Rye, NY-based Rye Marble Inc. has filed for Chapter 11 bankruptcy protection. The company manufactures a range of marble and stone products for architectural and commercial projects.
Through Chapter 11 proceedings, the company is now seeking to readjust its finances. Operations are expected to continue as normal under the guidance of the court.
Rye Marble Inc. Enters Bankruptcy
The company made its Chapter 11 filing under Subchapter V after qualifying for the requirements for a small business debtor. This provision allows businesses to complete their bankruptcy processes in a quicker and cost-effective manner as compared to regular cases.
The company submitted its petition on May 11, 2026. According to the filings on PACER, the company currently operates as RMI Surfaces.
Attorney Anne Penachio, Esq of Penachio Malara LLP is the legal counsel in the case. Case filings add that company president Alexander DiPietro signed the petition before it was submitted.
Filings Made So Far
Rye Marble Inc. has filed several documents in the U.S. Bankruptcy Court for the Southern District of New York. This included a list of creditors with the 20 largest unsecured claims, including Altus Receivables Management, Hanmi Bank, and Radius Global Solutions LLC.
Court filings indicate that funds will be available for distribution to the unsecured creditors.
According to the petition, while the assets of the manufacturing company are more than $11 million, its liabilities are around $2.3 million.
Other filings included a statement of financial affairs and a list of equity security holders.
A summary of the Chapter 11 petition is shared here:
- Filing Date: May 11, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Southern District of New York
- Type of Filing: Active, Voluntary Petition
- Chapter: 11, Subchapter V
- Case Number: 26-22478-kyp
- Estimated Assets: Between $10,000,001 – $50 million
- Estimated Liabilities: Between $1,000,001 – $10 million
- Estimated Creditors: Between 1 and 49
- Reason for Filing: Restructure business under court supervision
About the Company
As a fourth-generation manufacturer and fabricator of marble and stone products, the company has been serving a range of residential, commercial, and architectural clients. Rye Marble Inc. transitioned into the current business after originally starting as a monument company in the 1920s.
The Rye, NY-based company provides diverse products, such as countertops, flooring, wall cladding, fireplaces, and custom stone surfaces, as per its website.
The latest filing is a notable point in the decades-old company’s operations while it works towards readjusting its finances. Court proceedings in the upcoming days could offer critical details regarding its reorganization and future operations.
