Jennis Morse Etlinger Bankruptcy News October 28, 2021

JME successfully negotiated a resolution during mediation on behalf of its client, a resident of a continuing care retirement community (CCRC).

Judge Colton granted JME’s client, chapter 11 debtor Nature Coast Emergency Medical Foundation, Inc., motions to pay its employee benefits and reject certain contracts which, in the debtor’s business judgment, were no longer necessary.

Florida Filings

  • Oct 18, 2021 – True Enterprise, LLC, chapter 11 in the Southern District of Florida
  • Oct 19, 2021 – Organic Evolution, Inc, chapter 11 in the Southern District of Florida
  • Oct 19, 2021 – DK International Associates, Inc., chapter 11 in the Southern District of Florida
  • Oct 19, 2021 – KAAG FL Trust, chapter 11 in the Middle District of Florida
  • Oct 20, 2021 – Steven K. Thomas Inc., chapter 11 in the Southern District of Florida
  • Oct 20, 2021 – DLVAM1302 North Shore, LLC, chapter 11 in the Middle District of Florida
  • Oct 21, 2021 – Anthony Vulpis Contract Carrier Corp., chapter 11 in the Southern District of Florida

Bankruptcy News

Senator Elizabeth Warren (D-Mass) has introduced a new measure that would embolden creditors in chapter 11 cases to pursue allegations of self-dealing by private-equity owners. The measure is designed to help avoid sweeping claims against insiders “under the rug.” Read More

South Park creators are now in a bidding war in Casa Bonita’s bankruptcy. Casa Bonita, a Mexican resort-themed restaurant, has been featured in several of the show’s episodes. The bids and ultimate resolution will be decided by the bankruptcy judge. 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.