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Thursday, November 19, 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. Mass.11/19/202037 Calumet Street LLC (Second Filing)20-12253Gary W. Cruickshank$1M - $10M$1M - $10M
C.D. Cal.11/18/2020IBH Management PS, LLC20-17537Michael Jay Berger$0 - $50k$1M - $10M
N.D. Tex.11/18/2020CRD Hospitality, Inc.20-32879Kevin S Wiley Jr$0 - $50k$100k - $500k
N.D. Tex.11/18/2020CustArchProd, LLC20-32878Eric A. Liepins$0 - $50k$100k - $500k
S.D. Fla.11/18/2020FBC Group, LLC20-22667Alan R. Crane$50k - $100k$500k - $1M
D. Mass.11/18/2020The Next Place, LLC20-12249Jordan Shapiro$500k - $1M$500k - $1M
W.D. Pa.11/18/2020Deer Creek Diner, LLC20-23252Christopher M. Frye$0 - $50k$100k - $500k
D. Colo.11/18/20201301 South Dayton Street Townhomes, LLC20-17487Sami M. Ragab$1M - $10M$1M - $10M
D. Colo.11/18/2020Bavaria Inn Restaurant, Inc.20-17488Jeffrey A. Weinman$500k - $1M$1M - $10M
D. Colo.11/18/2020General Moly, Inc.20-17493John F. Young$1M - $10M$1M - $10M
M.D. La.11/18/2020Pelican Properties & Investments, Inc20-10774Pro Se$500k - $1M$500k - $1M
D. Md.11/18/2020Riley Bulk Transport, LLC20-20182Christopher L. Hamlin$100k - $500k$100k - $500k
D. Del.11/17/2020Swissport Fuelling Ltd (Second Filing)20-12990Jeffrey M. Schlerf
C.D. Cal.11/17/2020American Sterling Corporation20-13201Nanette Sanders$1M - $10M$0 - $50k
S.D. Tex.11/17/2020ASAIG, LLC20-35600Matthew Okin$1M - $10M$10M - $50M
S.D. Tex.11/17/2020Aztec/Shaffer, LLC20-35599Matthew Okin$10M - $50M$10M - $50M
N.D. Tex.11/17/2020Federico Maese M.D., P.A.20-32872Joyce Lindauer$0 - $50k$1M - $10M
M.D. Fla.11/17/2020Green Mountain Specialties Corp20-06370L. William Porter III$0 - $50k$500k - $1M
D. Nev.11/17/2020Afrayed End Productions, Ltd.20-51050L. Edward Humphrey$100k - $500k$100k - $500k
E.D.N.C.11/17/2020Don Betos Tacos-Raleigh Inc.20-03662William P. Janvier$50k - $100k$100k - $500k

View All Filings
Featured Article


Lender Civil Warfare Pierces Credit Euphoria

Once upon a time it would have been unthinkable — if not career suicide — for lenders to make risky loans without what are called “covenants”. These are contractual protections that, among other things, served as an early warning of a company’s increasing financial distress or that prevented it from borrowing additional money without an existing lender’s approval.

But these days, so-called “cov-lite” leveraged loans are all the rage among borrowers and lenders alike and comprise, by some accounts, nearly 90 per cent of all the riskiest loans issued in the US in 2019.

Read the full article

Financial Times by William Cohan. Published November 17, 2020.

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Brian Osborne Paul Deutch Alison Miller
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