ESSAYS & CRITIQUES

brooklyn mirage Nina Katashvili brooklyn mirage Nina Katashvili

Brooklyn Mirage Bankruptcy: When the Trustee Gets Paid First

"The Liquidating Trustee's fixed fee doesn't just tick up—it jumps from a token $3,000 a month to a $15,000 monthly retainer, on top of hourly billing and contingent upside tied to new recoveries. According to the confirmed plan filed at Docket 575, Joshua Nahas of Dundon Advisers LLC becomes the single most powerful actor in Brooklyn Mirage's estate afterlife—paid first, indemnified heavily, and armed with broad discretion over which claims to pursue or drop."

From Avant Gardner's bankruptcy documents, the math looks brutal: every month the case drags on, $15K comes off the top before vendors, contractors, or artists see a dime. Unmixd has reached out to Gary Richards, CEO and public face of Brooklyn Mirage, for comment on what this means for unsecured creditors still waiting. No response by press time.

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