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Thursday, March 2, 2023

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
N.D. Cal.3/1/2023Joaquin Miller Estates LLC (Second Filing)23-40226Darya S. Druch$0-$50k$0-$50k
N.D. Ill.3/1/2023Spiriplex, Inc.23-02773SCOTT R. CLAR$100k-$500k$1M-$10M
M.D. Fla.3/1/2023C&L Automotive & Towing, Inc.23-00437Bryan K. Mickler$100k-$500k$100k-$500k
M.D. Fla.3/1/2023Hairy Dealings, Inc.23-00782Daniel A. Velasquez$100k-$500k$100k-$500k
S.D. Fla.3/1/2023Ruel T. Stoessel, M.D., P.A.23-11671Alan R Crane$100k-$500k$500k-$1M
D. Nev.3/1/20234000 E PATRICK LANE LLC23-10776David Riggi$0-$50k$100k-$500k
N.D. Ala.3/1/2023Concrete Services, LLC23-00520Frederick M. Garfield$100k-$500k$500k-$1M
N.D. Ga.3/1/2023Anderby Brewing, LLC23-51983Michael D Robl$500k-$1M$500k-$1M
S.D. Ohio3/1/2023Gobo, Ltd.23-50619Myron N. Terlecky$1M-$10M$1M-$10M
D.P.R.3/1/2023JG FOOD AND ENTERTAINMENT, LLC23-00603Carlos Alberto Ruiz$0-$50k$50k-$100k
W.D. Tenn.3/1/2023Burrell Farms and Gardens, LLC23-21037Toni Campbell Parker$10M-$50M$1M-$10M
N.D.N.Y.2/28/20237 Perry Hill Road LLC23-10195Raymond Ragues$100k-$500k$100k-$500k
C.D. Cal.2/28/2023Immediate Properties, LLC23-10248Michael Jay Berger$1M-$10M$1M-$10M
C.D. Cal.2/28/2023Pacific Bend, Inc.23-10761Vanessa M. Haberbush$10M-$50M$10M-$50M
N.D. Cal.2/28/2023Timberstone 4038T, LLC., a Delaware limited liability company23-30109Sarah M. Stuppi$1M-$10M$1M-$10M
S.D. Fla.2/28/202365 Team LLC (Second Filing)23-11588Pro Se$500k-$1M$100k-$500k
D. Mass.2/28/2023Scharn Industries, LLC23-10298Gary W. Cruickshank$50k-$100k$500k-$1M
M.D. Pa.2/28/2023Northeast Tomato Distributors Inc.23-00432Robert E. Chernicoff$1M-$10M$1M-$10M
D. Colo.2/28/2023Western Slope Holding Company23-10711Stephen Berken$500k-$1M$1M-$10M
E.D. La.2/28/2023Pearl Inc.23-10276Robin R. De Leo$100k-$500k$1M-$10M

View All Filings
Featured Article

Bankruptcy Rate of US-Based Firms Hit Highest Levels Since 2010

A recent research report from ZeroHedge revealed that the troubling trend of bankruptcy among US-based firms recently reached one of the highest levels compared to the past decade. And unfortunately, crypto-based companies made up a substantial percentage of the increase.

ZeroHedge noted that firms with above $50 million in liabilities filing for bankruptcy topped 20 in January, representing the highest in any other January dating back to 2010. It mentioned crypto lender Genesis Global Holdco alongside other leading companies that blew up recently.

Read the full article

Coin Edition by Abdulkarim Abdulwahab. Published March 2, 2023.

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Brazil's Oi Files for Second Bankruptcy Protection Process

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