Amsterdam House is in post-confirmation liquidation: the plan was confirmed on May 13, 2025, became effective on June 30, 2025, and the case remains open while Liquidating Trustee Howard M. Ehrenberg administers remaining distributions and targets a final decree by December 31, 2026, as reported in the Post-Confirmation Report for the quarter ended March 31, 2026Dkt. 1145.
The debtor first filed chapter 11 on June 14, 2021, after its continuing-care retirement community business at The Amsterdam at Harborside became unable to service its 2014 bond debt and resident entrance-fee refund obligations. The first-day declaration described more than $207.8 million of unpaid bond principal, about $6.5 million of accrued interest, approximately $20.3 million of entrance-fee refunds owed to 33 residents, and a capital structure anchored by Nassau County IDA Series 2014 bonds secured by substantially all real and personal property and operating revenues, with UMB Bank, N.A. as trustee under the bond debt Davis First Day DeclarationDkt. 2. The same declaration tied the filing to operational and liquidity pressure worsened by COVID-19 and described an initial restructuring framework supported by holders of roughly 73% of the Series 2014 bonds, including new bond financing and a contribution from the debtor’s corporate member.
The current docket posture reflects a completed restructuring path rather than an operating turnaround. The post-confirmation report shows $170,952 of cash disbursements during the March 31, 2026 quarter and $15.2 million of cumulative disbursements since the effective date; administrative claims had been paid in full, general unsecured claims had received about $4.9 million against $42.2 million of anticipated payments, and secured claims showed no cumulative payment against $152 million of allowed claims . The near-term case marker is administrative: continued plan administration through 2026, with the trustee anticipating a final-decree application by December 31, 2026.
