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Tuesday, March 14, 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
S.D. Cal.3/13/2023Laura's Original Boston Brownies, Inc.23-00656Paul Leeds$1M-$10M$1M-$10M
N.D. Cal.3/13/2023The Roman Catholic Bishop of Santa Rosa23-10113Paul J Pascuzzi$10M-$50M$10M-$50M
S.D. Tex.3/13/2023Gardner Agency of Texas, LLC23-30883Dean W. Greer$0-$50k$1M-$10M
N.D. Tex.3/13/2023Top Sports Production LLC23-40708Robert C Lane$0-$50k$1M-$10M
S.D. Fla.3/13/2023Allied Aerospace, Inc.23-11948Richard Siegmeister$0-$50k$0-$50k
M.D. Fla.3/13/2023Gumtree Digital LLC23-00908Daniel A. Velasquez$0-$50k$0-$50k
N.D. Fla.3/13/2023Integrated Cooling Experts, Inc.23-30159Byron W. Wright III$0-$50k$100k-$500k
S.D. Fla.3/13/2023New Beginning Missionary Baptist Church Inc. (Second filing)23-11933Peter Spindel$1M-$10M$500k-$1M
M.D. Fla.3/13/2023The Dive Place II LLC23-00907Daniel A. Velasquez$100k-$500k$500k-$1M
E.D. Ark.3/13/2023Greater Fellowship Ministries, Inc.23-10710Frank H. Falkner$100k-$500k$1M-$10M
D.P.R.3/13/2023MIVA INSURANCE CORP23-00731Javier Vilarino$0-$50k$100k-$500k
D. Del.3/12/2023World Marine Offshore A/S23-10303Jeremy W. Ryan
D. Md.3/12/2023Nightmare Graphics, Inc.23-11647Michael Coyle$100k-$500k$1M-$10M
N.D. Ill.3/11/2023R&W Clark Construction, Inc.23-03279Gregory K. Stern$0-$50k$1M-$10M
S.D.N.Y.3/10/2023JPDFAB Inc.23-22193Anne Penachio$0-$50k$100k-$500k
E.D. Cal.3/10/2023Madera Community Hospital23-10457Riley C. Walter$50M-$100M$10M-$50M
E.D. Cal.3/10/2023Point Buckler Club, LLC23-20755Marc Voisenat$1M-$10M$10M-$50M
N.D. Ill.3/10/2023DIJ Group, Inc.23-03257Saulius Modestas$0-$50k$1M-$10M
S.D. Tex.3/10/2023Loyalty Ventures Inc.23-90111Matthew D. Cavenaugh$1M-$10M$500M-$1B
S.D. Tex.3/10/2023Loyalty Ventures Inc.23-90111Matthew D. Cavenaugh$1M-$10M$500M-$1B

View All Filings
Featured Article

Silicon Valley Bank’s Bankruptcy and Offshore Oil and Gas

On Friday, the Federal Deposit Insurance Company seized the assets of Silicon Valley Bank, the nation’s 16th largest bank, located in the heart of the global tech industry. This is the largest bank failure since the 2008 financial crisis and the second largest in U.S. banking history.

SVB failed when there was a “run on the bank.” It happens when depositors ask for their money back and the bank lacks sufficient cash. Banks operate by “borrowing short and lending long.” The difference between the interest rate paid and received is the “interest spread” and it funds a bank’s operations and generates its profits. That spread has been upended by the Federal Reserve’s campaign to control inflation.

Read the full article

WorkBoat by G. Allen Brooks. Published March 13, 2023.

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