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Thursday, June 23, 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.6/22/2022Gold Standard Baking, LLC22-10559Domenic E. Pacitti$100M-$500M$100M-$500M
D. Del.6/22/2022Gold Standard Holdings, Inc.22-10558Domenic E. Pacitti$100M-$500M$100M-$500M
D. Del.6/22/2022Gold Standard Real Estate, LLC22-10560Domenic E. Pacitti$100M-$500M$100M-$500M
E.D.N.Y.6/22/2022Nuvo Tower LLC22-41444Robert L. Rattet$1M-$10M$1M-$10M
E.D.N.Y.6/22/2022TCN Liberty Management Inc (Second Filing)22-41452Ilevu Yakubov$500k-$1M$1M-$10M
S.D. Fla.6/22/2022274 Atlantic Isles LLC22-14810Glenn D. Moses$1M-$10M$1M-$10M
M.D. Fla.6/22/2022South Trail Autobody, Inc.22-02489Benjamin G. Martin, Esq.$0-$50k$100k-$500k
D.N.J.6/22/20221145 Thornton Ave LLC22-15056Andre L. Kydala, Esq.$0-$50k$0-$50k
S.D. Ala.6/22/2022Andrews Automotive, LLC22-01410Pro Se$100k-$500k$500k-$1M
D. Ariz.6/22/2022C.L. Maack, Inc.22-04046Christopher R. Kaup$100k-$500k$1M-$10M
E.D. Ark.6/22/2022Operation Impact Community Development Center, Inc.22-11603Chauncy Graham$0-$50k$0-$50k
E.D. Va.6/22/2022Ticonderoga Farms, LLC22-10794James R. Billings-Kang$10M-$50M$1M-$10M
E.D.N.Y.6/21/2022Caribbean Real Estate Holdings Inc (Second Filing)22-71477Pro Se$1M-$10M$1M-$10M
S.D. Ala.6/21/2022Diamond Scaffold Services, LLC22-11208Alexandra K. Garrett$1M-$10M$10M-$50M
D. Idaho6/21/2022Sagewood LLC. (Third Filing)22-40242Quentin W. Lackey$1M-$10M$100k-$500k
D. Md.6/21/2022Keyway Apartment Rentals, LLC22-13389Joseph M. Selba$1M-$10M$1M-$10M
E.D.N.C.6/21/2022Dixon and Sons22-01346Samantha K. Brumbaugh$100k-$500k$500k-$1M
E.D. Va.6/21/2022Ticonderoga Farms, LLC22-10794James R. Billings-Kang$10M-$50M$1M-$10M
N.D. Cal.6/20/2022Connected Data, Inc.22-50516John W. Mills, III$10M-$50M$10M-$50M
N.D. Cal.6/20/2022StorCentric, Inc.22-50515John W. Mills, III$10M-$50M$10M-$50M

View All Filings
Featured Article

Biden Signs Grassley-Led Bankruptcy Bill into Law

President Joe Biden today signed into law a bipartisan bill authored by Sen. Chuck Grassley (R-Iowa) to help small businesses and individuals stay afloat during bankruptcy. The Bankruptcy Threshold Adjustment and Technical Corrections Act (S. 3823) becomes law at a time when Americans are battling 40-year high inflation, rising interest rates and fears of a looming recession. As Judiciary Committee’s ranking member, Grassley partnered with Sens. Sheldon Whitehouse (D-R.I.), Dick Durbin (D-Ill.) and John Cornyn (R-Texas) to advance the bill, which unanimously cleared the Senate and passed in the House of Representatives with an overwhelmingly bipartisan vote of 392-21.

“As American families and small businesses face mounting economic uncertainty amid historic inflation and spiking interest rates, it’s more important than ever that we remove hurdles to reorganizing when folks fall on hard times. Our bipartisan bill – now law – builds on my Small Business Reorganization Act in 2019 with Sen. Whitehouse to streamline the bankruptcy process for small businesses by eliminating onerous paperwork requirements designed for major corporations,” Grassley said.

Read the full article

Senator Chuck Grassley Published June 21, 2022.

Latest News

The Retail Industry Is Facing a Potential Wave of Bankruptcies – Here's Why

Gold Standard Baking Files for Chapter 11 to Pursue Sale

U.S. Economy Is ‘Well-Positioned’ to Handle More Rate Hikes, Fed’s Powell Says

Upending the Traditional Chapter 11 Bargain

Replacing Key Employee Retention Plans with Incentive Plans in Bankruptcy

Subchapter V Debt Ceiling Restored to $7.5 Million

Coinbase Under a Dark Cloud as Rumors of Bankruptcy Surface on Social Media

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