Jennis Morse Etlinger Bankruptcy News October 14, 2021
Jennis Morse Etlinger filed a recent Subchapter V bankruptcy for Nature Coast EMS, an ambulatory not-for-profit service. The firm attended the “first day” hearing where it was able to obtain interim relief to maintain certain bank accounts (for accounts receivable purposes), pay officer’s salaries and utilize cash collateral. And, the firm obtained final relief to pay prepetition wages and to sell two vehicles (to consummate a prepetition sale). These efforts will help ensure a smooth transition for the transfer of certain services to the county. Jennis Morse Etlinger, representing a creditor in a pending Chapter 13 case, successfully obtained a dismissal of that bankruptcy so that the client could continue its collection efforts in state court. Florida Filings
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A bankruptcy trustee has alleged that Yucaipa Cos. transferred nearly $380 million to pension funds and other vehicles. Attorneys at Jennis Morse Etlinger noted “in a bankruptcy the Court has the power to look back on certain transactions, and, typically large transfers or those right on the cusp of the bankruptcy filing will be closely examined.” Read More Conde Nast has offered to buy SportTechie Inc., which publishes a newsletter covering the junction of sports and technology, out of its recently filed bankruptcy. JME commented that “bankruptcies can provide a powerful vehicle for both asset and equity deals, especially with synergistic companies such as this.” Read more Investment Notes Sarasota brewery to sell tangible and intangible assets as part of its liquidating Chapter 11 bankruptcy. For more information please contact the firm at (813) 229-2800. |