Omni Logo
Monday, September 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
C.D. Cal.9/12/2021Lucille Manor Apartments, LLC21-17159Michael R. Totaro$500k-$1M$100k-$500k
M.D. Fla.9/12/2021Bizgistics, Inc.21-02197Megan W. Murray$1M-$10M$1M-$10M
D. Del.9/10/2021Agspring Mississippi Region, LLC21-11238Laura Davis Jones$10M - $50M$100M-$500M
D. Del.9/10/2021Agspring MS 1, LLC21-11239Laura Davis Jones$10M - $50M$100M-$500M
D. Del.9/10/2021Agspring MS, LLC21-11240Laura Davis Jones$10M - $50M$1M-$10M
D. Del.9/10/2021Bayou Grain & Chemical Corporation21-11242Laura Davis Jones$1M-$10M$1M-$10M
D. Del.9/10/2021Lake Providence Grain and Rice LLC21-11241Laura Davis Jones$10M - $50M$1M-$10M
S.D.N.Y.9/10/2021Income Collecting 1-3 Months T-Bills Mutual Fund (In Voluntary Liquidation)21-11601John E. Jureller, Jr.
W.D. Tex.9/10/2021Flix Brewhouse NM LLC21-30676Rachael L. Smiley$1M-$10M$1M-$10M
S.D. Fla.9/10/20216446MB LLC21-18777Joel M. Aresty$1M-$10M$1M-$10M
D.N.J.9/10/2021New World Stainless LLC21-17153David S. Catuogno$1M-$10M$10M - $50M
D. Colo.9/10/2021Mainstreet Pier, LLC21-14682Jonathan M. Dickey$0-$50k$10M - $50M
W.D. La.9/10/2021LTPB, LLC21-50561Tom St. Germain$1M-$10M$1M-$10M
D. Minn.9/10/2021LOCAL MOTION MN, LLC21-31539JOHN D. LAMEY III$100k-$500k$1M-$10M
D.N.H.9/10/2021G & J Transportation, LLC21-10544Eleanor Wm. Dahar$1M-$10M$1M-$10M
S.D.N.Y.9/9/2021Banco Nacional S.A.21-11594Warren Gluck
N.D. Ill.9/9/2021HK Facility Services, Inc.21-10458Joseph Wrobel$0-$50k$100k-$500k
D.N.J.9/9/2021Evergreen I Associates, LLC21-17116Joseph L. Schwartz$1M-$10M$1M-$10M
D.N.J.9/9/2021Evergreen II Associates, LLC21-17118Joseph L. Schwartz$1M-$10M$1M-$10M
D.N.J.9/9/2021Evergreen III Associates, LLC21-17119Joseph L. Schwartz$100k-$500k$1M-$10M

View All Filings
Featured Article

A Second Look: United States Bankruptcy Court for The District of New Jersey Clarifies Start of Look-Back Periods for Avoidance Actions Involving Real Property

Debtors and trustees seeking to avoid the hardship of a foreclosure often attempt to employ sections 547 and 548 of the Bankruptcy Code.[1] In accordance with the former section, a debtor may avoid any transfer of an interest in property “on or within 90 days before the date of the filing of the petition.” When there is an allegation of a fraudulent transfer, the latter section provides, “The trustee may avoid any transfer . . . incurred by the debtor that was made or incurred on or within two years before the date of the filing of the petition.”

Because these look-back periods extend the time when a debtor can avoid certain transfers, the threshold determination of when the applicable period starts is crucial to assess whether these provisions are available to the debtor. A recent adversary proceeding in the United States Bankruptcy Court for the District of New Jersey, Cedrick Goodman v. MTAG as Custodian for Alterna Funding I, LLC, et al. Adv. Pro. No.: 20-01162[2], provides important guidance applicable when a lender files a lis pendens[3] years before the debtor files for bankruptcy.

Read the full article

Patterson Belknap Webb & Tyler LLP. by Lance Kodish and Daniel A. Lowenthal. Published September 9, 2021.

Latest News

From Zippers to Glass, Shortages of Basic Goods Hobble U.S. Economy

Eighth Circuit Appears to Mandate Appeal of Interlocutory Orders in Order to Preserve Right of Appellate Review

Avoiding Fraudulent Transfer Claims from Loan Workouts

Danish Energy Trader Files for Bankruptcy as Turmoil Bite

Easterday Estate Farm Equipment Sell-off One of the Largest in US History

ABC Carpet & Home Files Chapter 11 Bankruptcy Petition in US Court

Quick Links

Today Newsletter
Subcribe Now
Our daily newsletter provides access to recent significant chapter case filings, relevant restructuring news and samples of our current distressed company profiles.
brian-nl.jpg paul-nl.jpg alison-nl.jpg
Brian Osborne Paul Deutch Alison Miller
818.906.8300 212.302.3580 917.364.0508
© 2021 Omni Agent Solutions. All Rights Reserved