Tag: Adam Hendry
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Judge Mora Freezes $4.46 Million From Cheyenne River Ranch Sale After Creditor Accuses Adam Hendry Of Concealment
West Palm Beach FL – A federal bankruptcy judge has frozen $4,459,338.70 in proceeds from the sale of a South Dakota cattle ranch after a Toronto-based investment firm accused Adam Hendry of concealing its claim to the money throughout his personal Chapter 11 case — the second time, according to court filings, that the same…
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Bankruptcy’s Own Claim Agent Says It Hasn’t Been Paid, Moves to Force Tzadik Entities to Pay Up
West Palm Beach, FL – The company responsible for notifying every creditor in the Tzadik Sioux Falls Portfolio I bankruptcy has a complaint of its own: it says it hasn’t been paid, either. BMC Group, Inc. — the court-appointed Claims and Noticing Agent in the lead case (Case No. 25-13865-MAM) — filed a Motion to…
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Interim Order Bars Rushmore Hotel from Paying Adam Hendry or Any Entity He Controls
Rapid City SD – Judge Mindy A. Mora entered an Agreed Second Interim Cash Collateral Order in the Tzadik Mount Rushmore Hotel bankruptcy on Sept. 23, resolving a Sept. 9 hearing on the hotel’s request to keep using its own cash while the case proceeds (Doc. 62). BankWest, Inc., the hotel’s senior secured lender, initially…
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Star Village Deal Only Half -Approved, as Fannie Mae Says Hendry’s History of Stalling Isn’t New
Six days after the hearing, the order that actually moves the property still hasn’t been entered. Aspen Park, meanwhile, stays on track for a November auction. Rapid City SD – A federal bankruptcy judge has authorized Adam Hendry to sign and carry out the settlement that would determine Star Village’s fate — but as of…
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Hendry v Hendry: The Man Who Sues His Own Empire
Rapid City SD – Adam M. Hendry is, on paper, one of the most closely supervised people in South Dakota real estate right now. A federal Plan Administrator holds sole authority to sell his ranch, his hotel, and dozens of the LLCs that carry his name. A confirmed bankruptcy plan bars one of his own…
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Settlement Filed in Tzadik Bankruptcy Sets Accelerated Sale Deadline for Hendry’s Farm, Ranch and LaCrosse Estates Apartments
Rapid City SD – A settlement agreement filed Sept. 11 in the Tzadik Sioux Falls Portfolio III bankruptcy case sets hard deadlines for the sale of three properties tied to Rapid City developer Adam Hendry — a South Dakota ranch, a Florida farm, and LaCrosse Estates Apartments, the 265-unit complex at 761 E. Anamosa St.…
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Creditor States that Adam Hendry Hid a $5.1 Million Debt as His Estate Pivots to Public Auction
Rapid City SD –Three filings in Adam Hendry’s personal Chapter 11 bankruptcy case, read together, sketch an estate running low on options: a creditor accusing Hendry of hiding a multimillion-dollar debt, a batch of properties sliding from private sale into public auction after missing their deadline, and a payment that moved from one Hendry-controlled entity…
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State Records Tie Adam Hendry’s Dakota Flats LLC to a Second Rapid City Motel
Rapid City SD – When Tzadik Mount Rushmore Hotel, LLC disclosed $28,000 in payments to an entity called “Dakota Flats” in the 90 days before its bankruptcy filing, the Sentinel reported what could be confirmed at the time: Dakota Flats, LLC is a real South Dakota company, and Adam Hendry — the hotel’s own manager…
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Adam Hendry’s Own Bankruptcy Filing Says He Owns Both Sides of a $28,000 Payment
Rapid City SD – When the Tzadik Mount Rushmore Hotel, LLC disclosed its pre-bankruptcy payments on Sept. 4, one line stood out: two payments, $14,000 each, sent in July to an entity identified only as “Dakota Flats” (Doc. 50, p. 48). The filing offered no explanation of the payments or the debtor’s relationship to the…
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What the Tzadik Mount Rushmore Hotel’s New Bankruptcy Schedules Do – and Don’t – Reveal
Rapid City SD – Tzadik Mount Rushmore Hotel, LLC filed its schedules of assets and liabilities and Statement of Financial Affairs on Sept. 4, more than three weeks after the company’s Aug. 13 Chapter 11 petition. The filing was signed by Adam M. Hendry as Managing Member and executed the same day (Doc. 50, p.…