On December 18, 2020, Hollywood, FL-based 85 Flatbush RHO Mezz LLC and two subsidiaries, the owners of a twelve-story, mixed use property in Brooklyn, NY consisting of a 174 room boutique hotel on the first 6 floors (known as the Tillary Hotel Brooklyn) and 64-unit luxury residential component filed single-asset real estate petitions for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case 20-23280).  The company reports $50 to $100 million in both assets and liabilities.  A link to 85 Flatbush RHO Mezz’s chapter 11 petition can be found here.

Cole Schotz does not represent the Debtors in these cases.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtors’ counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.

 

On December 16, 2020, In-Shape Holdings, LLC, of Stockton, CA, a health club operator that had operated 65 clubs prior to the Covid-19 pandemic, and two affiliates filed petitions for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case 20-13130).  The company reports $50 to $100 million in assets and $100 to $500 million in liabilities. The company has entered into an asset purchase agreement for substantially all of the debtors’ assets with an existing lender and co-investors as stalking horse, for a purchase price of a $45.3 million credit bid of the DIP and prepetition obligations. The stalking horse would assume leases relating to up to 45 clubs. Prepetition first lien lenders would also provide $30.6 million in DIP financing. A link to In-Shape Holdings, LLC’s chapter 11 petition can be found here.

Cole Schotz does not represent the Debtor in this case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtors’ counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.

On December 14, 2020, BC Hospitality Group Inc. d/b/a by CHLOE, a plant-based and vegan restaurant chain with locations in New York City, Boston, Los Angeles, Rhode Island, London, and Toronto, along with 19 affiliated entities filed petitions for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case 20-13103).  The company reports $10 to $50 million in assets and $1 to $10 million in liabilities.  A link to BC Hospitality Group’s chapter 11 petition can be found here.

Cole Schotz does not represent the Debtor in this case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtors’ counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.

On December 7, 2020, CSI Technologies, LLC, an affiliate of lead-debtor Superior Energy Services, Inc., a provider of specialized oilfield services and equipment, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the  Southern District of Texas (Case 20-35811).  The company, which filed after entering into an RSA, reports $1 to 10 billion in assets and liabilities.

Cole Schotz does not represent the Debtors in these cases.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtors’ counsel.

Cole Schotz’s nationally renowned  Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.

On December 3, 2020, Francesca’s Holding Corporation, a Houston-based apparel, jewelry, accessories, and gift retailer with approximately 558 locations in 45 states, and its subsidiaries filed petitions for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case 20-13076).  The company reports $264.7 million in assets and $290.5 million in liabilities as of Nov. 1 and intends to pursue an auction and sale process under Bankruptcy code section 363.  Further, the company has received a $25 million DIP financing commitment and has entered into a letter of intent with a stalking horse bidder.  A link to the Francesca’s Holding Corporation chapter 11 petition can be found here.

Cole Schotz does not represent the Debtor in this case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtor’s counsel.

Cole Schotz’s nationally renowned  Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.

On December 3, 2020, Lighthouse Resources Inc. and substantially all of its direct and indirect subsidiaries, which operates thermal coal mines in and around the Powder River Basin located in Montana and Wyoming and operates ports in Washington to provide reliable energy for use in the U.S. and foreign markets, filed petitions for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case 20-13056).  The company reports $100 million to $500 million in both assets and liabilities.  A link to the Lighthouse Resources Inc. chapter 11 petition can be found here and a link to the claims agent website can be found here.

Cole Schotz does not represent the Debtor in this case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtors’ counsel.

Cole Schotz’s nationally renowned  Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.

On December 2, 2020, White Stallion Energy, LLC, an Evansville, Ind.-based coal mining company, along with 18 affiliated debtors filed petitions for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case 20-13037).  The company reports $100 million to $500 million in both assets and liabilities.  A link to the White Stallion Energy, LLC chapter 11 petition can be found here and a link to the claims agent website can be found here.

Cole Schotz does not represent the Debtor in this case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtors’ counsel.

Cole Schotz’s nationally renowned  Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.

On December 2, 2020, Awesome Flight LLC, a company which provides on-demand helicopter air charter services and scenic tours throughout the New York City Metro and beyond, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case No. 20-23248).  The company reports $100 to $500 thousand in assets and $1 to $10 million in liabilities.  A link to the Awesome Flight LLC Chapter 11 petition can be found here.

Cole Schotz does not represent the Debtor in the case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtor’s counsel.

Cole Schotz’s nationally renowned  Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.

On November 30, 2020, Hurdl Inc., a marketing company focusing on live event data capture and personalized short message service marketing, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case No. 20-12768).  The company reports $100 to $500 thousand in assets and $1 to $10 million in liabilities.  A link to the Hurdl Inc. Chapter 11 petition can be found here.

Cole Schotz does not represent the Debtor in the case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtor’s counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.

On November 25, 2020, MyCell Technologies LLC of New York, NY, which produces and markets a liquid formulation of Omega-3 ingredients for use in food, beverage, medical, and nutritional products, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case No. 20-12748). The company reports $1 to $10 million in both assets and liabilities and estimates that funds will be available for distribution to unsecured creditors.

Cole Schotz does not represent the Debtor in the case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtor’s counsel.

Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.