Veria Lifestyle Inc. has voluntarily initiated a bankruptcy filing in the U.S. Bankruptcy Court for the District of New Jersey. Court records have not specified the reasons that could have led to the filing. The company currently provides a range of services as a health-focused resort in Monticello, New York.
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.
Veria Lifestyle Inc. Files for Chapter 11
Court records on PACER show that the company submitted its petition on October 2. Company CEO Harish Goyal signed the petition.
The records add that attorney Vincent Roldan of Mandelbaum Barrett PC is representing the company in court.
About the Company
The Monticello, New York-based company operates as a health and wellness resort in the Catskills Mountains. It offers wellness-focused experiences that include Ayurveda, Naturopathy, Yoga, Acupuncture, meditation, fitness activities, and vegetarian cuisine. The official website shows that it is situated on more than 1,300 acres and features 131 guest rooms and suites.
The luxury resort also offers wellness facilities, including a 68,000-square-foot wellness spa and fitness center. Other offerings include nature trails, meetings and events, chef-prepared vegetarian meals, and yoga activities. The website describes the experience as focused on helping guests with their health, nutrition, fitness, and lifestyle.
Highlights from the Petition
Court records show that Veria Lifestyle Inc.’s sole stockholder and sole member of its board approved the company’s decision to file for Chapter 11. The written consent states that the filing was considered to be in the best interests of the company, its creditors, stakeholders, and other parties involved.
Filing records note Veria Lifestyle Capital LLC as the company’s sole stockholder, holding 100% of its equity. Shyam Mehrotra is listed as the director of finance in the records.
A summary of the Chapter 11 petition is shared here:
- Filing Date: October 2
- Court and Jurisdiction: U.S. Bankruptcy Court for the District of New Jersey
- Type of Filing: Active, Voluntary Petition
- Chapter: 11
- Case Number: 26-21232-CMG
- Estimated Assets: Between $10,000,001 and $50 million
- Estimated Liabilities: Between $50,000,001 and $100 million
- Estimated Creditors: 1-49
As the case moves ahead, Veria Lifestyle Inc. is expected to readjust its finances under court supervision.
