Jennis Morse Etlinger Bankruptcy News September 30, 2022

JME News

• Our hearts go out to Florida residents in Southwest and Central Florida digging out of Hurricane Ian. We know this will be a very difficult and long rebuilding process. A few people have asked us about the health of the reinsurance market. Our friends in that market tell us Hurricane Katrina would be $50B in today’s dollars for insured losses (many hit won’t have flood insurance) and $100B in total losses. Ian is likely to be below this estimate but nonetheless will likely re-order the Florida insurance market as many carriers are already struggling and the State of Florida’s Citizen’s Insurance will take a big hit.

Florida Filings

• Sep 15, 2022, Equestrian Spirits, Inc.,, chapter 11 in the Northern District of Florida
• Sep 16, 2022, Rearden Steel Manufacturing LLC, chapter 11 in the Southern District of Florida
• Sep 16, 2022, Nick’s Creative Marine, Inc., chapter 11 in the Southern District of Florida
• Sep 19, 2022, Sunsation Energy Solutions, Inc., chapter 11 in the Middle District of Florida
• Sep 19, 2022, Marovitch Concessions LLC, chapter 11 in the Middle District of Florida
• Sep 20, 2022, Summit II, LLC, chapter 11 in the Middle District of Florida
• Sep 20, 2022, Brent Jarrett, D.D.S., P.A., chapter 11 in the Southern District of Florida
• Sep 21, 2022, Katalin Kozma, chapter 11 in the Middle District of Florida
• Sep 22, 2022, All Florida Safety Institute, LLC chapter 11 in the Middle District of Florida

Bankruptcy News

• Ian will ‘financially ruin’ homeowners and insurers. Link
• Nursing homes, senior living facilities driving healthcare bankruptcies. Link
• Cineplex Seeks to Revive Regal Merger After Cineworld Bankruptcy. Link

Investment Notes

We’re tracking a number of previously filed chapter 11 cases as well as some of the cases in the news. 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.