GPB Automotive Portfolio, LP: going-concern / distress — GPB Automotive Portfolio placed into court-appointed receivership by EDNY

GPB Automotive Portfolio, LP

On Dec 8, 2023, EDNY Court converted SEC monitorship to receivership over GPB CH and GPB Automotive Portfolio.
Joseph T. Gardemal III appointed as receiver, with full powers of officers, directors, and managers.
Court took exclusive jurisdiction and possession of all Receivership Assets and their proceeds.
Litigation injunction imposed on cases against GPB CH and related entities including the Partnership.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

GPB Automotive Portfolio, LP entered receivership in United States District Court for the Eastern District of New York (petition 2023-12-08).

Proceeding: receivership
Court: United States District Court for the Eastern District of New York
Petition: 2023-12-08

Exact text from the filing

On December 8, 2023, the EDNY Court entered an order that (i) the Monitorship be converted to a receivership over GPB CH and related entities (the “Receivership Entities”), including the Partnership, and (ii) a litigation injunction be entered (the “Receivership Order”).

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Source: SEC EDGAR

accession 0001104659-23-125771

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