Tag: Tzadik
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Star Village and Aspen Park Are Going to Auction. Here’s What It Means For Tenants
Rapid City SD – For the people who live at Star Village and Aspen Park, the bankruptcy deciding the future of their homes has mostly played out in a courtroom in West Palm Beach, Florida, about 1,800 miles away, in filings that run close to 100 pages apiece. The answers to the questions tenants actually…
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The Deal That Was Supposed to Save Star Village from Auction Appears to Have Collapsed
Rapid City SD – For most of September, the story on Star Village looked like this: a settlement with a judgment creditor had pulled the Rapid City trailer park out of a straightforward bank liquidation and retitled it into a new ownership entity, as part of a broader $66.5 million refinancing deal. A new filing…
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BankWest Says Rushmore Hotel Made $305,000 in Unauthorized Payments – Has Until Oct. 6 to Pay It Back
Rapid City SD – The Rushmore Hotel’s lender says the hotel spent more than $300,000 it wasn’t allowed to spend, stopped sending the financial reports it’s required to send, and has six days to make it right — or lose its authority to use its own operating cash entirely, without another court hearing required. BankWest,…
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Rapid City Is Writing Off $33,840 in Past Due Tzadik Utility Debt Deemed Uncollectable
Rapid City SD – Tucked into a routine, $125,642.10 citywide utility write-off headed to the Rapid City Council on Oct. 5 is $33,840.53 in unpaid bills tied to Tzadik, the Florida-based landlord. The debt is spread across 93 individual line items in Appendix A to Resolution No. 2026-077, ranging from a 17-cent credit to a…
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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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“We’re Going To Have a Hill Filled With Luxury Homes and Apartments”, Alderman Evans States As Council Splits on Chasing Tzadik Utility Debt
A motion to table failed. A council member couldn’t get a straight answer on how a debt ballooned into six figures. And by the end, one alderman had already told the room how this ends. Rapid City SD – Rapid City Council’s Monday night vote to authorize outside counsel against several Tzadik-linked LLCs was never…
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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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The Rapid City Legal and Finance Committee Reject Tzadik’s Offer to Delay $643,000 Collection Suit
Mitch Richter — the same lobbyist Council President Stephen Tamang named on the record at the July 20 council meeting — stood before the Legal and Finance Committee Wednesday and asked it to hold off on suing Tzadik-linked LLCs over unpaid utility bills. The committee said no, and sent the item to full Council unanimously.…
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A Readers Guide To the Adam Hendry/Tzadik Bankruptcy Cases to Date
Rapid City SD – The Sentinel has covered Adam Hendry’s Tzadik real estate empire hearing by hearing, filing by filing, since late July — sixteen pieces and counting. This is the first time we’re stepping back to lay out the whole picture in one place: four separate bankruptcy cases, dozens of LLCs, and courtrooms in…