10 Rittenhouse Square/Philadelphia Rittenhouse Developer Update: Largest Unsecured Creditors


Updating our earlier story regarding the chapter 11 bankruptcy filing of Philadelphia Rittenhouse Developer, L.P., the company has now filed a list of its largest 20 unsecured creditors. The company is the developer of the 10 Rittenhouse Square condominium building in Philadelphia, Pennsylvania.

The two largest unsecured creditors are listed as Turner Construction, with a claim of just over $3 million, and Dale (presumably a reference to Dale Corp., a Pennsylvania full-service construction management, general contracting and development/consulting firm) with a claim of almost $1.74 million. Interestingly, the fifth-largest general unsecured creditor listed is the homeowners' association for 10 Rittenhouse Square condominium owners, with a claim of $183,313.90.

Click here to view the complete list of the company's twenty largest unsecured creditors: http://www.chapter11cases.com/Philadelphia-Rittenhouse-Developer-LP10-Rittenhouse-Square-12--20-Largest-Unsecured-Creditors-Filed-by-ALBERT-A-CIARDI-III-on-behalf-of-Philadelphia-Rittenhouse-Developer-LP-CIARDI-ALBERT-Entered-01062011-_p_43622.html#axzz1AK0gNnRl

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Randall Reese, Restructuring Concepts LLC | Attorney Advertising

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