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Friday, June 12, 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
C.D. Cal.6/11/20204433 Florin Road, LLC20-11047Douglas M. Neistat$1M - $10M$1M - $10M
C.D. Cal.6/11/20207171 Bowling Drive, LLC20-11048Douglas M. Neistat$1M - $10M$1M - $10M
C.D. Cal.6/11/2020Tiara Townhomes LLC20-11683Matthew W. Grimshaw$1M - $10M$1M - $10M
N.D. Tex.6/11/2020Jack County Hospital District20-42012J. Robert Forshey$10M - $50M$10M - $50M
E.D. Tex.6/11/2020The Perfectly Green Corp.20-41349Robert T DeMarco$500k - $1M$100k - $500k
E.D. Tex.6/11/2020The Perfectly Green Corp.20-41349Robert T DeMarco$500k - $1M$100k - $500k
M.D. Fla.6/11/2020Foundations Learning Center of St. Johns County, LLC20-01807Felecia L. Walker$50k - $100k$100k - $500k
M.D. Fla.6/11/2020QAMM PROPERTIES INC.20-04514Michael P. Brundage$1M - $10M$1M - $10M
D. Nev.6/11/2020BEACHHEAD ROOFING & SUPPLY, INC.20-12815Brett A. Axelrod$0 - $50k$10M - $50M
D. Nev.6/11/2020CALIFORNIA EQUIPMENT LEASING ASSOCIATION, INC.20-12816Brett A. Axelrod$10M - $50M$10M - $50M
D. Nev.6/11/2020FENCES 4 AMERICA, INC.20-12818Brett A. Axelrod$0 - $50k$10M - $50M
D. Nev.6/11/2020JAMES PETERSEN INDUSTRIES, INC.20-12819Brett A. Axelrod$0 - $50k$0 - $50k
D. Nev.6/11/2020PD SOLAR, INC.20-12820Brett A. Axelrod$10M - $50M$10M - $50M
D. Nev.6/11/2020PETERSEN ROOFING AND SOLAR LLC20-12822Brett A. Axelrod$0 - $50k$10M - $50M
D. Nev.6/11/2020PETERSENDEAN HAWAII LLC20-12823Brett A. Axelrod$0 - $50k$10M - $50M
D. Nev.6/11/2020PETERSENDEAN ROOFING AND SOLAR SYSTEMS, INC.20-12824Brett A. Axelrod$10M - $50M$10M - $50M
D. Nev.6/11/2020PETERSENDEAN TEXAS, INC.20-12825Brett A. Axelrod$10M - $50M$10M - $50M
D. Nev.6/11/2020PETERSEN-DEAN, INC.20-12821Brett A. Axelrod$10M - $50M$10M - $50M
D. Nev.6/11/2020RED ROSE, INC.20-12814Brett A. Axelrod$10M - $50M$10M - $50M
D. Nev.6/11/2020ROOFS 4 AMERICA, INC.20-12826Brett A. Axelrod$0 - $50k$10M - $50M

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.

Latest News

Chesapeake’s Billion-Dollar Hedge and the Bankruptcy Question

Hertz Looks to Sell Up to $1 Billion in Shares to Fund Bankruptcy

JCPenney Losses More Than Tripled Ahead Of Bankruptcy Filing

Texas Frac Sand Firm Files For Chapter 11 Bankruptcy.

Major Distributor to National Chains Files for Ch. 11 Bankruptcy

Bankruptcy Courts Continue to Accept Equitable Arguments for Deferring Rent Payments During the COVID-19 Pandemic

US Oil and Gas Companies File for Bankruptcy Amid Depressed Prices

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