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Wednesday, June 15, 2022

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.6/14/2022Medical Technology Associates II22-10534Michael Busenkell, Esq.$1M-$10M$10M-$50M
E.D.N.Y.6/14/2022Larry Spier Music LLC22-71418Howard P. Magaliff$0-$50k$1M-$10M
E.D.N.Y.6/14/2022RAPI, Inc.22-41365Goldberg Weprin Finkel Goldstein LLP$100k-$500k$500k-$1M
E.D.N.Y.6/14/2022Scion Four Music LLC22-71410Howard P. Magaliff$100k-$500k$1M-$10M
E.D.N.Y.6/14/2022Scion Three Music LLC22-71407Howard P. Magaliff$0-$50k$1M-$10M
M.D. Fla.6/14/2022EJ Legacy, LLC (Second Filing)22-02108Chris Hixson$100k-$500k$100k-$500k
D.N.J.6/14/2022Riome Plumbing & Mechanical LLC22-14859David A. Kasen$500k-$1M$500k-$1M
N.D. Ga.6/14/2022Eiser International LLC22-54490Pro Se$0-$50k$0-$50k
N.D. Cal.6/13/2022NEXTSPORT, INC.22-40569Eric A. Nyberg$10M-$50M$10M-$50M
M.D. Fla.6/13/2022John Assi MD PA22-01172Pro Se$0-$50k$500k-$1M
M.D. Fla.6/13/2022Ortiz A Trucking, LLC22-02366Daniel A. Velasquez$100k-$500k$100k-$500k
D.N.J.6/13/2022704 Howe Street, LLC22-14820Brian W. Hofmeister, Esq.$0-$50k$0-$50k
D. Md.6/13/2022Beacon Scientific, LLC22-13209Steven L. Goldberg$0-$50k$100k-$500k
D. Del.6/10/2022SanityDesk, Inc.22-10527Michael Busenkell$100k-$500k$1M-$10M
S.D.N.Y.6/10/2022Hidili Industry International Development Limited22-10736Stephen M. Wolpert
S.D.N.Y.6/10/2022World Wine Group Inc.22-10738Warren R. Graham$0-$50k$100k-$500k
N.D. Tex.6/10/2022Careparth Healthcare System, LLP22-41333Eric A. Liepins$1M-$10M$1M-$10M
W.D. Tex.6/10/2022CKH Risk Management, LLC22-50646William R. Davis, Jr.$0-$50k$100k-$500k
M.D. Fla.6/10/2022Yorktown Electric Inc.22-02329Buddy D. Ford, Esquire$100k-$500k$100k-$500k
M.D. Pa.6/10/2022POCONO MOUNTAIN LAKE FOREST COMMUNITY ASSN, INC. (Second Filing)22-01084John J. Martin$500k-$1M$100k-$500k

View All Filings
Featured Article

U.S. Constitution’s Bankruptcy Clause: On A Roll!

We all know about bankruptcy travails, at the U.S. Supreme Court, when the U.S. Constitution’s Bankruptcy Clause is pitted against the Constitution’s Article III provisions on “judicial Power”: the Bankruptcy Clause loses (see, e.g., Northern Pipeline in 1982, Granfinanciera in 1989, and Stern v. Marshall in 2011).

But even that string of losses starts to turn in a positive direction (in 2014 and 2015) with:

Executive Benefits v. Arkison in 2014 (a bankruptcy court opinion is legitimized by an Article III court’s de novo review on appeal); and

Wellness International v. Sharif in 2015 (bankruptcy courts can decide Stern disputes by consent of the parties).

Read the full article

Mediatbankry by Donald L Swanson. Published June 14, 2022.

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