10344-MFW). Debtor estimates that the value of its assets is between $100-500 million, and its liabilities are also estimated to be between $100-500 million. It is not presently expected that funds will be available for distribution to unsecured creditors. The cases have been assigned to the Honorable Mary F. Walrath.
Cole Schotz does not represent the Debtor in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtor’s counsel.
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