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Tuesday, November 16, 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
E.D.N.Y.11/15/2021SERENITY SPA 86 INC.21-42862Lawrence F. Morrison$0-$50k$50k - $100k
S.D. Tex.11/15/2021SGR Energy, Inc.21-60090Thomas D. Berghman$1M-$10M$1M-$10M
D.N.J.11/15/2021Neelam Inc. (Second Filing)21-18842Narissa Joseph$500k-$1M$500k-$1M
D. Colo.11/15/2021Perky Jerky, LLC21-15685Aaron A. Garber$1M-$10M$10M-$50M
E.D. Mo.11/15/2021BacterioScan, Inc.21-44179A. Thomas DeWoskin$500k-$1M$1M-$10M
W.D. Pa.11/14/2021Connacht Corporation21-22467Brian C. Thompson$500k-$1M$1M-$10M
C.D. Cal.11/13/2021GT3, LLC21-12702Sean A. O'Keefe$0-$50k$1M-$10M
N.D. Ill.11/13/2021AJT Services, Inc.21-12986Laxmi P. Sarathy$0-$50k$0-$50k
N.D. Tex.11/12/2021Thunderhorse Multi-Electric, Inc.21-32033Kevin S Wiley Jr$50k - $100k$500k-$1M
N.D. Fla.11/12/2021Bayou Pointe Villas, Inc21-50111Michael A. Wynn$100k-$500k$1M-$10M
M.D. Fla.11/12/2021Eagleford Recycling Services, LLC21-05810Michael C. Markham$1M-$10M$500k-$1M
D.N.J.11/12/2021Briardale Farms, Inc.21-18792Damien Nicholas Tancredi$1M-$10M$1M-$10M
D.N.J.11/12/2021Carpenter Realty Corp.21-18789Damien Nicholas Tancredi$10M-$50M$1M-$10M
D.N.J.11/12/2021Carpenter Warehousing, Inc.21-18790Damien Nicholas Tancredi$500k-$1M$1M-$10M
D.N.J.11/12/2021Equity Resources, Inc.21-18791Damien Nicholas Tancredi$1M-$10M$1M-$10M
D.N.J.11/12/2021Gloucester Group, Inc.21-18793Damien Nicholas Tancredi$10M-$50M$1M-$10M
D. Ariz.11/12/2021Valley Hospice of Arizona, Inc.21-08392Thomas G. Luikens$1M-$10M$1M-$10M
D. Md.11/12/2021Grandma Bea LLC21-17146Tate M. Russack$1M-$10M$500k-$1M
D. Md.11/12/2021Second LLC21-17145Tate M. Russack$100k-$500k$100k-$500k
D. Minn.11/12/2021Community Vision Development Programs, LLC (Second Filing)21-42019Steven B. Nosek$0-$50k$0-$50k

View All Filings
Featured Article

Jones Day’s Business Restructuring Review | Vol. 20, No. 6 | November–December 2021

In This Issue:

New York Bankruptcy Court Rules that Good Faith Is Not the Gatekeeper to Chapter 15

In re Culligan Ltd., 2021 WL 2787926 (Bankr. S.D.N.Y. July 2, 2021), the U.S. Bankruptcy Court for the Southern District of New York court granted recognition under chapter 15 to the liquidation proceeding of a Bermuda company despite allegations that the company's court-appointed liquidators filed the chapter 15 petition solely to enjoin shareholder litigation pending in a New York State court. According to the court, although the Bankruptcy Code gives a U.S. court the discretion to deny any chapter 15 relief that is "manifestly contrary" to U.S. public policy, "this exception is not met by a simple finding that the Chapter 15 Petition has been filed as a litigation tactic."

Read the full article

Jones Day Published November–December 2021.

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