🚨 Adelaide Pointe Multi-Use files for chapter 11 protection in Florida ADELAIDE POINTE MULTI-USE, LLC 📊 Assets: $1M-$10M | Liabilities: $1M-$10M | Creditors: 1-49 | Industry: Mixed-Use Real Estate Development and Management | District: Middle District of Florida Chapter 11 – Filing Summary _____________________________________________ Middle District of Florida • September 15, 2026 Adelaide Pointe Multi-Use, LLC, a Muskegon, MI-based mixed-use real estate development and management company, filed for chapter 11 protection on September 15, 2026, in the Middle District of Florida. As of September 2026, the company is focused on debt restructuring related to the Adelaide Pointe waterfront development project. Current operations involve managing a 454-slip marina and a luxury condominium complex where 34 of 55 units remain unfinished. The filing follows a period of legal disputes with lenders regarding loan defaults on the Michigan-based project. Key Details _____________________________________________ – Total enterprise assets valued at $91M in 2026 [Source: Jennis Law (2026)] – Total enterprise liabilities reached $61M in 2026 [Source: Jennis Law (2026)] – Residential inventory includes 34 unfinished units out of 55 as of 2026 [Source: SPE Specialists (2026)] – Projected revenue from condominium sales estimated between $27M and $32M in 2026 [Source: WGVU News (2026)] ⚖️ Professionals _____________________________________________ Debtor's Counsel: Jennis Morse #Bankruptcy# #Chapter11# #RealEstate# *Data from court filings & verified sources. All sources should require independent verification. Not financial advice.

🚨 FK Construction Funding files for chapter 11 protection in Florida FK CONSTRUCTION FUNDING, LLC 📊 Assets: $10M-$50M | Liabilities: $10M-$50M | Creditors: 1-49 | Industry: Construction Factoring and Cash Management Services | District: Southern District of Florida Chapter 11 – Filing Summary _____________________________________________ Southern District of Florida • August 14, 2026 FK Construction Funding, LLC, a Tequesta, FL-based construction factoring and cash management services provider, filed for chapter 11 protection on August 14, 2026, in the Southern District of Florida. As of mid-2026, the company’s operations are centered on managing multi-state litigation and debt restructuring. The firm continues to provide its payment assurance program and factoring services while navigating legal disputes in Florida, Massachusetts, and Pennsylvania regarding construction project funding and lien enforcement. Historically, the company operated as a risk-mitigation partner for large-scale solar and commercial construction projects. Prior to 2022, the firm focused on expanding its factoring footprint across 36 states. Key Details _____________________________________________ – Involved in litigation with AUI Partners LLC regarding construction project funding as of August 2026 [Source: PacerMonitor (2026)] – Initiated a breach of contract lawsuit against CADB Catalyst Construction Group in February 2026 [Source: Justia (2026)] – Published a 2026 construction industry growth forecast in November 2025 [Source: FK Construction Funding (2025)] Construction Factoring: NAICS 522298 – All Other Nondepository Credit Intermediation. The company provides specialized financing and cash management services to the construction industry. ⚖️ Professionals _____________________________________________ Debtor's Counsel: Shraiberg Page PA #Bankruptcy# #Chapter11# #Construction# *Data from court filings & verified sources. All sources should require independent verification. Not financial advice.