{"id":115508,"date":"2026-01-28T20:31:23","date_gmt":"2026-01-28T20:31:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/115508\/"},"modified":"2026-01-28T20:31:23","modified_gmt":"2026-01-28T20:31:23","slug":"brooklyn-mirage-creditors-pull-support-for-bankruptcy-buyer-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/115508\/","title":{"rendered":"Brooklyn Mirage Creditors Pull Support for Bankruptcy Buyer Deal"},"content":{"rendered":"<p>Creditors of New York City live music venue owner Avant Gardner have pulled their support for a bankruptcy plan after discovering distressed debt fund Axar Capital Management LLC negotiated a deal with a third-party venue manager to take over the Brooklyn Mirage club. <\/p>\n<p>The reversal comes after lender Axar \u201csecretly negotiated\u201d a deal between itself and a \u201cworld-renowned venue manager and operator,\u201d undermining a global settlement, an unsecured creditors\u2019 committee told the US Bankruptcy Court for the District of Delaware in a notice Tuesday. The buyer is the Pacha Group, according to a source familiar with the matter.<\/p>\n<p>Axar has &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Creditors of New York City live music venue owner Avant Gardner have pulled their support for a bankruptcy&hellip;\n","protected":false},"author":2,"featured_media":115509,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[5590,9975,98,100,99,9972,9969,9,24,13610,63,51221,5591,9971],"class_list":["post-115508","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brooklyn","tag-acquisitions","tag-bankruptcy-liquidation","tag-brooklyn","tag-brooklyn-headlines","tag-brooklyn-news","tag-commercial-debtor","tag-factoring-transactions","tag-new-york","tag-new-york-city","tag-notice","tag-nyc","tag-plan-confirmation-hearings","tag-settlements","tag-unsecured-claims"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/115508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=115508"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/115508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/115509"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=115508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=115508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=115508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}