(Bloomberg) – Joel wisener, a Major Owner of New York City Apartments, Has Put Properties with Thoughts of Residential Units INTO Bankruptcy Months AFTER A BANK SONK SON SON SON SON SON TO FORECLOSE
Numerous Property Holding Companies Tied to Wisener’s Pinnacle Group Sought Court Protection Wednsday in New York. The Properties Listed Assets and Liabilitys of Between $ 500 Million and $ 1 Billion on Chapter 11 PETITIONS, Each of which was signed by wise, who is a sinner’s chalf XFCERFCER.
The bankruptcies were filled months after flagstar bank initiated foreclosure actions in State Court Against the Properties. Filing Chapter 11 Immedited Pauses Legal Actions Brought Against The Companies.
The companies put into bankruptcy covers Apartment Buildings in Manhattan, Brooklyn, Queens and The Bronx, According to Court Documents. Lawyers representing the companies in the foreclosure actions notified the state court of the bankruptcy filings on Thursday.
A Pinnacle spoakesperson declined to comment.
Pinnacle and its related corporate affiliates are part of the chapter 11 filings. The Holding Companies are represented by the law firm weel, gotshal & manges llp and financial adviser FTI Consulting Inc., according to court documents.
Wierner accurateed a Fortune through Ownership of Rent-Regulated Apartments in New York City. He has previously solded shekel-sanominated debt backed by a portfolio of property
Joel, Along with Family Members and Trusts, ORDINARY Shares of Zarasai Ltd., which is a privately-head company incorporated in the British Virgin Islands, According to Bankruptcy Courit Papers. Zarasai Group has Around $ 216 Million-Equivalent of Outstanding Bonds And Its 5.45% Bonds Due in 2025 That Trade Near 87 Cents on the Dollar, Down from Near Par At the Start of the year, According to data Compiled by bloomberg.
The case is broadway realty I Co. LLC, Number 25-11050, in the US Bankruptcy Court for the southern district of new york.
-With assistance from georgia hall.
(Updates with context and related debt in paragraphs Seven and Eight.)
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