(Bloomberg) — Creditors of Chinese developer Xinyuan Real Estate Co Ltd. are seeking to force the company into bankruptcy protection in New York in order to collect on bonds that were due last year, according to a court filing. The bondholders — Cithara Global Multi-Strategy, Mars Partner Limited and Star Freight & Trading Co. — are owed $65.8 million, the creditors said in an involuntary Chapter 11 petition filed Monday evening. Xinyuan is among the many Chinese developers rocked by financial turmoil in recent years. In 2022 the company missed an interest payment and later failed to pay off $170 million in bonds that came due in January, 2024, according to the bankruptcy filing. It did a dollar debt exchange in June 2023 and hired Alvarez and Marsal as its restructuring adviser. The company has assets in the US that could be used to help repay the bonds, creditors said in their filings. Last year, Xinyuan put a real estate subsidiary named Hudson 888 Owner into bankruptcy, saying it owed creditors between $100 million and $500 million. Under the US Bankruptcy Code, creditors can ask a judge to put a company under court supervision should the firm fail to pay its debts on time. The company can then either fight the petition, or accept the bankruptcy and attempt to restructure. A representative of the company did not immediately return an email seeking comment. The bankruptcy case is Xinyuan Real Estate Co. Ltd, 25-10745, US Bankruptcy Court, Southern District of New York. More stories like this are available on bloomberg.com ©2025 Bloomberg L.P. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Creditors are trying to compel the Chinese construction company Xinyuan to file for bankruptcy.
