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Tuesday, February 23, 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
S.D.N.Y.2/22/2021Evergreen Gardens Mezz LLC21-10335Gary T. Holzer$50M - $100M$50M - $100M
C.D. Cal.2/22/2021All Star Auto Parts, Inc.21-11373Kevin Tang$0 - $50k$500k - $1M
C.D. Cal.2/22/2021RT Development LLC21-10292Matthew D. Resnik$1M - $10M$1M - $10M
S.D. Tex.2/22/2021Avery Commercial Small C, LLC21-50020Carl M. Barto$1M - $10M$1M - $10M
W.D. Tex.2/22/2021Farr Builders LLC21-50179Heidi McLeod$1M - $10M$1M - $10M
S.D. Fla.2/22/2021Buffalo Power Electronics Center, Inc.21-11686Robert C. Furr$50k - $100k$1M - $10M
M.D. Fla.2/22/2021Reset Investments Group, Inc.21-00759Pro Se$0 - $50k$100k - $500k
D. Nev.2/22/2021Main Street Investments III, LLC.21-10841Corey B. Beck, Esq.$1M - $10M$1M - $10M
W.D. Mich.2/22/2021Antara Systems, LLC21-00427A. Todd Almassian$1M - $10M$1M - $10M
D.N.J.2/22/2021PGA-MV Realty, LLC21-11412Kenneth Rosellini$1M - $10M$500k - $1M
E.D. Ky.2/22/2021Sanitech, LLC21-20120J. Christian A. Dennery$100k - $500k$500k - $1M
W.D. Tenn.2/22/2021Majestic Properties of Tennessee, LLC (Fourth Filing)21-20594Ted I. Jones$0 - $50k$100k - $500k
W.D. Wash.2/22/2021Pinney Inc21-40300David C. Smith$0 - $50k$100k - $500k
S.D. Fla.2/21/2021NMG REALTORS, LLC21-11655Paul N. Contessa$100k - $500k$100k - $500k
C.D. Cal.2/20/2021The Winemaker's Pantry, Inc.21-11364ANERIO V. ALTMAN, ESQ.$0 - $50k$0 - $50k
N.D. Tex.2/20/2021Duntov Motor Company LLC21-40348Hudson M. Jobe$100k - $500k$500k - $1M
C.D. Cal.2/19/2021Stern Holdings, Inc.21-11352Matthew Abbasi$0 - $50k$1M - $10M
N.D. Ill.2/19/2021Performance Aircraft Leasing, Inc.21-02211Robert R. Benjamin$100k - $500k$1M - $10M
S.D. Tex.2/19/2021US Construction Services, LLC21-80029Gabe Perez$1M - $10M$1M - $10M
D. Colo.2/19/2021Avery Asphalt, Inc.21-10799David J. Warner$0 - $50k$1M - $10M

View All Filings
Featured Article

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 article

Bloomberg Law by Teadra Pugh. Published February 22, 2021.

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