New Jersey Bankruptcy Court

Case number: 1:25-bk-15047 - Flagship Resort Development Corporation - New Jersey Bankruptcy Court

Case Information
Case title
Flagship Resort Development Corporation
Chapter
11
Judge
Jerrold N. Poslusny Jr.
Filed
05/10/2025
Last Filing
06/03/2026
Asset
Yes
Vol
v
Docket Header

DefPet, Complex, CLMAGT, ADVERSARY, CONFIRMED




U.S. Bankruptcy Court
District of New Jersey (Camden)
Bankruptcy Petition #: 25-15047-JNP

Assigned to: Judge Jerrold N. Poslusny Jr.
Chapter 11
Voluntary
Asset


Date filed:  05/10/2025
Plan confirmed:  10/02/2025
341 meeting:  07/08/2025
Deadline for filing claims:  07/21/2025
Deadline for filing claims (govt.):  11/06/2025

Debtor

Flagship Resort Development Corporation

60 N Maine Avenue
Atlantic City, NJ 08401
ATLANTIC-NJ
Tax ID / EIN: XX-XXXXXXX
dba
CLUB BOARDWALK RESORTS


represented by
Warren J. Martin, Jr.

Porzio Bromberg & Newman
5 Sylvan Way
Suite 110
Parsippany, NJ 07054
973-538-4006
Email: [email protected]

Christopher P. Mazza

Porzio Bromberg & Newman
5 Sylvan Way
Suite 110
Morristown, NJ 07054
973-538-4006
Email: [email protected]

Michael Medved

Porzio, Bromberg & Newman
1675 Broadway
Ste. 1810
New York, NY 10019
646-348-6728
Email: [email protected]

Kimberly N. Pageau

Porzio, Bromberg & Newman, P.C
1675 Broadway, Suite 1810
New York, NY 10019

Rachel A. Parisi

Porzio Bromberg & Newman
5 Sylvan Way
Suite 110
Parsippany, NJ 07054
973-538-4006
Email: [email protected]

Porzio, Bromberg & Newman, P.C.

100 Southgate Parkway
PO Box 1997
Morristown, NJ 07962

Zhenyi Zhou

Porzio Bromberg & Newman
100 Southgate Pkwy
Morristown, NJ 07960
267-399-8457
Email: [email protected]

U.S. Trustee

U.S. Trustee

US Dept of Justice
Office of the US Trustee
One Newark Center Ste 2100
Newark, NJ 07102
(973) 645-3014

represented by
Lauren Bielskie

DOJ-Ust
One Newark Center
Suite 2100
Newark, NJ 07102
973-645-2939
Email: [email protected]

Samantha Lieb

DOJ-Ust
One Newark Center
Suite 2100
Newark, NJ 07102
202-604-2499
Email: [email protected]

Jeffrey M. Sponder

Office of U.S. Trustee
One Newark Center
Newark, NJ 07102
973-645-2379
Email: [email protected]

Creditor Committee

Official Committee of Unsecured Creditors
represented by
Julie A. Aberasturi

COLE SCHOTZ P.C.
1325 Avenue of the Americas
19th Floor
New York, NY 10019
2127528000
Fax : 2127528393
Email: [email protected]

Cole Schotz P.C.

25 Main Street
Court Paza North
Hackensack, NJ 07601
201-489-3000
Fax : 201-489-1536

Ryan T. Jareck

Cole Schotz P.C.
25 Main Street
Court Plaza North
Hackensack, NJ 07601
(201) 525-6278
Email: [email protected]

Michael A. Solimani

COLE SCHOTZ P.C.
1325 Avenue of the Americas
19th Floor
New York, NY 10019
2127528000
Fax : 2127528393
Email: [email protected]

Warren A. Usatine

Cole Schotz P.C.
25 Main Street
PO Box 800
Hackensack, NJ 07602-0800
(201) 489-3000
Email: [email protected]

