All Year Management, a Brooklyn real estate developer that put one of its marquee projects <-bsp-bb-link state="{"bbDocId":"QOZXDYT0AFB6","_id":"0000017d-be81-d91b-a77f-ffe306280000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">into bankruptcy earlier this year, is now seeking Chapter 11 to sell itself.
All Year Holdings Ltd. <-bsp-bb-link state="{"bbHref":"bbg://screens/BBLS%20DD%20X1Q6ODA0CAO2","_id":"0000017d-be81-d91b-a77f-ffe306290000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">filed for bankruptcy in Manhattan after a $37 million judgment against it in connection with certain confessions of judgment from its sole shareholder and founder, Yoel Goldman, who didn’t receive prior board approval, according to a court <-bsp-bb-link state="{"bbHref":"bbg://screens/BBLS%20DD%202048129579905794","_id":"0000017d-be81-d91b-a77f-ffe306290001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">declaration filed by Chief Restructuring Officer Assaf Ravid.
The Covid-19 pandemic added financial pressure to a company that was already struggling under the weight of its debt, according to court ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.