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Thursday, May 7, 2020

Welcome to the Bankruptcy
Today Newsletter.

Your daily access to recent significant Chapter 11 case filings, relevant restructuring news and samples of some of our current distressed company profiles.

Featured Recent Filings


CourtFiledDebtorCase NoAttorneyAssetsLiabilities
S.D. Tex.5/7/2020Neiman Marcus Group LTD LLC20-32519Matthew D. Cavenaugh> $1B> $1B
D. Del.5/6/2020DMP Exports, Inc.20-11056Jeffrey M. Schlerf$100M - $500M$100M - $500M
D. Del.5/6/2020DMP International Holdings, LLC20-11054Jeffrey M. Schlerf$100M - $500M$100M - $500M
D. Del.5/6/2020DMP Monterrey Holdings LLC20-11052Jeffrey M. Schlerf$100M - $500M$100M - $500M
D. Del.5/6/2020John Varvatos Apparel Corp.20-11045Derek C. Abbott$1M - $10M$1M - $10M
D. Del.5/6/2020John Varvatos Apparel Corp.20-11045Derek C. Abbott$1M - $10M$1M - $10M
D. Del.5/6/2020John Varvatos Enterprises, Inc.20-11043Derek C. Abbott$10M - $50M$100M - $500M
D. Del.5/6/2020John Varvatos Enterprises, Inc.20-11043Derek C. Abbott$10M - $50M$100M - $500M
D. Del.5/6/2020Lion/Hendrix Corporation20-11044Derek C. Abbott$10M - $50M$0 - $50k
D. Del.5/6/2020Lion/Hendrix Corporation20-11044Derek C. Abbott$10M - $50M$0 - $50k
D. Del.5/6/2020Nyloncraft of Michigan, LLC20-11055Jeffrey M. Schlerf$100M - $500M$100M - $500M
D. Del.5/6/2020Nyloncraft, Inc.20-11051Jeffrey M. Schlerf$100M - $500M$100M - $500M
D. Del.5/6/2020Techniplas Finance Corp.20-11050Jeffrey M. Schlerf$100M - $500M$100M - $500M
D. Del.5/6/2020Techniplas, LLC20-11049Jeffrey M. Schlerf$100M - $500M$100M - $500M
D. Del.5/6/2020WEIDPLAS North America, LLC20-11053Jeffrey M. Schlerf$100M - $500M$100M - $500M
N.D. Cal.5/6/2020Galileo Learning Franchising LLC20-40858Neal L. Wolf$1M - $10M$0 - $50k
N.D. Cal.5/6/2020Galileo Learning LLC20-40857Neal L. Wolf$10M - $50M$10M - $50M
N.D. Tex.5/6/2020Intention, LLC20-41671Russell W. King$500k - $1M$500k - $1M
S.D. Tex.5/6/2020Victerra Energy Holding Co., LLC20-32487Matthew S. Okin$10M - $50M$10M - $50M
S.D. Tex.5/6/2020Victerra Energy Interests, LLC20-32488Matthew S. Okin$10M - $50M$10M - $50M
Featured Article


J.Crew has filed for bankruptcy

New York (CNN Business)J.Crew Group, which operates the J.Crew and Madewell brands, has become the first national US retailer to file for bankruptcy protection since the coronavirus pandemic forced a wave of store closures.

The clothing retailer said Monday that it has filed to begin Chapter 11 proceedings in federal bankruptcy court in the Eastern District of Virginia. The company also said it had reached a deal with its lenders to convert about $1.65 billion of debt into equity.

The retailer expects to stay in business and emerge from bankruptcy as a profitable company. Madewell, the fast-growing denim brand that had been slated for an IPO, will remain part of the business.

Read the full article

CNN Business by Chris Isidore and Nathan Meyersohn. Published May 4, 2020.

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