Case Summary: Senior Living Community Bridgemoor at Plano
Fri Mar 11, 2022 9:40 pm Bankruptcy Filings
If you’re not familiar with BSPV-Plano LLC, the company was organized to develop, construct, own, finance and operate a senior living community in Texas called The Bridgemoor at Plano. BSPV-Plano filed for chapter 11 protection on March 1, but construction is not scheduled to complete until this summer. Discussions about how to handle a shortfall of funds to finish construction have not been formalized into a forbearance agreement.
Which would yield the highest recovery for bondholders and other creditors – completion of the project or sale?
To get the full debt analysis and background, read the full story.