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Wednesday, March 15, 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
E.D.N.Y.3/14/202351 HILLS LLC23-40849Pro Se$100k-$500k$100k-$500k
C.D. Cal.3/14/2023Valley Property Ventures, LLC23-10981David M. Goodrich$1M-$10M$1M-$10M
C.D. Cal.3/14/2023Wavecrest Enterprises LLC23-11438Thomas B. Ure$1M-$10M$1M-$10M
S.D. Tex.3/14/2023Diamond Sports Group, LLC23-90116John F. Higgins$1B-$10B$1B-$10B
N.D. Tex.3/14/2023Hall Cattle Feeders LLC23-20039Van W. Northern$10M-$50M$1M-$10M
W.D. Tex.3/14/2023J.A.R. Concrete, Inc.23-30242E.P. Bud Kirk$1M-$10M$1M-$10M
D. Nev.3/14/2023Arts District Real Estate # 1, LLC23-10963Mitchell S. Bisson, Esq.$1M-$10M$1M-$10M
W.D. Mich.3/14/2023Atlas Heavy Engine Co.23-00530Steven M. Bylenga$1M-$10M$1M-$10M
N.D. Ala.3/14/2023Premier Cajun Kings, LLC23-00656Jesse S. Vogtle, Jr.$1M-$10M$10M-$50M
D. Ariz.3/14/2023Empereon Marketing, LLC23-01592Gerald Shelley$1M-$10M$1M-$10M
N.D. Ga.3/14/2023Lifehope Equipment Leasing, LLC23-20313Benjamin Keck$1M-$10M$1M-$10M
N.D. Ga.3/14/2023Utiliman Utility Contractors LLC23-40378Thomas T. McClendon$0-$50k$500k-$1M
D. Md.3/14/2023Mingle Banquet Facility LLC23-11690Chidi Onukwugha$0-$50k$0-$50k
D.N.H.3/14/2023NewCo, LLC23-10123Jesse Redlener$1M-$10M$1M-$10M
D.R.I.3/14/2023WONDER CORPS HOLDINGS, LLC23-10173Kevin D. Heitke, Esquire$0-$50k$50k-$100k
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
M.D. Fla.3/13/2023The Dive Place II LLC23-00907Daniel A. Velasquez$100k-$500k$500k-$1M

View All Filings
Featured Article

Diamond, Owner of RSNs for 40-Plus Teams, Files for Bankruptcy

Diamond Sports Group, the Sinclair subsidiary that controls the regional sports networks for 42 teams across Major League Baseball, the National Hockey League and the National Basketball Association, announced that it has filed for Chapter 11 bankruptcy on Tuesday night, three days before the end of a 30-day grace period it entered into with creditors.

As part of a news release, Diamond, which has more than $8 billion in debt, said it "intends to use the proceedings to restructure and strengthen its balance sheet" and that the RSNs "will continue to operate in the ordinary course during the Chapter 11 process." The company added that it possesses $425 million of cash in order to continue funding its business during the process.

Read the full article

ESPN by Alden Gonzalez. Published March 14, 2023.

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