Jennis Morse Etlinger Bankruptcy News November 12, 2021

JME filed a plan of reorganization for a subchapter v debtor with the subchapter v trustee in support of the restructuring proposal. Having the subchapter v trustee’s encouragement is crucial in these small business cases.

JME was approved as special litigation counsel to a chapter 7 trustee tasked with liquidating the estate’s assets. This case consisted primarily of causes of action.

Florida Filings

  • Oct 29, 2021 – Sky Media Pay, Inc, chapter 11 in the Southern District of Florida
  • Nov 1, 2021 – Marinia Towers, LLC, chapter 11 in the Middle District of Florida
  • Nov 1, 2021 – The Love Family Trust, LLC, chapter 11 in the Middle District of Florida
  • Nov 1, 2021 – Leslie Ingrid Marie Rivett-Prescott, chapter 11 in the Middle District of Florida
  • Nov 2, 2021 – AIX Ventures LLC, chapter 11 in the Southern District of Florida
  • Nov 3, 2021 – Ronald D Strobo, chapter 11 in the Northern District of Florida
 

Bankruptcy News

The “Nondebtor Release Prohibition Act of 2021” is heading to the House floor. The proposal would curb the extent bankruptcy judges can afford non-debtor stays or injunctions, which many find offensive as it allows non-debtors to enjoy one of the biggest benefits of bankruptcy without any of the oversight or burdens. Still, in some cases a non-debtor stay may be vital to a bankruptcy case or the debtor’s performance. – Read More

The Federal Reserve has signaled it will begin pulling back some of its economic aid which has erupted in recent times in the wake of the pandemic. The Fed has vocalized concerns about rising inflation rates. Read More

Investment Notes

We’re tracking a number of previously filed chapter 11 cases. 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.