Creditors seek Chapter 7 bankruptcy for Lurin Capital founder over $33.7 million

  • Three lenders filed involuntary Chapter 7 bankruptcy against Jon Venetos.
  • $33.7 million in personal judgments is cited in the bankruptcy petition.
  • Lurin Capital remains in Chapter 11 with 20 related bankruptcy filings.

Vista Bank, NexPoint Real Estate Finance and Silver Point Finance have filed involuntary Chapter 7 bankruptcy (asset liquidation proceedings) against Lurin Capital founder Jon Venetos, citing $33.7 million in personal judgments. The claims stem from loans tied to Lurin’s Sun Belt apartment portfolio and Venetos’ personal guaranties, while a separate $19 million judgment is owed to Acore Capital Mortgage. The FBI has opened an investigation into Lurin Capital’s collapse. Lurin remains in Chapter 11 bankruptcy (business reorganization) through 20 filings involving single-asset entities and Lurin Advisors, but a trustee is seeking conversion to Chapter 7 or dismissal after the company failed to file an operating report since April.

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