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Bankruptcy Filing Halts Metairie Towers Auction

The filing lists $10 million to $50 million in assets and liabilities as developer Darren Aschaffenburg seeks time to secure a buyer.

Summary by WWL
Late Tuesday, the developer placed the ownership entity into Chapter 11 bankruptcy protection, putting the auction on hold.

2 Articles

WWLWWL
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Bankruptcy filing halts Metairie Towers auction

Late Tuesday, the developer placed the ownership entity into Chapter 11 bankruptcy protection, putting the auction on hold.

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NolaNola
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Metairie Towers owner files for bankruptcy protection ahead of sheriff's sale

The sheriff's sale for Metairie Towers was set for Wednesday, after the property was seized in February by its lender.

·New Orleans, United States
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Nola broke the news in New Orleans, United States on Wednesday, May 6, 2026.
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