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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.
| Court | Filed | Debtor | Case No | Attorney | Assets | Liabilities |
|---|---|---|---|---|---|---|
| S.D.N.Y. | 2/9/2021 | Blue Spruce Corporation | 21-10255 | Kenneth M. Lewis | $1M - $10M | $100k - $500k |
| S.D.N.Y. | 2/9/2021 | Prince Bakery SA, Inc. | 21-10254 | Kenneth M. Lewis | $0 - $50k | $0 - $50k |
| S.D.N.Y. | 2/9/2021 | Prince Bakery, Inc. | 21-10252 | Kenneth M. Lewis | $500k - $1M | $500k - $1M |
| C.D. Cal. | 2/9/2021 | Brilliant Industries Inc. | 21-11046 | Michael Kwasigroch | $1M - $10M | $1M - $10M |
| E.D. Cal. | 2/9/2021 | THOMAS ANTON & ASSOCIATES, A LAW CORPORATION | 21-10308 | Leonard K. Welsh | $0 - $50k | $100k - $500k |
| N.D. Tex. | 2/9/2021 | Danny R. Bartel, M.D., P.A. | 21-40285 | Craig D. Davis | $0 - $50k | $50k - $100k |
| N.D. Tex. | 2/9/2021 | Mustang Mining Company, LLC | 21-30257 | Stephanie D. Curtis | $500k - $1M | $100k - $500k |
| D. Nev. | 2/9/2021 | RKJ Hotel Management, LLC, a Nevada limited liability company | 21-10593 | Gerald M. Gordon | $10M - $50M | $10M - $50M |
| E.D. Pa. | 2/9/2021 | Lewisberry Partners, LLC | 21-10327 | Edmond M. George, Esq. | $1M - $10M | $1M - $10M |
| D. Ariz. | 2/9/2021 | Continental Country Club, Inc. | 21-00956 | Scott B. Cohen | $1M - $10M | $1M - $10M |
| W.D. La. | 2/9/2021 | CL of Bossier, LLC | 21-10114 | Ralph Scott Bowie | $100k - $500k | $1M - $10M |
| W.D. La. | 2/9/2021 | L C of Shreveport LLC | 21-10113 | Ralph Scott Bowie | $1M - $10M | $1M - $10M |
| D. Utah | 2/9/2021 | Arete Land Company, LLC | 21-20488 | Andres Diaz | $1M - $10M | $1M - $10M |
| D. Del. | 2/8/2021 | Anglin Cultured Stone Products LLC | 21-10389 | Charles J. Brown, III | $100k - $500k | $1M - $10M |
| D. Del. | 2/8/2021 | RGN-Milwaukee IV, LLC | 21-10390 | Ian J. Bambrick | $100k - $500k | $1M - $10M |
| E.D.N.Y. | 2/8/2021 | Advance Business International Network, Corp. | 21-40311 | Alla Kachan | $0 - $50k | $1M - $10M |
| E.D.N.Y. | 2/8/2021 | Advanced Business Integration Network Corp. | 21-40310 | Alla Kachan | $0 - $50k | $1M - $10M |
| E.D.N.Y. | 2/8/2021 | Bravo Price Corp. | 21-40309 | Alla Kachan | $0 - $50k | $1M - $10M |
| E.D.N.Y. | 2/8/2021 | Davidzon Media, Inc. | 21-40308 | Alla Kachan | $100k - $500k | $1M - $10M |
| E.D.N.Y. | 2/8/2021 | Rocky's Construction Inc. | 21-40316 | Paul Hollender | $500k - $1M | $500k - $1M |
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 articlePatterson Belknap Webb & Tyler LLP by Lance Kodish and Daniel A. Lowenthal. Published February 8, 2021.
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| Brian Osborne | Paul Deutch | Alison Miller |
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