FRALEG GROUP INC. Bankruptcy Filing
Basic Information on FRALEG GROUP INC. Bankruptcy
FRALEG GROUP INC. filed a 11 chapter bankruptcy in the Eastern District of New York bankruptcy court on September 14, 2021. This is a voluntary filing; it was assigned the bankruptcy case number #21-42322.
The bankruptcy petition for FRALEG GROUP INC. showed assets in the range of $1MM - $10MM with liabilities in the range of $1MM - $10MM. FRALEG GROUP INC. reports that the number of creditors is in the range of 1-49.
The debtor indicated their nature of business as Single Asset Real Estate. The options for nature of business in bankruptcies are rather limited and archaic. They include 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.
The FRALEG GROUP INC. bankruptcy is still open. BankruptcyObserver's database shows the latest docket entry was made on September 14,2021.
Unsecured Creditor Treatment in FRALEG GROUP INC. Bankruptcy:
FRALEG GROUP INC. indicated on its bankruptcy petition that it expects there will be sufficient assets in the estate to make a payment to the unsecured creditors.
FRALEG GROUP INC. Bankruptcy Docket Header
SmBus, SmBusPlnDue, SmBusDsclsDue
Eastern District of New York (Brooklyn)
Bankruptcy Petition #: 1-21-42322-jmm
Assigned to: Jil Mazer-Marino
Fraleg Group Inc.
931 Lincoln Place
Brooklyn, NY 11213
Tax ID / EIN: 82-1085179
Francis E Hemmings
Hemmings & Snell LLP
228-18 Mentone Avenue
Laurelton, NY 11413
Fax : (212)747-9564
general @ hemmingssnell.com
Office of the United States Trustee
Eastern District of NY (Brooklyn Office)
U.S. Federal Office Building
201 Varick Street, Suite 1006
New York, NY 10014