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Tuesday, February 9, 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.2/8/2021Anglin Cultured Stone Products LLC21-10389Charles J. Brown, III$100k - $500k$1M - $10M
D. Del.2/8/2021RGN-Milwaukee IV, LLC21-10390Ian J. Bambrick$100k - $500k$1M - $10M
E.D.N.Y.2/8/2021Advance Business International Network, Corp.21-40311Alla Kachan$0 - $50k$1M - $10M
E.D.N.Y.2/8/2021Advanced Business Integration Network Corp.21-40310Alla Kachan$0 - $50k$1M - $10M
E.D.N.Y.2/8/2021Bravo Price Corp.21-40309Alla Kachan$0 - $50k$1M - $10M
E.D.N.Y.2/8/2021Davidzon Media, Inc.21-40308Alla Kachan$100k - $500k$1M - $10M
S.D.N.Y.2/8/2021Novelion Therapeutics Inc.21-10245Eric Daucher
E.D.N.Y.2/8/2021Rocky's Construction Inc.21-40316Paul Hollender$500k - $1M$500k - $1M
E.D. Tex.2/8/2021Red Tulip Dry Cleaners LLC21-40191Eric A. Liepins$0 - $50k$100k - $500k
N.D. Fla.2/8/2021Domus Contemporary Living LLC21-40042Pro Se$1M - $10M$1M - $10M
M.D. Fla.2/8/2021E-Z General & Roofing Contractors Inc.21-00171Edward J. Peterson$1M - $10M$1M - $10M
D. Conn.2/8/2021Carla's Pasta, Inc.21-20111Tara L. Trifon$10M - $50M$50M - $100M
E.D. Wash.2/8/2021Easterday Farms, a Washington general partnership21-00176Thomas A. Buford$100M - $500M$100M - $500M
S.D. Tex.2/7/2021Asia Offshore Drilling Limited21-30385Matthew D. Cavenaugh$100M - $500M$100M - $500M
S.D. Tex.2/7/2021Asia Offshore Rig 1 Limited21-30386Matthew D. Cavenaugh$100M - $500M$100M - $500M
S.D. Tex.2/7/2021Asia Offshore Rig 2 Limited21-30387Matthew D. Cavenaugh$100M - $500M$100M - $500M
S.D. Tex.2/7/2021Asia Offshore Rig 3 Limited21-30388Matthew D. Cavenaugh$100M - $500M$100M - $500M
S.D. Tex.2/7/2021Seadrill GCC Operations Ltd. (Second Filing)21-30391Matthew D. Cavenaugh$100M - $500M$100M - $500M
D. Md.2/7/2021Cleary Packaging, LLC21-10765Paul Sweeney$1M - $10M$1M - $10M
E.D.N.Y.2/5/202178-19 Jamaica Avenue LLC (Second Filing)21-40293Elio Forcina$500k - $1M$500k - $1M

View All Filings
Featured Article

Section 1126 of the Bankruptcy Code and the Dangers of Sleeping On Your Rights As A Creditor

A seat at the table: this is what you likely want when your financial interests are drawn into a bankruptcy court proceeding. You’ll seek to be heard and do what you can to maximize your recovery. This is especially true if you’re a creditor in a chapter 11 case. Yet a recent decision shows what can happen if you do the opposite and choose to “sit one out” rather than have a say in the outcome of a chapter 11 case. In re Fred Bressler, No. 20-31023, 21 WL 126184 (Bankr. S.D. Tex. Jan. 13, 2021).

Debtor Fred Jay Bressler, M.D. filed for bankruptcy under chapter 11, subchapter V of title 11 of the Bankruptcy Code. Two mortgage companies held more than $800,000 in secured claims, and 33 creditors had unsecured claims totaling about $1.1 million. One of the secured claims was held by Harris County, Texas, for approximately $14,000 in unpaid property taxes on Dr. Bressler’s personal residence.

Read the full article

Patterson Belknap Webb & Tyler LLP by Lance Kodish and Daniel A. Lowenthal. Published February 8, 2021.

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