🚨 BANKRUPTCY FILING ALERT 🚨
CORK CAPITAL LLC
Chapter 11 Subchapter V - Middle District of Florida
Filed: January 21, 2025
Case No. 25-00363
📊 Assets: $100K-$500K | Liabilities: $1M-$10M | Total Creditors: 1-49 | Industry: Wine Distribution
Filing Summary
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Cork Capital LLC, an Orlando-based wine distribution company, has filed a voluntary Chapter 11 Subchapter V bankruptcy petition. The company operates from its principal location at 8810 Boggy Creek Road in Orlando, Florida. The filing indicates funds will be available for distribution to unsecured creditors.
The company's largest unsecured creditor is Dynamic Investment with a $275,000 loan claim, followed by Perrymoore Wine Inc. with an $88,977 disputed trade debt, and L.D. Vins with a $72,288 trade debt. The debtor's obligations include significant trade debts to various wine suppliers and distributors across the United States and internationally, including vendors from France and Italy.
The filing appears driven by trade debt challenges and loan obligations, with substantial payables to wine industry vendors and multiple creditors. The company also faces obligations including payroll tax debt to the IRS and back rent owed to Prologis.
PROFESSIONALS
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• Bankruptcy Counsel: BransonLaw, PLLC
• Accountant: Shapiro, CPA