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Thursday, November 11, 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
W.D.N.Y.11/10/2021New Creation Fellowship of Buffalo21-11127Arthur G. Baumeister, Jr.$1M-$10M$500K-$1M
C.D. Cal.11/10/2021Adli Law Group P.C.21-18572Dean G. Rallis Jr.$1M-$10M$1M-$10M
W.D. Tex.11/10/2021BlueAvocado Co.21-51384Raymond Battaglia$500K-$1M$1M-$10M
M.D. Fla.11/10/2021Cali Restaurant and Bakery, Inc.21-05778Buddy D. Ford$100K-$500K$100K-$500K
W.D. Wash.11/10/2021Whisper Lake Developments, Inc.21-12060Christine M. Tobin-Presser$1M-$10M$1M-$10M
N.D. Ill.11/9/2021Paper Blast Co. (Second Filing)21-12790Paul M. Bach$0-$50K$500K-$1M
E.D. Mich.11/9/2021CG Acquisitions LLC21-31511Zachary R. Tucker$100K-$500K$0-$50K
D.N.J.11/9/2021Cidar Group Holdings Corporation21-18721Kenneth Rosellini$500K-$1M$1M-$10M
N.D. Ohio11/9/2021Blue Jay Communications, Inc.21-31915Frederic P. Schwieg$500K-$1M$1M-$10M
N.D. Ohio11/9/2021SS Young Fitness LLC21-31914Steven L. Diller$0-$50K$100K-$500K
C.D. Cal.11/8/2021Vision Adelante21-18528Sheila Esmaili$1M-$10M$1M-$10M
N.D. Ill.11/8/2021O'Hare Shell Partners, LLC21-12756Paul M. Bach$1M-$10M$1M-$10M
S.D. Tex.11/8/2021ORG GC Midco, LLC21-90015Alfredo R. Pérez$100M-$500M$100M-$500M
D. Mass.11/7/2021Auburn School LLC21-11620Michael Van Dam$1M-$10M$1M-$10M
D. Mass.11/7/2021School Place LLC21-11621Michael Van Dam$1M-$10M$1M-$10M
W.D. Pa.11/7/2021ABARTA Oil & Gas Co., LLC21-22406Paul J. Cordaro$1M-$10M$10M-$50M
E.D.N.Y.11/5/2021AJBM DELI LLC21-42812Alla Kachan$50K-$100K$100K-$500K
S.D.N.Y.11/5/2021Jamuna Taxi Corp. (Second Filing)21-11913Thomas A. Farinella$100K-$500K$100K-$500K
D. Nev.11/5/2021Amigo Construction, LLC21-15242Zachariah Larson$100K-$500K$100K-$500K
E.D. Mich.11/5/2021Lapeer Aviation, Inc.21-31500Zachary R. Tucker$0-$50K$100K-$500K

View All Filings
Featured Article

U.S. Supreme Court Denies Review of Challenge to Equitable Mootness Doctrine

In a decision that will likely impact bankruptcy proceedings around the country, the Supreme Court recently denied the petition for writ of certiorari of David Hargreaves, which challenged the equitable mootness doctrine. As a result, the concept of equitable mootness remains anything but moot.

The dispute arose after oilfield logistics company Nuverra Environmental Solutions, Inc.’s prepackaged plan of reorganization was confirmed by the Delaware bankruptcy court in 2017. Hargreaves, a holder of a $450,000 unsecured note against Nuverra, objected to his treatment under Nuverra’s plan, because he received a lower recovery than other unsecured creditors. The bankruptcy court ruled that the recoveries of these unsecured trade creditors, though better than the recoveries afforded noteholders such as Hargreaves, were a permissible “horizontal” gift from secured creditors to the unsecured trade creditors to ensure ongoing relationships with parties important to Nuverra’s reorganization.

Read the full article

The National Law Review by Jason G. Cohen, Mark E. Dendinger, and William C. Ladd. Published November 10, 2021.

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