San Antonio, August 21, 2025
News Summary
Texas real estate investor Ali Choudhri has filed Chapter 11 bankruptcies for two companies, Meandering Bend LLC and Memorial Glen Cove LLC, in San Antonio. The filings disclose assets and liabilities ranging from $1 million to $10 million each and raise questions about venue choice, as a bankruptcy hearing is set to determine if the cases should remain in San Antonio or move to Austin. Choudhri faces ongoing legal challenges involving additional companies amid ongoing disputes over his real estate holdings.
San Antonio
Texas real estate investor and developer Ali Choudhri has filed Chapter 11 bankruptcy petitions for two companies — Meandering Bend LLC and Memorial Glen Cove LLC — in the U.S. Bankruptcy Court located at the Hipolito F. Garcia Federal Building and U.S. Courthouse at 615 E. Houston St. The filings list combined assets and liabilities in the range of $1 million to $10 million for each company and give little detail about holdings or reasons for the bankruptcies. A bankruptcy hearing is scheduled for Aug. 27 to consider whether the cases should remain in San Antonio or be moved to Austin.
Key developments and immediate context
The Chapter 11 petitions were filed amid a broader set of legal actions involving Choudhri. A court-appointed receiver in ongoing litigation over Houston office space has sought to sell assets tied to Meandering Bend and Memorial Glen Cove. The receiver has also sought sanctions against Choudhri for failing to turn over required documents, a failure that can lead to criminal contempt proceedings. Choudhri has disputed the receiver’s appointment and jurisdictional authority and has signaled plans to appeal to the 14th Court of Appeals in Houston while facing compliance deadlines.
The choice to file the two Chapter 11 cases in San Antonio has drawn judicial attention. U.S. Bankruptcy Judge Michael Parker said he does not have clarity on the reasons for choosing San Antonio for companies previously associated with Austin addresses and has set the Aug. 27 hearing to evaluate whether venue should be changed. A separate Chapter 11 petition for another Choudhri-linked company, Dalio Holdings LLC, was filed in Austin only days earlier despite a Houston address for that company.
Reported assets, properties and disputes
The filings for Meandering Bend LLC and Memorial Glen Cove LLC list assets and liabilities in the $1 million to $10 million range but do not furnish itemized assets or a narrative explaining the financial distress. Court records and related filings identify specific real estate connected to the two companies:
- Meandering Bend LLC (also known as Austin Monumental Arts): Owns a roughly 4,000-square-foot vacant building at 1011 E. 16th St. in Austin. The property was appraised at just over $600,000 and carries a mortgage of about $441,000. A receiver has moved to sell assets tied to this company.
- Memorial Glen Cove LLC: Owns four vacant lots plus a residence at 207 Malone St. in Houston. The residence has been described in filings as uninhabitable, and the company is reported to have approximately $2 million in equity. Choudhri amended the company’s bankruptcy petition to change its principal business address from Austin to Kerrville.
Related litigation and bankruptcy matters involving Choudhri include a civil contempt jail stay in April tied to a bankruptcy case involving Jetall Cos., ongoing disputes over office property in Houston, referral to the United States Attorney for alleged bankruptcy-related fraud tied to a West Loop South office building, and a recent federal case alleging fraudulent conduct that resulted in damages exceeding $15 million from a construction lender. A recent Chapter 11 filing for Galleria 2425 Owner, connected to a loan default with the National Bank of Kuwait, lists estimated assets between $10 million and $50 million and liabilities between $50 million and $100 million.
Why venue and related filings matter
Venue decisions can affect which court will oversee disputes, asset sales, and creditor claims. Judges will examine connections between the companies, the locations of properties and creditors, and where litigation and receivership actions are properly brought. The August hearing will focus on whether San Antonio is the appropriate forum for Meandering Bend and Memorial Glen Cove or whether the cases belong in Austin.
Next steps and immediate deadlines
- Aug. 27 — U.S. Bankruptcy Court hearing to evaluate potential transfer of venue for Meandering Bend LLC and Memorial Glen Cove LLC.
- Receiver actions — Receiver has sought to sell assets and has filed motions for sanctions related to document production; those proceedings remain active in Houston courts.
- Appeals and compliance — Choudhri has challenged the receiver’s appointment and indicated plans to appeal to the 14th Court of Appeals in Houston while court-imposed compliance deadlines remain in effect.
Background on Choudhri’s holdings and claims
Choudhri has publicly claimed acquisition of more than $1.2 billion in real estate assets and has touted construction of what he described as the tallest single-family house in Texas. Those claims sit alongside multiple state and federal cases across Harris, Travis and other Texas counties and courts, including Houston appeals courts and the Texas Supreme Court. The variety and geographic spread of the cases have created jurisdictional disputes and multiple, overlapping bankruptcy and receivership proceedings.
