New Wave Property Service, LLC has filed for Chapter 11 bankruptcy proceedings. Case records show that the company’s liabilities exceed its assets by a huge margin. In addition, the landscaping and outdoor services company faces several unsecured creditors’ claims.
Note: A Chapter 11 bankruptcy filing is a legal process that allows a business to reorganize its debts, restructure obligations, and continue operating while working toward financial stability. Under Chapter 11, a debtor typically proposes a plan to repay creditors over time, subject to court approval. A Chapter 11 filing does not necessarily mean a business is closing or going out of business. For additional information, readers are encouraged to contact the business directly.
Overview of the Filing
New Wave Property Service, LLC voluntarily submitted its petition on September 15, 2026.
PACER records show that the company filed a summary of its assets and liabilities. According to the document, while the company’s liabilities were estimated at around $4.03 million, its assets were approximately $830,994. This suggests a financial gap facing the company.
The financial pressures were further indicated through the company’s creditors’ list with the largest unsecured claims. These claims were tied to disaster loans, credit card debt, litigation claims, utility services, trade debt, and other areas.
About the Company
New Wave Property Service, LLC is a landscaping company serving residential and commercial properties in central Indiana and the Indianapolis area. Its services include ongoing property maintenance and outdoor improvement projects. These include lawn care, tree and shrub services, irrigation solutions, landscaping, snow removal, and patio installations.
According to its website, the company has operated as a family-owned business since 2000. Service areas include Indianapolis, Zionsville, Carmel, Fishers, Westfield, McCordsville, Noblesville, Evansville, and Lafayette.
Case Related Details
The unsecured creditors, as listed in the petition, include U.S. Small Business Administration, Automatic Irrigation Supply, Chase Ink, ERC Specialists, Abrams Nursery & Landscaping, Sunbell Rentals Inc., and others.
Filing records indicate that funds will be available for distribution to the unsecured creditors.
The records also show that Jeremy Ryan, the company’s president, signed the petition before it was filed.
Attorney KC Cohen of law firm KC Cohen, Lawyer, PC, is representing the company in the court.
A summary of the Chapter 11 petition is shared here:
- Filing Date: September 15, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Southern District of Indiana
- Type of Filing: Active, Voluntary Petition
- Chapter: 11
- Case Number: 26-05984-JMC-11
- Estimated Assets: Between $500,001 and $1 million
- Estimated Liabilities: Between $1,000,001 and $10 million
- Estimated Creditors: Between 50 and 99
Previous Filings by Similar Companies
New Wave Property Service, LLC is among other landscaping and outdoor services companies to file for Chapter 11 in 2026.
Ameri-Pride Pest Control Services, Inc. submitted its petition on August 21, 2026. Case records showed that the company faced a financial imbalance along with unsecured claims. Doing business as Prime-Scape Services, the company provides landscaping services to commercial and residential properties.
A paving contractor with around 8 years of experience sought Chapter 11 protection on June 11, 2026. Court filings showed that the Florida company listed under millions in debt. Its services include installing and restoring paver driveways, pool decks, patios, and other exterior hardscape features.
The Chapter 11 filing allows New Wave Property Service, LLC to pursue a reorganization of its debts as the case proceeds through bankruptcy court.
