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Wednesday, January 13, 2021

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.1/12/2021RGN-Chicago XLIV, LLC21-10028Ian J. Bambrick$1M - $10M$1M - $10M
N.D. Cal.1/12/2021Herbal Hope (Second Filing)21-30021Sydney E. Fairbairn$100k - $500k$50k - $100k
C.D. Ill.1/12/2021Davis Express Service, Inc.21-80024Sumner A. Bourne$500k - $1M$100k - $500k
C.D. Ill.1/12/2021Davis Sand & Gravel, Inc.21-80023Sumner A. Bourne$1M - $10M$500k - $1M
E.D. Tex.1/12/2021East Texas Compost, LLC21-40044Eric A. Liepins$100k - $500k$0 - $50k
D. Md.1/12/2021Home Sweet Home DD, Inc.21-10213Brett Weiss$500k - $1M$500k - $1M
D. Md.1/12/2021METS, LLC21-10214Brett Weiss$1M - $10M$1M - $10M
W.D. Mo.1/12/2021Springer Family Trust, Dated March 2, 200621-30002Ted L. Tinsman$1M - $10M$1M - $10M
D. Neb.1/12/20214-S, LLC21-40024John C. Hahn$0 - $50k$0 - $50k
W.D.N.C.1/12/2021Beal Manufacturing, Inc.21-30027Richard S. Wright$10M - $50M$1M - $10M
N.D. Ohio1/12/2021Neurocare Center, Inc.21-60030Anthony J. DeGirolamo$1M - $10M$1M - $10M
E.D. Va.1/12/20213804 Wilson Boulevard LLC21-10039Steven B. Ramsdell$1M - $10M$1M - $10M
E.D. Va.1/12/2021730 Oakland LLC21-10040Steven B. Ramsdell$1M - $10M$1M - $10M
D. Del.1/11/2021Ferrellgas Partners Finance Corp.21-10020William E. Chipman, Jr.$0 - $50k$100M - $500M
D. Del.1/11/2021Ferrellgas Partners, L.P.21-10021William E. Chipman, Jr.$100M - $500M$100M - $500M
D. Del.1/11/2021Wardman Hotel Owner, L.L.C.21-10023Laura Davis Jones$100M - $500M$100M - $500M
N.D.N.Y.1/11/2021Ambica M&J Two LLC21-10014Justin A. Heller$1M - $10M$1M - $10M
S.D.N.Y.1/11/2021International Wealth Tax Advisors, LLC21-10041Henry G. Swergold, Esq.$100k - $500k$1M - $10M
N.D.N.Y.1/11/2021Jagdamba II Corp.21-10015Justin A. Heller$500k - $1M$10M - $50M
N.D.N.Y.1/11/2021Maha Laxmi II Corp.21-10016Justin A. Heller$1M - $10M$10M - $50M

View All Filings
Featured Article

French and US Bankruptcy Sales Compared

The mechanics for selling a debtor’s business or assets under Section 363 of the US Bankruptcy Code (363) are generally left to the debtor’s business judgment, even though some standard procedures are often employed. For example, an auction process with a stalking horse bidder is common, but not expressly required by the Code.

In contrast, French law provides a precise template for the sale of a business and assets in bankruptcy. Even though it contains some features similar to 363 sales, a French bankruptcy sale has several particularities that reflect the main goal of French bankruptcy law: safeguarding the business in order to protect jobs.

Read the full article

McDermott Will & Emery by Timothy W. Walsh, Timothée Gagnepain, Théophile Jomier, and Daniel Thomson. Published January 7, 2021.

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