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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 |
|---|---|---|---|---|---|---|
| E.D.N.Y. | 3/14/2023 | 51 HILLS LLC | 23-40849 | Pro Se | $100k-$500k | $100k-$500k |
| C.D. Cal. | 3/14/2023 | Valley Property Ventures, LLC | 23-10981 | David M. Goodrich | $1M-$10M | $1M-$10M |
| C.D. Cal. | 3/14/2023 | Wavecrest Enterprises LLC | 23-11438 | Thomas B. Ure | $1M-$10M | $1M-$10M |
| S.D. Tex. | 3/14/2023 | Diamond Sports Group, LLC | 23-90116 | John F. Higgins | $1B-$10B | $1B-$10B |
| N.D. Tex. | 3/14/2023 | Hall Cattle Feeders LLC | 23-20039 | Van W. Northern | $10M-$50M | $1M-$10M |
| W.D. Tex. | 3/14/2023 | J.A.R. Concrete, Inc. | 23-30242 | E.P. Bud Kirk | $1M-$10M | $1M-$10M |
| D. Nev. | 3/14/2023 | Arts District Real Estate # 1, LLC | 23-10963 | Mitchell S. Bisson, Esq. | $1M-$10M | $1M-$10M |
| W.D. Mich. | 3/14/2023 | Atlas Heavy Engine Co. | 23-00530 | Steven M. Bylenga | $1M-$10M | $1M-$10M |
| N.D. Ala. | 3/14/2023 | Premier Cajun Kings, LLC | 23-00656 | Jesse S. Vogtle, Jr. | $1M-$10M | $10M-$50M |
| D. Ariz. | 3/14/2023 | Empereon Marketing, LLC | 23-01592 | Gerald Shelley | $1M-$10M | $1M-$10M |
| N.D. Ga. | 3/14/2023 | Lifehope Equipment Leasing, LLC | 23-20313 | Benjamin Keck | $1M-$10M | $1M-$10M |
| N.D. Ga. | 3/14/2023 | Utiliman Utility Contractors LLC | 23-40378 | Thomas T. McClendon | $0-$50k | $500k-$1M |
| D. Md. | 3/14/2023 | Mingle Banquet Facility LLC | 23-11690 | Chidi Onukwugha | $0-$50k | $0-$50k |
| D.N.H. | 3/14/2023 | NewCo, LLC | 23-10123 | Jesse Redlener | $1M-$10M | $1M-$10M |
| D.R.I. | 3/14/2023 | WONDER CORPS HOLDINGS, LLC | 23-10173 | Kevin D. Heitke, Esquire | $0-$50k | $50k-$100k |
| S.D. Cal. | 3/13/2023 | Laura's Original Boston Brownies, Inc. | 23-00656 | Paul Leeds | $1M-$10M | $1M-$10M |
| N.D. Cal. | 3/13/2023 | The Roman Catholic Bishop of Santa Rosa | 23-10113 | Paul J Pascuzzi | $10M-$50M | $10M-$50M |
| S.D. Tex. | 3/13/2023 | Gardner Agency of Texas, LLC | 23-30883 | Dean W. Greer | $0-$50k | $1M-$10M |
| N.D. Tex. | 3/13/2023 | Top Sports Production LLC | 23-40708 | Robert C Lane | $0-$50k | $1M-$10M |
| M.D. Fla. | 3/13/2023 | The Dive Place II LLC | 23-00907 | Daniel A. Velasquez | $100k-$500k | $500k-$1M |
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 articleESPN by Alden Gonzalez. Published March 14, 2023.
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