Haruvi family company files for bankruptcy, affecting nearly 500 apartments
A family real estate drama will now play out in a new venue: bankruptcy court. Simry Realty Corp, connected to the Haruvi family, filed for Chapter 11 bankruptcy Sunday. The Haruvi family blamed the financial trouble on a years-long legal battle with member Michelle Haruvi, who claims she was unfairly cut out of the business. The filing affects nearly 500 apartments across seven Manhattan properties. It also puts a stay on Michelle Haruvi’s fight to unwind a 2022 restructuring deal. “To break the stranglehold of protracted state court litigation that unduly interferes with the ability to pursue a mortgage restructuring […]
This article originally appeared on The Real Deal. Click here to read the full story.
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