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Thursday, July 16, 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
W.D.N.Y.7/15/2020670 Knabb LLC20-10932Arthur G. Baumeister, Jr.$1M - $10M$1M - $10M
E.D.N.Y.7/15/2020ALA TURK INC.20-42628Lawrence F. Morrison$100k - $500k$1M - $10M
N.D.N.Y.7/15/2020Fingerlakes Hospitality Group, LLC20-30771Peter A. Orville$100k - $500k$500k - $1M
C.D. Cal.7/15/2020Ben Clymer's The Body Shop Perris Inc.20-14798Robert M. Yaspan$1M - $10M$1M - $10M
C.D. Cal.7/15/2020BGS WORKS, INC.20-11237Matthew D. Resnik$1M - $10M$1M - $10M
E.D. Cal.7/15/2020LA TERRAZA, INC.20-23480Noel Christopher Knight$0 - $50k$100k - $500k
S.D. Tex.7/15/2020California Heavy Oil, Inc.20-33569Paul E. Heath> $1B> $1B
S.D. Tex.7/15/2020California Resources Corporation20-33568Paul E. Heath> $1B> $1B
S.D. Tex.7/15/2020California Resources Petroleum Corporation20-33576Paul E. Heath> $1B> $1B
S.D. Tex.7/15/2020California Resources Production Mineral Holdings, LLC20-33578Paul E. Heath> $1B> $1B
S.D. Tex.7/15/2020Monument Production, Inc.20-33586Paul E. Heath> $1B> $1B
S.D. Tex.7/15/2020Oso Verde Farms, LLC20-33587Paul E. Heath> $1B> $1B
S.D. Tex.7/15/2020Socal Holding, LLC20-33588Paul E. Heath> $1B> $1B
S.D. Tex.7/15/2020Southern San Joaquin Production, Inc.20-33589Paul E. Heath> $1B> $1B
S.D. Tex.7/15/2020Thums Long Beach Company20-33590Paul E. Heath> $1B> $1B
S.D. Tex.7/15/2020Tidelands Oil Production Company LLC20-33565Paul E. Heath> $1B> $1B
S.D. Fla.7/15/2020BeeGe Holding Corp.20-17683Jacqueline Calderin, Esq.$0 - $50k$1M - $10M
S.D. Fla.7/15/2020Beesion Technologies, LLC20-17684Jacqueline Calderin, Esq.$1M - $10M$1M - $10M
M.D. Fla.7/15/2020V Garguilo Enterprises LLC20-05379Kevin Comer$100k - $500k$100k - $500k
N.D. Ga.7/15/2020Serendipity Labs, Inc.20-68124Lee B. Hart$10M - $50M$1M - $10M

View All Filings
Featured Article

Government Intervention Staves Off Initial Bankruptcy Surge

ALEXANDRIA, Va. - At least initially, federal government intervention to help individuals and business hit financially by the coronavirus pandemic have made a positive impact in terms of bankruptcy filings.

But experts suspect conditions will deteriorate in this part of the financial world as those assistance packages expire.

According to data provided by Epiq, the American Bankruptcy Institute (ABI) reported that the 39,969 total bankruptcy filings in May were down 42% from the 68,860 total filings in May of last year.

ABI also pointed out the total consumer filings decreased 43% in May, as the 37,391 filings fell from the 65,302 consumer filings registered last May.

Meanwhile, Epiq’s data also showed total commercial filings declined 28% in May, as the 2,578 filings were down from the 3,558 commercial filings completed in May of last year.

Read the full article

BHPH Report by BHPH Report Staff. Published June 22, 2020.

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