New Delaware Chapter 11 Filing – 220 Elm Street II, LLC (Related to Newbury Common Associates, LLC)

Cole Schotz
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220 Elm Street II, LLC, which owns 50% of the real property at 220 Elm Street, New Canaan, Connecticut 06840, has commenced a case (Case No. 16-10653 (LSS)) under Chapter 11 of the Bankruptcy Code by filing a petition with the U.S. Bankruptcy Court for the District of Delaware. The Honorable Laurie Selber Silverstein will preside over the case. The debtor is related to Newbury Common Associates, LLC and its affiliates, which commenced their own cases on December 13 and 15, 2015 and February 3 and 4, 2016. Information on all these cases is available from our earlier blog posts (Post 1 and Post 2) and the claims agent’s website.

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.

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