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Recent Cases Filings and Other Related Industry Happenings
DESA of NY, not to be confused with the United Nation's Department of Economic and Social Affairs, declared bankruptcy in July of 1018. The organization officially completed and filed their petition for Chapter 11 bankruptcy with the US Bankruptcy Courts in the Eastern District of New York. The headquarters for DESA of NY was located in the beautiful and trendy shopping mall chain called Tanger Outlets in Deer Park, NY.
It's becoming more and more difficult to operate an independent healthcare facility these days, indemnified by the string of healthcare bankruptcies dating back to the start of 2018. In July, a number of healthcare clinics operating under NEC, or Neighbors Emergency Care, are closing due to Chapter 11 bankruptcy. In no less than 49 Chapter 11 bankruptcy cases filed with the US Bankruptcy Courts in the Southern District of Texas, NEC is undertaking a massive bankruptcy initiative with the assistance of the bankruptcy law firm Porter Hedges LLP.
Aspen Lakes Golf Course, LLC, along with two of its subsidiaries filed a voluntary petition for chapter 11 bankruptcy with the US Bankruptcy Courts for the District of Oregon on June 27th, 2018.
A company ripe with cutting edge technological advances in the form of patents, Guided Systems Technologies, Inc., filed a voluntary petition for Chapter 11 bankruptcy on July 5th, 2018. In 2013, guided systems Technologies began marketing the aircraft and camera products to farmers via a collaboration with the Georgia centers of innovation for Aerospace and Agribusiness.
Texas oil and gas exploration bankruptcies have slowed down from their high point of 2016 and 2017, however some oil companies are still feeling the pain from lower oil prices. Once such organization, Fulcrum Exploration, LLC, filed a voluntary petition for Chapter 11 bankruptcy in the Northern District of Texas on Monday. Bankruptcy Judge Stacey G. Jernigan will preside over the Chapter 11 bankruptcy case.
Kevin Smith, one of the owners and developers of Barbara Worth Resort and Country Club filed for Chapter 11 protection through his registered California business BWR, LLC which is listed to reside at 2050 COUNTRY CLUB DR STE 218-219 HOLTVILLE CA 92250.
The case, which was filed in the Southern district of California on June 19th, 2018, estimates total assets in the range of $1 million to $10 million and liabilities in the range $1 million to $10 million as well.
SJKWD, LLC which operates a Denny's location at 2710 N. Roosevelt Blvd. Key West, FL 33040 filed Chapter 11 bankruptcy in Florida Southern Bankruptcy Court on June 14th, 2018.
Their estimated assets range between $100k and $500k, while their estimated liabilities are in the range of $1 million to $10 million.
Meadowbrook Coal Company, Inc and its affiliates Kimmel's Coal and Packaging, Inc, which was established in 1983, filed for protection under chapter 11 bankruptcy code in Pennsylvania Middle Bankruptcy Court on June 12, 2018.
In their court filings they list their liabilities in the range of $10 to $50 million and their estimated assets less than $50k. According to their website they are a full service anthracite coal, and carbon supplier.