Woodbridge Group of Companies, LLC, a Sherman Oaks, California-based real estate finance and development company, has filed for Chapter 11 protection in Delaware. The committee formation meeting is scheduled for December 14, 2017 at 10:00 a.m. at the Doubletree Hotel in Wilmington, Delaware.
The company says it intends to file a plan to substantially reduce its debt and transition its real estate investment business to institutional financing sources. It hopes to reorganize and successfully emerge as a profitable real estate investment before the end of 2018.
Additional information is available here.