Weekly Bankruptcy Alert May 27, 2025 (For the Week Ending May 25, 2025)
Tuesday, May 27, 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.
Chapter 11
Debtor Name Business
Type1		 Bankruptcy
Court		 Assets Liabilities Filing
Date
Broadway Realty I Co., LLC2
(New York, NY)		 Activities Related to Real Estate Manhattan
(NY)		 $500,000,001
to
$1 Billion		 $500,000,001
to
$1 Billion		 5/21/15
Carbon Sequestration III, LLC
(San Francisco, CA)		 Other Financial Investment Activities Wilmington
(DE)		 $10,000,001
to
$50 Million		 $100,000,001
to
$500 Million		 5/22/25
Chapter 7
Debtor Name Business
Type1		 Bankruptcy
Court		 Assets Liabilities Filing
Date
Paravel Inc.
(New York, NY)		 Retail Trade Wilmington
(DE)		 $1,000,001
to
$10 Million		 $10,000,001
to
$50 Million		 5/19/25
Northrop and Johnson Yacht Charters, Inc.
(Portsmouth, RI)		 Consumer Goods Rental Providence
(RI)		 $0
to
$50,000		 $500,001
to
$1 Million		 5/21/25
Repapers Corporation
(New York, NY)		 Miscellaneous Durable Goods Merchant Wholesalers Manhattan
(NY)		 $1,000,001
to
$10 Million		 $10,000,001
to
$50 Million		 5/21/25

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

2Lead case filed. Please contact Pierce Atwood for information about additional affiliate filings.
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