Skwere Congregation Declares Bankruptcy in the Eastern District, $10M -$50M in Assets and Liabilities

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Skwere Congregation with a Number of DBA’s and $10M-$50M in Assets and Liabilities Files for Chapter 11 Protection – For the Second Time..

 

Brooklyn, N.Y.-based Cong. Khal Chasidei Skwere, which does business under the names Tomer Devora School, Yeshiva Bais Yitzchok, Skwere Mosdos, Mesivta Bais Yitchok, Camp Skwere and Camp Bnos Skwere, filed for chapter 11 protection today in the Bankruptcy Court for the Eastern District of New York. The company reports $10 million to $50 million in both assets and liabilities. The debtor is represented by Backenroth Frankel & Krinsky in New York. The case number is 19-44540. The case has yet to be assigned to a judge.

 

The debtor’s list of largest unsecured creditors includes Wexal Investors, which holds a $3.7 million claim that is subject to a $1 million collateral deduction or setoff. The majority of the remaining unsecured claims are held by individuals.

 

The company previously filed for chapter 11 relief in the Eastern District of New York on July 20, 2011 (case no. 1-11-46263 (CEC)).

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