Bankruptcy: KAANAPALI LAND LLC

Form Type: 10-K

Filing Date: 2025-03-24

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000089262625000011

Filing Summary: Kaanapali Land, LLC is the reorganized entity resulting from the Joint Plan of Reorganization of Amfac Hawaii, LLC and its subsidiaries under Chapter 11 of the Bankruptcy Code, confirmed in 2002. The bankruptcy proceedings were closed in 2005. The company operates in property and agriculture segments, facing challenges due to a recent wildfire in Lahaina that impacted their Pioneer Mill Site and disrupted operations for their coffee mill. The company has received insurance payments to cover some losses but is uncertain about full recovery. The Kaanapali 2020 Development Plan includes plans for residential and commercial developments, but entitlements are challenging to obtain due to regulatory hurdles and community opposition. The recent wildfires have further complicated these efforts, and the company continues to seek community support for development plans. The company is also involved in legal disputes concerning its property development agreements.

Document Link: View Document