On September 22, 2020, Herald Hotel Associates of New York, New York, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case No. 20-12266). The company reported total assets of $100,000,001 to $500 million and total liabilities of $10,000,001 to $50 million. The company estimates that funds will be available for distribution to unsecured creditors. A copy of the company’s petition…

On September 20, 2020, Garrett Motion Inc.,  a designer, manufacturer and seller of turbocharger, electric boosting and connected vehicle technologies, and several affiliates filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case 20-12211).  The company reported approximately $2.06 billion in assets and $4.17 billion in liabilities, as of June 30.  According to a press release, the debtors have entered into…

On September 16, 2020, Kettner Investments, LLC based out of Santee, California, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case 20-12366).  The company reports $10 million to $50 million in both assets and liabilities.  A link to Kettner Investments, LLC Chapter 11 petition can be found here. Cole Schotz does not represent the Debtors in this case. We are posting…

On September 14, 2020, TSI Holdings II, LLC (fka Town Sports International) and several of its affiliates, which own and operate health fitness clubs, filed petitions for relief under chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 20-12167).  The company reports $500 million to $1 billion in assets and liabilities.  A link to TSI Holdings II, LLC’s chapter 11 petition can be found here. Cole…

On September 9, 2020, Energy Alloys Holdings, LLC, a Texas based supplier of alloys for the Oil and Gas industry, and several of its affiliates filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 20-12088).  The company reports $10 to $50 million in assets and $100 to $500 million in liabilities.  The company also estimates there to be 200 to 999…