{"id":131700,"date":"2026-02-12T20:41:17","date_gmt":"2026-02-12T20:41:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/131700\/"},"modified":"2026-02-12T20:41:17","modified_gmt":"2026-02-12T20:41:17","slug":"bankrupt-brooklyn-mirage-owner-wins-liquidation-plan-approval","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/131700\/","title":{"rendered":"Bankrupt Brooklyn Mirage Owner Wins Liquidation Plan Approval"},"content":{"rendered":"<p>The bankrupt former owner of the Brooklyn Mirage event space won court approval of a liquidation plan that pays a minimum $6.8 million to unsecured creditors. <\/p>\n<p>Judge Mary F. Walrath of the US Bankruptcy Court for the District of Delaware said Thursday that she\u2019ll approve the liquidation plan, which implements a settlement between Avant Gardner, its creditors, and major lender and buyer Axar Capital Management LLC, once a prepared order is submitted from lawyers.<\/p>\n<p>Creditors could receive higher payouts depending on the future success of the business.<\/p>\n<p>The approval comes after Dubai-based Five Holdings, which owns Pacha Group, announced last &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"The bankrupt former owner of the Brooklyn Mirage event space won court approval of a liquidation plan that&hellip;\n","protected":false},"author":2,"featured_media":131701,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[9975,98,100,99,9972,9,24,63,5591,9971,51525],"class_list":["post-131700","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brooklyn","tag-bankruptcy-liquidation","tag-brooklyn","tag-brooklyn-headlines","tag-brooklyn-news","tag-commercial-debtor","tag-new-york","tag-new-york-city","tag-nyc","tag-settlements","tag-unsecured-claims","tag-valuation-of-bankruptcy-estate-property"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/131700","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=131700"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/131700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/131701"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=131700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=131700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=131700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}