Jennis Morse Etlinger Bankruptcy News February 18, 2022

• We’re increasingly seeing issues at the intersection of the Federal Paycheck Protection Program, commonly known as PPP, and bankruptcy. Unfortunately we’re seeing a lot of instances of PPP fraud. The New York Times estimates that approximately 15 percent, or $76 billion dollars, was acquired or used improperly, through PPP fraud. See our latest blog post.
• JME filed the Chapter 11 for William F. Roth – 8:22-bk-00453

• Feb 4, 2022, JAFFAN INTERNATIONAL, LLC, chapter 11 in the Middle District of Florida
• Feb 6, 2022, Centro NGD Holdings, LLC, chapter 11 in the Southern District of Florida
• Feb 7, 2022, Global Travel International, Inc., chapter 11 in the Middle District of Florida
• Feb 8, 2022, Big Black Can Inc, chapter 11 in the Middle District of Florida
• Feb 9, 2022, BT McCarthy 1, Inc, chapter 11 in the Middle District of Florida
• Feb 9, 2022, The Grand 4141, LLC, chapter 11 in the Southern District of Florida

• Small Businesses Still Face $28 Billion of Unforgiven PPP Loans. Link
• What Happens When Your Cruise Line Suddenly Goes Bust? Link
• Talc Plaintiffs’ Lawyers Allege J&J Put Lawsuits in Bankruptcy to Protect Brand. Link

Investment Notes

We’re tracking a number of previously filed chapter 11 cases as well as some of the cases in the news. We’ll keep you posted when opportunities are ripening. For more information on how we can help assist with financing opportunities, please contact the firm at (813) 229-2800.