Great Value Storage files bankruptcy with over $50 million in debt

By Sarah Lizee

Olympia, Wash., April 14 – GVS Portfolio I B, LLC, which does business as Great Value Storage, filed Chapter 11 bankruptcy on Monday in the U.S. Bankruptcy Court for the District of Delaware.

In its petition, the company listed $100 million to $500 million in assets and $50 million to $100 million in liabilities.

No creditors were listed with unsecured claims of $1 million or more.

The company is being represented by Bayard, PA.

No other information was available as of Wednesday morning.

The Austin, Tex.-based storage chain filed bankruptcy under Chapter 11 case number 21-10690.

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