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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.
| Court | Filed | Debtor | Case No | Attorney | Assets | Liabilities |
|---|---|---|---|---|---|---|
| D. Del. | 3/12/2023 | World Marine Offshore A/S | 23-10303 | Jeremy W. Ryan | ||
| D. Md. | 3/12/2023 | Nightmare Graphics, Inc. | 23-11647 | Michael Coyle | $100k-$500k | $1M-$10M |
| N.D. Ill. | 3/11/2023 | R&W Clark Construction, Inc. | 23-03279 | Gregory K. Stern | $0-$50k | $1M-$10M |
| S.D.N.Y. | 3/10/2023 | JPDFAB Inc. | 23-22193 | Anne Penachio | $0-$50k | $100k-$500k |
| E.D. Cal. | 3/10/2023 | Madera Community Hospital | 23-10457 | Riley C. Walter | $50M-$100M | $10M-$50M |
| E.D. Cal. | 3/10/2023 | Point Buckler Club, LLC | 23-20755 | Marc Voisenat | $1M-$10M | $10M-$50M |
| N.D. Ill. | 3/10/2023 | DIJ Group, Inc. | 23-03257 | Saulius Modestas | $0-$50k | $1M-$10M |
| S.D. Tex. | 3/10/2023 | Loyalty Ventures Inc. | 23-90111 | Matthew D. Cavenaugh | $1M-$10M | $500M-$1B |
| S.D. Tex. | 3/10/2023 | Loyalty Ventures Inc. | 23-90111 | Matthew D. Cavenaugh | $1M-$10M | $500M-$1B |
| S.D. Tex. | 3/10/2023 | LVI Lux Holdings S.à r.l. | 23-90114 | Matthew D. Cavenaugh | $100k-$500k | $500M-$1B |
| S.D. Tex. | 3/10/2023 | LVI Lux Holdings S.à r.l. | 23-90114 | Matthew D. Cavenaugh | $100k-$500k | $500M-$1B |
| S.D. Tex. | 3/10/2023 | LVI Sky Oak LLC | 23-90112 | Matthew D. Cavenaugh | $0-$50k | $0-$50k |
| S.D. Tex. | 3/10/2023 | LVI Sky Oak LLC | 23-90112 | Matthew D. Cavenaugh | $0-$50k | $0-$50k |
| S.D. Tex. | 3/10/2023 | Rhombus Investments L.P. | 23-90113 | Matthew D. Cavenaugh | $100k-$500k | $0-$50k |
| S.D. Tex. | 3/10/2023 | Rhombus Investments L.P. | 23-90113 | Matthew D. Cavenaugh | $100k-$500k | $0-$50k |
| S.D. Fla. | 3/10/2023 | Soler & Soler Hauling, Inc. | 23-11917 | Timothy S. Kingcade | $1M-$10M | $1M-$10M |
| D. Kan. | 3/10/2023 | Digital Aerolus, Inc. | 23-20226 | Jill Olsen | $100k-$500k | $1M-$10M |
| W.D. Wash. | 3/10/2023 | BG Capital LLC | 23-10453 | Pro Se | $500k-$1M | $100k-$500k |
| D. Del. | 3/9/2023 | Ryze Renewables II, LLC | 23-10289 | Pauline K. Morgan | $100M-$500M | $100M-$500M |
| D. Del. | 3/9/2023 | Ryze Renewables Las Vegas, LLC | 23-10290 | Pauline K. Morgan | $100M-$500M | $100M-$500M |
Implications of Silicon Valley Bank Closure
On Friday, March 10, 2023, the California Department of Financial Protection and Innovation shut down Silicon Valley Bank (SVB) and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
The FDIC created the Deposit Insurance National Bank of Santa Clara (DINB) and immediately transferred all insured deposits of SVB to DINB. The FDIC announced on March 10 that insured depositors will have access to their insured amounts by Monday morning, March 13, 2023, and that uninsured depositors will be paid an advanced dividend next week and will receive a receivership certificate for their additional uninsured deposits (which is not a guarantee of full repayment). Future payments of remaining uninsured deposits will occur as the FDIC liquidates additional assets. Information about the SVB receivership, how to file claims and links to the FDIC’s claims portal can be found at this link.
Read the full articleSidley Austin LLP Published March 10, 2023.
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| U.S. Sports Broadcaster Misses Payment to MLB Team as It Nears Bankruptcy, Sources Say |
| Loyalty Ventures Files for Chapter 11 Bankruptcy Protection |
| Madera Community Hospital, Closed for Two Months, Officially Files for Bankruptcy |
| Santa Rosa Catholic Diocese to File for Bankruptcy in Wake of Nearly 200 Sex Abuse Suits |
| A Closer Look at FTX’s Most Recent Bankruptcy Documents |
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| Brian Osborne | Paul Deutch | Alison Miller |
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