Key facts at a glance
| Item | Detail |
|---|---|
| Companies filing Chapter 11 | Meandering Bend LLC; Memorial Glen Cove LLC |
| Court | U.S. Bankruptcy Court, Hipolito F. Garcia Federal Building, 615 E. Houston St., San Antonio |
| Reported asset/liability range | $1 million to $10 million (each) |
| Scheduled hearing | Aug. 27 to consider transfer of venue |
| Related filings | Dalio Holdings LLC filed in Austin days earlier; Galleria 2425 Owner recent Chapter 11 linked to bank loan default |
| Receiver actions | Receiver sought to sell assets; requested sanctions for failure to produce documents |
Timeline of notable events
| Date / Time | Event | Status / Source |
|---|---|---|
| April | Civil contempt jail stay related to Jetall Cos. bankruptcy | Choudhri jailed for a few days; related to bankruptcy enforcement |
| Days before San Antonio filings | Dalio Holdings LLC Chapter 11 filed in Austin | Reported assets nearly $20 million; significant debt ~ $3.5 million tied to a disputed arbitration agreement |
| Recent | Galleria 2425 Owner Chapter 11 filed | Estimated assets $10–50M; liabilities $50–100M; tied to loan default with National Bank of Kuwait |
| Before Aug. 27 | Receiver seeks to sell Meandering Bend and Memorial Glen Cove assets; requests sanctions | Active litigation in Houston; jurisdictional challenges pending |
| Aug. 27 | Bankruptcy court hearing to consider venue transfer for San Antonio cases | Judge Michael Parker scheduled hearing |
Simple visual comparison of reported asset and liability figures
Note: Visual bars below use midpoints where only ranges were reported for illustrative comparison.
Frequently Asked Questions
Which companies filed Chapter 11 in San Antonio?
The companies that filed Chapter 11 petitions in San Antonio are Meandering Bend LLC and Memorial Glen Cove LLC.
Where were the filings made?
The petitions were filed in the U.S. Bankruptcy Court at the Hipolito F. Garcia Federal Building and U.S. Courthouse, 615 E. Houston St., San Antonio.
What assets and liabilities were reported?
Each filing indicated assets and liabilities in the range of $1 million to $10 million but did not provide detailed lists of holdings or explanations for the bankruptcy filings.
Why were the cases filed in San Antonio when companies had Austin addresses?
The reasons for filing in San Antonio are not clear in court records. U.S. Bankruptcy Judge Michael Parker scheduled a hearing for Aug. 27 to determine whether the cases should be moved to Austin.
Are there related bankruptcy or legal cases involving Ali Choudhri?
Yes. Dalio Holdings LLC filed a Chapter 11 case in Austin days before the San Antonio filings. There are additional cases including a recent Galleria 2425 Owner Chapter 11 and multiple state and federal lawsuits and receivership actions across Texas.
What properties are tied to the San Antonio filings?
Meandering Bend (Austin Monumental Arts) owns a roughly 4,000-square-foot vacant building at 1011 E. 16th St. appraised at just over $600,000 with a $441,000 mortgage. Memorial Glen Cove owns four vacant lots and a residence at 207 Malone St. in Houston described as uninhabitable and reported to have about $2 million in equity.
What court actions are pending next?
A bankruptcy court hearing is scheduled for Aug. 27 to consider whether the San Antonio cases should remain there or be transferred to Austin. Receiver motions, sanctions requests, appeals and other compliance deadlines are also pending in related state and federal dockets.
Deeper Dive: News & Info About This Topic
HERE Resources
Additional Resources
- The Statesman: Austin Real Estate Developer Ali Choudhri
- Wikipedia: Ali Choudhri
- The Real Deal: Houston Office Investor Ali Choudhri Jailed in Bankruptcy Case
- Google Search: Ali Choudhri
- The Real Deal: Judge Calls Houston’s Ali Choudhri Forger And A Liar
- Google Scholar: Ali Choudhri
- The Real Deal: Ali Choudhri Defaults On $18M Houston Office Loan
- Encyclopedia Britannica: Ali Choudhri
- The Real Deal: Commercial Property Linked to Ali Choudhri Files for Bankruptcy
- Google News: Ali Choudhri
Author: STAFF HERE SAN ANTONIO WRITER
The SAN ANTONIO STAFF WRITER represents the experienced team at HERESanAntonio.com, your go-to source for actionable local news and information in San Antonio, Bexar County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Fiesta San Antonio, San Antonio Stock Show & Rodeo, and Dia de los Muertos. Our coverage extends to key organizations like the Greater San Antonio Chamber of Commerce and United Way of San Antonio and Bexar County, plus leading businesses in retail, insurance, and energy that power the local economy such as H-E-B, USAA, and Valero Energy. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREDallas.com, and HEREHouston.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
