Baal Perazim Wellness, Inc. has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Illinois. Court records show that the Chicago-based company faces several unsecured creditor 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.
Baal Perazim Wellness, Inc. Files for Bankruptcy
Court records, as available on PACER, show that the company submitted its petition on September 30. Dr. Maurice A. Brownlee, the company’s CEO, who is also its authorized representative in the bankruptcy, signed the petition before it was filed.
Attorney William J. Factor of The Law Office of William J. Factor, Ltd is representing the company in court.
About the Company
Baal Perazim Wellness began in 2014 and opened Baal Perazim Wellness, Inc. in Chicago in November 2018. Over the years, it grew its operations across Illinois, with the services currently provided through four locations.
The company’s website shows that it uses a community-based care model. In addition, it offers accessible appointments for patients seeking medical and behavioral health services.
Highlights from the Petition
Court records show that Baal Perazim Wellness, Inc. submitted a list of creditors with the largest unsecured claims. Out of them, Change Healthcare has alone made an unsecured claim of approximately $2.2 million. A few other names on the list include BCBS of IL, Experian Health, Comcast, The Hartford, and Trustifi.
Filing records indicate that funds will be available for distribution to the unsecured creditors.
The company also submitted a list of equity security holders, which shows that Brownlee is the sole owner of Baal Perazim Wellness, Inc.
The case records add that two affiliated entities, as shown on Pacermonitor, also have Chapter 11 cases pending in the court:
A summary of Baal Perazim Wellness, Inc.’s Chapter 11 petition is shared here:
- Filing Date: September 30
- Court and Jurisdiction: U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division
- Type of Filing: Active, Voluntary Petition
- Chapter: 11
- Case Number: 26-16260
- Estimated Assets: Between $1,000,001 and $10 million
- Estimated Liabilities: Between $1,000,001 and $10 million
- Estimated Creditors: Between 50 and 99
While the bankruptcy proceedings continue in court, regular operations of Baal Perazim Wellness, Inc. are expected to continue as usual.
