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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.
| Court | Filed | Debtor | Case No | Attorney | Assets | Liabilities |
|---|---|---|---|---|---|---|
| S.D.N.Y. | 2/22/2021 | Evergreen Gardens Mezz LLC | 21-10335 | Gary T. Holzer | $50M - $100M | $50M - $100M |
| C.D. Cal. | 2/22/2021 | All Star Auto Parts, Inc. | 21-11373 | Kevin Tang | $0 - $50k | $500k - $1M |
| C.D. Cal. | 2/22/2021 | RT Development LLC | 21-10292 | Matthew D. Resnik | $1M - $10M | $1M - $10M |
| S.D. Tex. | 2/22/2021 | Avery Commercial Small C, LLC | 21-50020 | Carl M. Barto | $1M - $10M | $1M - $10M |
| W.D. Tex. | 2/22/2021 | Farr Builders LLC | 21-50179 | Heidi McLeod | $1M - $10M | $1M - $10M |
| S.D. Fla. | 2/22/2021 | Buffalo Power Electronics Center, Inc. | 21-11686 | Robert C. Furr | $50k - $100k | $1M - $10M |
| M.D. Fla. | 2/22/2021 | Reset Investments Group, Inc. | 21-00759 | Pro Se | $0 - $50k | $100k - $500k |
| D. Nev. | 2/22/2021 | Main Street Investments III, LLC. | 21-10841 | Corey B. Beck, Esq. | $1M - $10M | $1M - $10M |
| W.D. Mich. | 2/22/2021 | Antara Systems, LLC | 21-00427 | A. Todd Almassian | $1M - $10M | $1M - $10M |
| D.N.J. | 2/22/2021 | PGA-MV Realty, LLC | 21-11412 | Kenneth Rosellini | $1M - $10M | $500k - $1M |
| E.D. Ky. | 2/22/2021 | Sanitech, LLC | 21-20120 | J. Christian A. Dennery | $100k - $500k | $500k - $1M |
| W.D. Tenn. | 2/22/2021 | Majestic Properties of Tennessee, LLC (Fourth Filing) | 21-20594 | Ted I. Jones | $0 - $50k | $100k - $500k |
| W.D. Wash. | 2/22/2021 | Pinney Inc | 21-40300 | David C. Smith | $0 - $50k | $100k - $500k |
| S.D. Fla. | 2/21/2021 | NMG REALTORS, LLC | 21-11655 | Paul N. Contessa | $100k - $500k | $100k - $500k |
| C.D. Cal. | 2/20/2021 | The Winemaker's Pantry, Inc. | 21-11364 | ANERIO V. ALTMAN, ESQ. | $0 - $50k | $0 - $50k |
| N.D. Tex. | 2/20/2021 | Duntov Motor Company LLC | 21-40348 | Hudson M. Jobe | $100k - $500k | $500k - $1M |
| C.D. Cal. | 2/19/2021 | Stern Holdings, Inc. | 21-11352 | Matthew Abbasi | $0 - $50k | $1M - $10M |
| N.D. Ill. | 2/19/2021 | Performance Aircraft Leasing, Inc. | 21-02211 | Robert R. Benjamin | $100k - $500k | $1M - $10M |
| S.D. Tex. | 2/19/2021 | US Construction Services, LLC | 21-80029 | Gabe Perez | $1M - $10M | $1M - $10M |
| D. Colo. | 2/19/2021 | Avery Asphalt, Inc. | 21-10799 | David J. Warner | $0 - $50k | $1M - $10M |
Four Statistical Snapshots of Subchapter V’s 1st Year
It has been a busy inaugural year for Subchapter V Chapter 11 bankruptcies. With Super Bowl LV now behind us, March Madness just over the horizon, and my head constantly whirring with scores and stats, I thought this would be the appropriate moment to compile some of Subchapter V’s key statistics to see what kind of year it had.
The Small Business Reorganization Act of 2019 (SBRA) added a new, simplified bankruptcy process for small businesses seeking to reorganize through bankruptcy. That new subchapter, Subchapter V, streamlines what tends to be fairly complex Chapter 11 procedures, shortens timelines, and eliminates creditors’ committees, making Chapter 11 more accessible, efficient, and cost-effective for qualifying small businesses.
Read the full articleBloomberg Law by Teadra Pugh. Published February 22, 2021.
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| Companies That Have Filed For Bankruptcy — and Which Ones Could Be Next | ||||||||||||
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