Latest Dockets
Date Filed#Docket Text
03/11/2026428Docket Text
Certification Concerning Proposed Order (related document:412 Objection to / Plan Administrator's First Omnibus Objection to Claims Filed by Interest Holders in the Trust Created Pursuant to the Debtors Employee Stock Ownership Plan. filed by Ryan T. Jareck on behalf of Plan Administrator. (Jareck, Ryan)Modified on 2/18/2026 PER JUDGE POSLUSNY, DOCUMENT WILL BE SCHEDULED AS A MOTION (kvr). filed by Other Prof. Plan Administrator, 418 Response of Robert B. Drass To Plan Administrator's First Omnibus Objection (related document:412 Objection to / Plan Administrator's First Omnibus Objection to Claims Filed by Interest Holders in the Trust Created Pursuant to the Debtors Employee Stock Ownership Plan. filed by Ryan T. Jareck on behalf of Plan Administrator. (Jareck, Ryan)Modified on 2/18/2026 PER JUDGE POSLUSNY, DOCUMENT WILL BE SCHEDULED AS A MOTION (kvr). filed by Other Prof. Plan Administrator) filed by Robert B Drass. (kvr) filed by Creditor Robert B Drass). Filed by Ryan T. Jareck on behalf of Plan Administrator. (Jareck, Ryan) (Entered: 03/11/2026)
03/10/2026427Docket Text
ORDER GRANTING FIRST MONTHLY AND FINAL APPLICATION OF KROLL RESTRUCTURING ADMINISTRATION TO FLAGSHIP RESORT DEVELOPMENT CORPORATION, FOR AN ALLOWANCE OF COMPENSATION FOR PROFESSIONAL SERVICES RENDERED AND REIMBURSEMENT OF EXPENSESINCURRED FOR THE PERIOD OF JUNE 1, 2025 THROUGH DECEMBER 22, 2025 fees awarded: $53547.86, expenses awarded: $0.00 (Related Doc # 406). Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. See BNC Certificate of Notice. Signed on 3/10/2026. (kvr) (Entered: 03/11/2026)
03/10/2026426Docket Text
ORDER GRANTING FIRST MONTHLY AND FINAL APPLICATION OF EMERALD CAPITAL ADVISOR CORP. AS FINANCIAL ADVISOR TO FLAGSHIP RESORT DEVELOPMENT CORPORATION, FOR AN ALLOWANCE OF COMPENSATION FOR PROFESSIONAL SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES INCURRED FOR THE PERIOD OF MAY 10, 2025 THROUGH DECEMBER 22, 2025 fees awarded: $300,000.00, expenses awarded: $4601.40 (Related Doc # 405). Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. See BNC Certificate of Notice. Signed on 3/10/2026. (kvr) (Entered: 03/10/2026)
03/10/2026425Docket Text
ORDER APPROVING FINAL FEE APPLICATIONS OF CERTAIN RETAINED PROFESSIONALS ; Order Granting Application For Compensation for Cole Schotz P.C., fees awarded: $432317.50, expenses awarded: $1455.22 (Related Doc # 400). Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. See BNC Certificate of Notice., Granting Application For Compensation for Island Dundon LLC, fees awarded: $105110.00, expenses awarded: $0.00 (Related Doc # 401). Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. See BNC Certificate of Notice. Signed on 3/10/2026. (kvr) (Entered: 03/10/2026)
03/09/2026424Docket Text
Affidavit of Service filed by Kroll Restructuring Administration LLC (related document(s)420). (Pagan, Chanel) (Entered: 03/09/2026)
03/07/2026423Docket Text
BNC Certificate of Notice - Hearing. No. of Notices: 14. Notice Date 03/07/2026. (Admin.) (Entered: 03/08/2026)
03/06/2026422Docket Text
BNC Certificate of Notice - Order No. of Notices: 3. Notice Date 03/06/2026. (Admin.) (Entered: 03/07/2026)
03/05/2026Docket Text
Minute of 3/6/2026 Hearing Held, OUTCOME: Allowed as requested; Order will be signed (related document:406 Final Application for Compensation for Kroll Restructuring Administration LLC, Other Professional, period: 6/1/2025 to 12/22/2025, fee: $53547.86, expenses: $0.00. Filed by Kroll Restructuring Administration LLC. Hearing scheduled for 3/5/2026 at 02:00 PM, JNP - Courtroom 4C, Camden.. (Attachments: # 1 Exhibit A - Retention Order # 2 Exhibit B - Kroll Time Detail # 3 Verification # 4 Proposed Order) Filed by Other Prof. Kroll Restructuring Administration LLC) (cm) (Entered: 03/06/2026)
03/05/2026Docket Text
Minute of 3/6/2026 Hearing Held, OUTCOME: Allowed as requested; Order will be signed (related document:405 Final Application for Compensation for Emerald Capital Advisors Corp, Accountant, period: 5/10/2025 to 12/22/2025, fee: $300,000.00, expenses: $4,601.40. Filed by Emerald Capital Advisors Corp. Hearing scheduled for 3/5/2026 at 02:00 PM, JNP - Courtroom 4C, Camden.. (Attachments: # 1 Exhibit A - Time Detail # 2 Exhibit B - Expense Detail # 3 Exhibit C - Declaration of John P. Madden # 4 Proposed Order) Filed by Other Prof. Emerald Capital Advisors Corp) (cm) (Entered: 03/06/2026)
03/05/2026Docket Text
Minute of 3/6/2026 Hearing Held, OUTCOME: Allowed as requested; Order will be signed (related document:401 Final Application for Compensation for Island Dundon LLC, Other Professional, period: 6/3/2025 to 12/22/2025, fee: $105,110.00, expenses: $0.00. Filed by Island Dundon LLC.. Modified on 2/2/2026 HEARING SCHEDULED FOR 3/5/2026 AT 2:00 PM, JNP - COURTROOM 4C, CAMDEN. NO FORM OF ORDER FILED. NO CERTIFICATE OF SERVICE. DOCUMENTS ARE NOT SEPARATE PDFS (cm). Filed by Other Prof. Island Dundon LLC) (cm) (Entered: 03/06/2026)