Bellflower Funding, LLC and Wall 123, LLC, two affiliates of the Woodbridge Group of Companies, LLC, have filed petitions for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case Nos. 18-10507 & 18-10508). The Debtors seek joint administration with the ongoing Woodbridge cases (Lead Case No. 17-12560). In the Petition, Bellflower estimates its assets and liabilities to both be between $500 million–$1 billion. Cole Schotz reported on Woodbridge’s filing here, and on the filing of additional Woodbridge co-Debtors here. The cases have been assigned to the Honorable Kevin J. Carey.
Contact Norman L. Pernick or Nicholas J. Brannick for more information regarding this matter. Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.