Security National Properties Funding III files Chapter 11 bankruptcy

By Caroline Salls

Pittsburgh, Oct. 14 - Security National Properties Funding III, LLC filed Chapter 11 bankruptcy Thursday in the U.S. Bankruptcy Court for the District of Delaware.

According to court documents, Security National has $10 million to $50 million in assets and $100 million to $500 million in debt.

The company's largest unsecured creditor is AOI Corp. of Omaha, Neb., with a $1.08 million trade debt claim, according to the filing.

The company is represented by Morris, Nichols, Arsht & Tunnell.

No other details of the case had been filed with the court as of Friday evening.

Security National Properties Funding III is a Baton Rouge, La., affiliate of real estate investment company Security National Master Holding Co. The Chapter 11 case number is 11-13277.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.