On April 12, 2021, Automotores Gildemeister SpA of Santiago, Chile 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. 21-10685) along with several affiliates.
Bankruptcy & Restructuring Law
The Bankruptcy & Restructuring Law blog published by Cole Schotz P.C. focuses on legal developments and case updates related to bankruptcy filings, Chapter 11 reorganizations, debtor-in-possession financing, and corporate restructuring. It covers a range of industries and jurisdictions, highlighting significant bankruptcy cases, creditor negotiations, asset sales, and financial restructuring strategies. The blog provides information on legal procedures and outcomes in bankruptcy courts, including details on major filings and the roles of lenders and stakeholders in restructuring processes. It serves as a resource for understanding the practical and legal aspects of bankruptcy and corporate financial reorganization.
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New Chapter 11 Filing – TECT Aerospace Group Holdings, Inc.
Late on April 5, 2021, TECT Aerospace Group Holdings, Inc., along with certain affiliates that manufacture high precision components and assemblies for the aerospace industry, filed a petition under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for…
New Chapter 11 Filing – The Collected Group, LLC
On April 5, 2021, The Collected Group, LLC, along with certain affiliates that design, distribute, and retail three contemporary, consumer-inspired, apparel lifestyle brands: Joie, Equipment, and Current/Elliott, filed a petition under Chapter 11 of the Bankruptcy Code in the Bankruptcy…
New Chapter 11 Filing – Entrust Energy, Inc.
On March 30, 2021, Houston-based retail power provider Entrust Energy, Inc., filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas (Case No. 21-31070). The company reports $100…
New Chapter 11 Filing – AeroCentury Corp.
On March 29, 2021, AeroCentury Corp., a Calif.-based publicly traded aircraft operating lessor and finance company specializing in leasing regional aircraft and engines to regional airlines and commercial users in 15 countries, announced it and certain of its subsidiaries filed…
New Chapter 11 Filing – Greensill Capital
On March 25, 2021, Greensill Capital Inc. 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. 21-10561). Greensill’s petition indicates that Greensill Capital Management…
New Chapter 11 Filing – Ninety-Five Madison Company, LP
On March 22, 2021, Ninety-Five Madison Company, LP of New York, NY filed a single asset real estate petition under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case No. 21-10529).…
New Chapter 11 Filing – Nine Point Energy Holdings, Inc.
On March 15, 2021, Nine Point Energy Holdings, Inc., a Denver-based private exploration & production company focused on the Williston Basin, and its affiliate Foxtrot Resources LLC, filed for chapter 11 protection in the Bankruptcy Court for the District of…
New Chapter 11 Filing – HighPoint Resources Corporation
On March 14, 2021, HighPoint Resources Corporation and its affiliates, a Denver, Colorado based company focused on the development of oil and natural gas assets located in the Denver-Julesburg Basin of Colorado, filed a petition for relief under Chapter 11…
New Chapter 11 Filing – Retired-N-Fit, LLC bda Beyond Fifty Fitness
On March 12, 2021, Retired-N-Fit, LLC bda Beyond Fifty Fitness, a Delaware fitness studio for adults ages 50 and beyond, filed a petition for relief under Subchapter V of Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for…