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Wednesday, June 10, 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
D. Del.6/10/2020Maines Funding Corporation20-11501Laura Davis Jones$0 - $50k$50M - $100M
D. Del.6/10/2020Maines Paper & Food Service - NY Metro, Inc.20-11509Laura Davis Jones$0 - $50k$50M - $100M
D. Del.6/10/2020Maines Paper & Food Service - Chicago, Inc.20-11503Laura Davis Jones$0 - $50k$50M - $100M
D. Del.6/10/2020Maines Paper & Food Service - Dallas, Inc.20-11504Laura Davis Jones$0 - $50k$50M - $100M
D. Del.6/10/2020Maines Paper & Food Service - Great Lakes, Inc.20-11505Laura Davis Jones$0 - $50k$50M - $100M
D. Del.6/10/2020Maines Paper & Food Service - Maryland, Inc.20-11506Laura Davis Jones$0 - $50k$10M - $50M
D. Del.6/10/2020Maines Paper & Food Service - Mid-Atlantic, Inc.20-11507Laura Davis Jones$0 - $50k$10M - $50M
D. Del.6/10/2020Maines Paper & Food Service - New England, Inc.20-11508Laura Davis Jones$0 - $50k$50M - $100M
D. Del.6/10/2020Maines Paper & Food Service - Ohio, Inc.20-11510Laura Davis Jones$0 - $50k$50M - $100M
D. Del.6/10/2020Maines Paper & Food Service - Tennessee, Inc.20-11511Laura Davis Jones$0 - $50k$50M - $100M
D. Del.6/10/2020Maines Paper & Food Service - Worcester, Inc.20-11512Laura Davis Jones$0 - $50k$50M - $100M
D. Del.6/10/2020Maines Paper & Food Service, Inc.20-11502Laura Davis Jones$1M - $10M$100M - $500M
D. Del.6/10/2020Warehouse & Logistics, Inc.20-11513Laura Davis Jones$0 - $50k$50M - $100M
S.D.N.Y.6/9/2020Kisco Health & Fitness Inc20-22732Nathan Horowitz$0 - $50k$100k - $500k
C.D. Cal.6/9/2020Ancellotta LLC20-50872Vinod Nichani$100k - $500k$100k - $500k
N.D. Ill.6/9/2020Monaco International, LLC20-12138Paul M. Bach$100k - $500k$100k - $500k
N.D. Ill.6/9/2020Rainier International, LLC20-12137Paul M. Bach$100k - $500k$100k - $500k
N.D. Ill.6/9/2020Rainier Properties International, Inc.20-12136Paul M. Bach$1M - $10M$1M - $10M
S.D. Tex.6/9/2020Fall Creek Plaza, I, LP20-32989Dean W. Greer$10M - $50M$10M - $50M
N.D. Tex.6/9/2020Vista Proppants and Logistics, LLC20-42002Stephen M. Pezanosky$0 - $50k$100M - $500M

View All Filings
Featured Article


Pre-Bankruptcy Retention Bonuses - At Hertz, Penney, Libbey, Others - Are Rampant

Hertz, JC Penney JCP, Libbey, Borden, Chuck E. Cheese: All of these well-known American companies have two things in common. They all have filed or are expected to file for bankruptcy and they all paid out generous bonuses to some of their executives, usually right before they filed.

The disparity in pay scales between C-level officers and rank-and-file workers in American business has perhaps never been as wide as it now. Nor has it ever been more contentious an issue as it is now.

With government bail-outs and loans going to many American corporations at the same time they were laying off or furloughing hundreds of thousands of workers, providing six and seven-figure payouts to senior managers has risen to near the top of arguments that big business has gone too far.

Read the full article

Forbes by Warren Shoulberg. Published June 9, 2020.

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