Recent Business Bankruptcy Filings in MA, ME, NH, RI, NY and DE

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Weekly Bankruptcy Alert February 24, 2025 (For the week ending February 23, 2025)

by: Bankruptcy & Creditors' Rights of Pierce Atwood LLP - Alert

Monday, February 24, 2025

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Covering reported business bankruptcy filings in Massachusetts, Maine, New Hampshire, and Rhode Island, and Chapter 11 bankruptcy filings in New York and Delaware listing assets of more than $1 million.

Because your business extends beyond the borders of a single state, ours does too. Today, we are a multi-disciplinary team of highly creative, hard working, responsive, business savvy and experienced bankruptcy and creditors’ rights professionals serving you from offices located in four New England states and the District of Columbia.

Chapter 11

Debtor Name	Business Type¹	Bankruptcy Court	Assets	Liabilities	Filing Date
Nikola Corporation² (Phoenix, AZ)	Motor Vehicle Manufacturing	Wilmington (DE)	$500,000,001 to $1 Billion	$1,000,000,001 to $10 Billion	2/19/25
Elfand Organization LLC (New York, NY)	Not Disclosed	Manhattan (NY)	$1,000,001 to $10 Million	$1,000,001 to $10 Million	2/18/25
DanPowr64 LLC (Salem, MA)	Not Disclosed	Boston (MA)	$1,000,001 to $10 Million	$1,000,001 to $10 Million	2/19/25
679 Columbia Realty, LLC (Franklin, MA)	Residential Building Construction	Worcester (MA)	$0 to $50,000	$0 to $50,000	2/19/25
JW Realty Holdings LLC (Monroe, NY)	Activities Related to Real Estate	Poughkeepsie (NY)	$1,000,001 to $10 Million	$1,000,001 to $10 Million	2/20/25

Chapter 7

Debtor Name	Business Type¹	Bankruptcy Court	Assets	Liabilities	Filing Date
Sky Properties LLC (Providence, RI)	Not Disclosed	Providence (RI)	$100,001 to $500,000	$500,001 to $1 Million	2/20/24

¹Business Type information is taken from Bankruptcy Court filings, which may include incorrect categorization by the debtor or others.

²Additional affiliate filings include Nikola Properties, LLC, Nikola Subsidiary Corporation, Nikola Motor Company LLC, Nikola Energy Company LLC, Nikola Powersports LLC, Nikola H2 2081 W Placentia Lane LLC, 4141 E Broadway Road LLC, Free Form Factory, Inc., and Nikola Desert Logistics LLC.