Broadbridge LA files operating reports for three months through October

Chicago, Nov. 23 – Broadbridge LA LLC filed its August, September and October monthly operating reports with the U.S. Bankruptcy Court for the Eastern District of New York.

On all three reports, there was neither profit nor loss and zero gross income.

The debtor also reported no cash balance.

With total assets listed at $400 million, the disbursements made by a third party for the benefit of the estate were $33,176 for August, $16,855 for September and $95,353 in October. The cumulative disbursements currently total $145,384.

Previously reported, Broadbridge’s only asset is a one million square-foot commercial space in Los Angeles. When it filed bankruptcy, the company said it was trying to prevent an immediate foreclosure and forfeiture of an investment of about $100 million in the property.

The Chapter 11 plan is based on the relatively prompt sale of the property at 801 South Broadway, Los Angeles, to Capri Investor LLC for $325 million.

The company is looking at a December combined hearing for final approval of its disclosure statement and confirmation of its plan.

Great Neck, N.Y.-based Broadbridge LA filed bankruptcy on Aug. 9 under Chapter 11 case number 22-72048.

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