Omni Logo
Wednesday, October 14, 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.10/13/2020Beck & Chase Enterprises, Inc.20-12864Jeffrey Smith$500k - $1M$1M - $10M
C.D. Cal.10/13/2020Coto Investments, Inc. (Second Filing)20-11239Robert P. Goe$1M - $10M$1M - $10M
W.D. Tex.10/13/2020DEVCH, LP20-11123Stephen W. Sather$1M - $10M$1M - $10M
W.D. Tex.10/13/2020Finger Oil & Gas, Inc.20-51742$1M - $10M$500k - $1M
W.D. Tex.10/13/2020Moses Investments LLC.20-51748Albert W. Van Cleave III$50k - $100k$100k - $500k
S.D. Tex.10/13/2020Paverock, Inc.20-34982Margaret M. McClure$100k - $500k$100k - $500k
S.D. Fla.10/13/2020Wislon Salon and Spa Inc.20-21138Julianne Frank$0 - $50k$100k - $500k
E.D. Mich.10/13/2020Huron Pointe Excavating, LLC20-50592Peter A. Torrice$1M - $10M$500k - $1M
D. Colo.10/13/2020MAS Corp20-16743Aaron A. Garber$0 - $50k$1M - $10M
N.D. Ga.10/13/2020Restaurant 104 LLC20-70720J. Robert Williamson$100k - $500k$1M - $10M
N.D. Ga.10/13/2020Virginia-Highland Restaurant, LLC20-70718J. Robert Williamson$100k - $500k$1M - $10M
W.D. Mo.10/13/2020Risen, Inc.20-30430Norman E. Rouse$0 - $50k$1M - $10M
D. Del.10/12/2020Acthar IP Unlimited Company20-12524Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020Acthar IP Unlimited Company20-12524Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020IMC Exploration Company20-12526Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020Mallinckrodt Equinox Finance LLC20-12523Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020Mallinckrodt Group S.à r.l.20-12527Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020Mallinckrodt LLC20-12521Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020Mallinckrodt plc20-12522Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020MCCH LLC20-12525Michael J. Merchant$1M - $10B$1M - $10B

View All Filings
Featured Article

Down And Out: Bankruptcy Valuations Portend Production Declines

Projections and reorganization valuations of some recent oil and gas debtors demonstrate that creditors are aiming to ride existing production out of bankruptcy as opposed to drilling their way out of it.

Oil patch producers have been plunging towards bankruptcy for several months now as I have written before. This trend is on pace to continue with WTI still hovering around $40 per barrel. Hopes for even $50 per barrel prices could be cathartic for many, but alas prices have been flat for months now. There are dozens of areas and fields that have become economic at $50 compared to $40. Somewhat ironically, one of the pathways back to higher prices will be the decline of production in the U.S. (if not replaced elsewhere). That appears to be the case for most producers already in Chapter 11 bankruptcy.

Read the full article

Forbes by Bryce Erickson. Published October 13, 2020.

Latest News

Here Are the Big Businesses That Filed For Bankruptcy During COVID

As Oil Bankruptcies Surge, Vulture Investors Start Their Long Feast

Groups Seek To Undo FirstEnergy Solutions' Bankruptcy Following Corruption Allegations

Hermitage Offshore’s Fleet Sold In Bankruptcy Proceeding

U.S. Supreme Court Hears Case On Whether Drivers Can Get Cars Back From Chicago Auto Pound After Filing For Bankruptcy

Bankruptcy Hearings For Monorail Begin Tuesday

AMC Entertainment May File For Bankruptcy For Real As Reopening Stalls

Quick Links

Today Newsletter
Subcribe Now
Our daily newsletter provides access to recent significant chapter case filings, relevant restructuring news and samples of our current distressed company profiles.
brian-nl.jpg paul-nl.jpg alison-nl.jpg
Brian Osborne Paul Deutch Alison Miller
818.906.8300 212.302.3580 917.364.0508
© 2019 Omni Agent Solutions. All Rights Reserved