Jennis Morse Etlinger Bankruptcy News November 19, 2021

  • JME’s omnibus application to approve contingency fees on behalf of special litigation counsel was approved. The contingency model can be an appealing tool to provide for legal services in adversaries where an hourly model may not be well-suited.
  • Daniel Etlinger and Mary Joyner recently participated in the Tenth Annual Bench Bar Conference, United States Bankruptcy Court, Middle District of Florida. The Bench Bar is an opportunity for various practitioners to discuss local practice and any necessary revisions. This year’s topics centered on case management, scheduling, and procedural matters in contested matters and adversaries.
 

Florida Filings

  • Nov 10, 2021 – Cali Restaurant and Bakery, Inc. d/b/a Antojitos Latin Cravings chapter 11 in the Middle District of Florida
 

Bankruptcy News

Apollo Global Management Inc. is posed for a big return on less than a half year’s investment in Hertz Global Holding Inc.’s turnaround. Apollo announced it is anticipating a 70% annual rate of return on the rental car company deal. Read More

The DOJ is gearing up to liquidate approximately $56 million in proceeds seized from Glenn Arcaro in connection with a lending program that defrauded thousands of investors. The liquidation would include cryptocurrency assets and proceeds.

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.