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

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.

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