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Thursday, November 18, 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
D. Del.11/17/2021Alto Maipo Delaware LLC21-11507Sean T. Greecher$1B-$10B$1B-$10B
D. Del.11/17/2021Alto Maipo SpA21-11508Sean T. Greecher$1B-$10B$1B-$10B
D. Del.11/17/2021Riverbed Holdings, Inc.21-11505Laura Davis Jones$1B-$10B$1B-$10B
D. Del.11/17/2021Riverbed Parent, Inc.21-11506Laura Davis Jones$1B-$10B$1B-$10B
D. Del.11/17/2021Riverbed Technology, Inc.21-11503Laura Davis Jones$1B-$10B$1B-$10B
C.D. Cal.11/17/2021Top Flight Investments, LLC (Second Filing)21-11875Matthew Abbasi$10M-$50M$1M-$10M
N.D. Cal.11/17/2021Villa Developers & Investment, LLC21-51429Vinod Nichani$1M-$10M$1M-$10M
E.D. Mich.11/17/2021SN Management, LLC21-49033Tami Salzbrenner$1M-$10M$1M-$10M
E.D. Mich.11/17/2021Zara Management, LLC21-49032Tami Salzbrenner$1M-$10M$1M-$10M
E.D. Ark.11/17/2021Waldemar, LLC21-13089Reba M. Wingfield$1M-$10M$1M-$10M
N.D. Ga.11/17/2021Horizon Satellites, Inc.21-21193William A. Rountree$0-$50k$1M-$10M
N.D. Miss.11/17/2021Molecular & Diagnostic Testing Labs of America, LLC21-12201Robert Gambrell$100k-$500k$1M-$10M
N.D. Ohio11/17/2021Shenouda Hanna, Inc.21-13871Guy E. Tweed II$100k-$500k$1M-$10M
D. Del.11/16/2021Aternity LLC21-11504Laura Davis Jones$1B-$10B$1B-$10B
S.D.N.Y.11/16/2021Findlay Estates LLC21-22647Leo Fox$1M-$10M$1M-$10M
C.D. Cal.11/16/2021Moss Opal, LLC21-18689Kevin Ronk$100k-$500k$100k-$500k
D.N.J.11/16/2021Demza Masonry, LLC21-18868David L. Stevens$1M-$10M$500k-$1M
N.D. Ala.11/16/2021Blue Chip Hotels Assets Group Birmingham East, LLC21-02685C. Taylor Crockett$1M-$10M$1M-$10M
D. Alaska11/16/2021Raintree Properties and Leasing, LLC21-00192Cabot Christianson$1M-$10M$1M-$10M
D. Utah11/16/2021Makana Outreach Initiative Inc.21-24894Ted F. Stokes$1M-$10M$100k-$500k

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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