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Monday, November 9, 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.11/9/2020YouFit Health Clubs, LLC20-12841Dennis A. Meloro$50M - $100M$100M - $500M
E.D.N.Y.11/8/2020Forest Leaf LLC20-43935Rachel S. Blumenfeld$100k - $500k$100k - $500k
D.N.M.11/8/2020Kit Carson Home & Museum, Inc.20-12130Nephi Hardman$50k - $100k$100k - $500k
D. Del.11/7/2020Cred (Puerto Rico) LLC20-12840Scott D. Cousins$50M - $100M$100M - $500M
D. Del.11/7/2020Cred (US) LLC20-12837Scott D. Cousins$50M - $100M$100M - $500M
D. Del.11/7/2020Cred Capital, Inc.20-12838Scott D. Cousins$50M - $100M$100M - $500M
D. Del.11/7/2020Cred Inc.20-12836Scott D. Cousins$50M - $100M$100M - $500M
D. Del.11/7/2020Cred Merchant Solutions LLC20-12839Scott D. Cousins$50M - $100M$100M - $500M
E.D.N.Y.11/7/2020SNL Baldwin Realty, LLC20-73348Michael G. McAuliffe$500k - $1M$100k - $500k
S.D.N.Y.11/6/2020381 Broadway Realty Corp.20-12605Kevin J. Nash$10M - $50M$10M - $50M
S.D.N.Y.11/6/2020Blitman Saratoga LLC20-23177Kevin J. Nash$1M - $10M$1M - $10M
E.D.N.Y.11/6/2020Fanchest, Inc.20-43932Michael T. Conway$10M - $50M$1M - $10M
S.D.N.Y.11/6/2020Furla (U.S.A.), Inc.20-12604Joseph T. Moldovan$10M - $50M$1M - $10M
N.D. Cal.11/6/2020RS Air, LLC20-51604Jennifer C. Hayes$100k - $500k$0 - $50k
N.D. Tex.11/6/2020Western Ship Management, LLC20-32816Robert T. DeMarco$100k - $500k$100k - $500k

View All Filings
Featured Article

Privacy During Bankruptcy Proceedings: Why It Matters

During these particularly trying times resulting from the COVID-19 pandemic, businesses of all sizes have been concerned about the future. As a result, considering potential liquidation or restructuring through bankruptcy is inevitably starting to become a reality for some. Companies in this situation should keep privacy concerns in mind, because the handling of personal data in bankruptcy proceedings poses some unique challenges.

By taking proactive measures, a business can transform the personal data it holds from a reorganization liability into an asset. However, the issue of whether or not personally identifiable information (PII) can be sold (and under what terms) is a common way privacy issues come into play during liquidation and reorganization proceedings. As further discussed below, the GDPR and the CCPA, along with the prior positions taken by the FTC and various State Attorneys General, are all factors for companies to consider to ensure that data does not lose its value as part of the bankruptcy process.

Read the full article

Farella Braun + Martel LLP by Sushila Chanana, Ashleigh Nickerson, and Stephanie Skaff. Publihsed November 6, 2020.

Latest News

For Millions Deep in Student Loan Debt, Bankruptcy Is No Easy Fix

Bankruptcy Filings Becreased By 21% In the Past Year, But Trouble Might Lie Ahead

Cred Is First, Big Bitcoin Intermediary To File For Bankruptcy In US

Gym Carnage Rolls On With YouFit Chain Filing For Bankruptcy

Weinstein Co. Bankruptcy Plan Headed To A Vote By Accusers

The Restaurant Chain Bankruptcy Wave Is Far From Over

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