National Realty Investment Advisors LLC

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Case Number:

2:22-bk-14539

Court:

New Jersey

Nature of Suit:

Firms

Companies

Sectors & Industries:

November 13, 2023
National Realty Trust Seeks $36M Clawback From Media Exec

The liquidation trustee for National Realty Investment Advisors is seeking to recoup $36.5 million that the real estate investment fund allegedly paid a "one-man" marketing firm starting in 2016, telling a New Jersey bankruptcy court the disbursals were made at the height of the debtor's purported Ponzi scheme.
January 10, 2023
Bankrupt NJ Developer Gets OK To Close On Real Estate Buy

A New Jersey bankruptcy judge Tuesday gave real estate developer National Realty Investment Advisors permission to close on a $9.25 million pre-Chapter 11 real estate deal after it said the purchase would ultimately bring in more cash to pay its creditors.
August 10, 2022
Endo Teeters On The Edge, Revlon Equity Committee Sought

Endo Pharmaceuticals said it is close to filing for bankruptcy over its opioid liability, Revlon shareholders want representation in its Chapter 11 case, and a North Carolina judge said sanctions worked on asbestos claimants in the Bestwall bankruptcy. This is the week in bankruptcy.
August 09, 2022
NJ Developer, Investors Agree To Manager Switch In Ch. 11

A deal between real estate developer National Realty Investment Advisors and a group of investors to swap the company's current manager for one with no ties to its former leadership received a New Jersey bankruptcy judge's approval on Tuesday.
July 19, 2022
Sills Cummis Clears Hurdle To Lead Developer's Ch. 11 Case

Sills Cummis & Gross PC on Tuesday won a New Jersey bankruptcy judge's blessing to represent real estate developer National Realty Investment Advisors and its affiliates in their Chapter 11 cases, defeating a challenge from the U.S. Trustee's Office over the firm's previous representation of former company officials accused of misconduct.
June 29, 2022
Sears Lease Fight Hits High Court, Gulf Coast Plan Approved

The U.S. Supreme Court took up a lease fight between Sears Holdings and the Mall of America, Gulf Coast Health Care got its Chapter 11 plan confirmed, and contractors owed money by the owner of the Carolina Panthers want a bankruptcy venue transfer. This is the week in bankruptcy.
June 24, 2022
NJ Developer Wants To Claw Back Cash From Ex-Executives

Real estate developer National Realty Investment Advisors has filed a suit in New Jersey bankruptcy court to claw back $420,000 it alleges the company's then-CEO withdrew from its accounts before passing it on to a now-former executive facing fraud charges.
June 21, 2022
NJ Developer Gets Cautious OK For Ch. 11 Property Sales

Real estate developer National Realty Investment Advisors received tenuous approval Tuesday for a series of private property sales from a New Jersey bankruptcy judge only after it agreed to segregate the sale proceeds until investors could review the deals.
June 14, 2022
Small Biz Debt Limit Raised, Crypto Exec Can't Ditch Case

Congress took action to permanently raise the debt limit for small business Chapter 11 cases, a former cryptocurrency investment firm executive can't ditch his own bankruptcy case, and a bankrupt hotel company asked to deny a $6 million fee request from its own attorneys. This is the week in bankruptcy.
June 09, 2022
NJ Developer To Seek Ch. 11 Approval To Run Property Sales

National Realty Investment Advisors told a New Jersey bankruptcy judge Thursday that it intends to seek court approval to allow the debtor to continue to sell the residential properties it has already developed without having to seek permission for each individual transaction.

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