- JME recently confirmed the chapter 11 subchapter v case for Marinetek North America, Inc. (“Marinetek”). Marinetek is a Delaware for profit corporation with its headquarters in Pinellas County, Florida. The debtor’s parent company Marinetek Group Oy is a Finnish company. The debtor primarily engineers and builds floating docks that feature long-lasting safety, comfort and reliability. The case was confirmed late 2021 on a consensual basis, meaning the debtor obtained the consent of all impaired classes of creditors. The case presented some unique international issues but ultimately was a great success for the debtor, which can now reorganize and continue operations.
- JME confirmed the chapter 11 subchapter v case for Nature Coast Emergency Medical Foundation, Inc. (“Nature Coast”). Nature Coast is a Florida not-for-profit corporation that provided emergency medical transportation services in Citrus County, Florida (“Citrus”). Nature Coast filed the bankruptcy on an emergency basis in response to a termination letter it received from Citrus just 15 days earlier. The bankruptcy provided a vehicle for the debtor to orderly wrap up its affairs and eventually hand off the remaining matters to a liquidating trust. Nature Coast’s plan was not objected to and confirmed on a consensual basis, meaning it obtained the consent of all impaired classes of creditors. This bankruptcy demonstrates that subchapter v’s can be a valuable resource for liquidating debtors, and in this case, allowed the debtor to ensure the Citrus’ citizens received uninterrupted life-saving care.
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- Feb 11, 2022, VCH Ranch – Florida, LLC, chapter 11 in the Middle District of Florida
- Feb 11, 2022, Network Communications of Northwest Florida, Inc., chapter 11 in the Northern District of Florida Feb 14, 2022, Osceola Fence Supply, LLC, chapter 11 in the Middle District of Florida
- Feb 14, 2022, Insurance Provider Group Inc, chapter 11 in the Middle District of Florida
- Feb 14, 2022, Curtiss Courtyard, LLC, chapter 11 in the Southern District of Florida
- Feb 15, 2022, Emerald Waterfront Homes LLC, chapter 11 in the Southern District of Florida
- Feb 15, 2022, Tab Restaurant Group, LLC, chapter 11 in the Middle District of Florida
- Feb 15, 2022, Venchur Investments LLC, chapter 11 in the Middle District of Florida
- Feb 15, 2022, Jennifer Michelle Scoleri-Pilson Joint Debtor, chapter 11 in the Middle District of Florida
- Feb 15, 2022, Glenwood Odell Pilson, chapter 11 in the Middle District of Florida
- Feb 15, 2022, Emerald Waterfront Homes LLC, chapter 11 in the Southern District of Florida
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