A Los Angeles-based live event promotion and concert production company has filed for bankruptcy under Chapter 11 in the U.S. Bankruptcy Court for the Central District of California.
Bobby Dee Presents Inc. has submitted a voluntary bankruptcy petition to reorganize its debts under the court’s supervision. The bankruptcy was filed on April 10, 2026.
The company is known for producing and promoting live entertainment events in hip-hop and R&B. Recently, it has managed The Hideout Bar and organized national concert tours, such as the 13th Annual Art of Rap tour.
The company’s principal place is 9550 Bell Ranch Drive in Santa Fe Springs, California, as stated in the filing.
- Type of filing: Voluntary Chapter 11 petition
- Industry: Live Event Promotion and Concert Production
- Case Number: 2:26-bk-13477-NB
- Court: Central District of California
- Estimated Liabilities: Between $1 million and $10 million
- Estimated creditors: Between 1 and 49
The corporation is led by CEO Robert Drieslein. It being represented by Goldbach Law Group.
According to Official Form 207, the company’s statement of financial affairs shows declining revenue. The company generated $33,011,144 in the financial year 2024, $21,249,634 in 2025, and $1,271,331 in 2026, according to PACER.
The corporation is also involved in legal proceedings, which are pending with the Supreme Court of the State of New York.
In addition, there is active litigation involving the Hideout Bar.
In the filing, the company states that it has 100% ownership of several businesses, including Goodfellas Pizzeria BDP LLC, Norwalk Taco Factory, and La Rosa. The company has also operated The Hideout Bar and Goodfellas Pizzeria II, which are reported as closed in the filing.
The corporation’s secured and unsecured claims account for nearly $2 million. The unsecured claims include BridgeCap Financial, Kingdom Kapital, Pawn Funding FL LLC, Launch Funding Group LLC, and others.
Secured creditors include FFB Bank and had a claim of about $5 million. The company has noted that funds will be available for distribution to unsecured creditors.
The company’s furniture and equipment are worth around $20,000, as per the filing. In addition, the company owns a 2019 Bentley valued at around $68,000. The company is known for co-producing major events, including the Once Upon a Time in LA festival.
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‘ Some details of this article were extracted from the following source www.edhat.com ’
