Integrity Investment REO Holdings LLC is in a small, asset-focused chapter 11 with no reported postpetition cash activity, no disclosed financing or sale process, and a current posture centered on preserving tax-certificate and real-estate value while operating under newly approved debtor counsel. The case followed pressure from Byline Bank, which asserted an approximately $11.4 million senior secured claim as of the January 29, 2026 petition date, secured by virtually all business assets, including tax certificates purchased at public tax sales; Byline objected early that the debtor had not completed basic case administration, sought cash-collateral authority, or shown how it would manage certificates that Byline believed could expire and lose value on February 28, 2026 in the absence of action Byline objection to schedule-extension reliefDkt. 16.
The debtor’s February 24 schedules frame the estate as thinly liquid and litigation- and property-heavy: it reported $1.604 million of assets, including 12 Illinois real-property interests valued at about $1.47 million, $65,000 of aged receivables, $65,000 of causes of action, and no cash, with its Byline account closed before the filing Schedules A/B, G, and HDkt. 18. Its Statement of Financial Affairs showed no 2026 revenue through the filing date, negative 2025 gross revenue, pending litigation involving indemnity, civil-rights, and tax-buyer claims, and prepetition transfers including mortgage payoffs to Steven Rothman and a small Byline setoff Statement of Financial AffairsDkt. 19.
The case has not yet developed into a plan, sale, or DIP-driven restructuring on the available docket. Monthly operating reports for March and April reported no receipts, no disbursements, and no new postpetition debt, with the April report listing $13.38 million of prepetition secured debt and confirming no asset sales or insider payments during the month April Monthly Operating ReportDkt. 53. After several continuances of the debtor’s retention hearing, the court approved Ariel Weissberg and Weissberg and Khanna, Ltd. as counsel on May 13, 2026, giving the debtor its professional platform to prosecute whatever restructuring, litigation, or collateral-management path follows order approving counsel retentionDkt. 52.
