GBI Services, LLC and its debtor affiliates⁽¹⁾, a Palm Beach Gardens, FL-based management subsidiary acting as the lead debtor for the Nicklaus Companies, a global golf course design and brand licensing group, filed for Chapter 11 protection on Nov. 21 in the U.S. Bankruptcy Court for the District of Delaware.
The company reports $10 million to $50 million in assets and $500 million to $1 billion in liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. The case number is 25-12089.
⁽¹⁾ For a complete list of Debtor entities, see organizational structure chart below.
Corporate Organizational Structure
Top Unsecured Claims
Key Parties
Co-Counsel:
- Zachary I. Shapiro
- Richards, Layton & Finger, P.A.
- Email: [email protected]
Co-Counsel:
- David J. Cohen
- Weil, Gotshal & Manges LLP
- Email: [email protected]
Financial Advisor:
- Alvarez & Marsal North America, LLC
Investment Banker:
- Cassel Salpeter & Co.
Signatories:
- Philip D. Cotton – Authorized Person
Claims Agent:…