Bankruptcy Reorganization Chapter 11

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Bankruptcy Reorganization Chapter 11

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January 2013

January 31, 2013

Eleets Logistics, Inc. Files For Chapter 11


  • Debtor Name:  Eleets Logistics, Inc.
  • Year Filed:  2013
  • Jurisdiction:  United States Bankruptcy Court / Southern District of Florida
  • Asset Size:  Less than 10,000,000
  • Case Number:  13-12336
  • Industry:  Transportation, Trucking

The Fort Lauderdale, Florida-based Debtor is represented by Genovese Joblove & Battista, P.A.

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Metro Fuel Oil Corp. Update: Motion to Convert to Chapter 7


On January 29th, New York Commercial Bank filed a motion to convert Metro Fuel Oil Corp's Chapter 11 case to a Chapter 7. The Bank is a pre-petition secured lender.

According to the Motion, the Debtor has been unable to secure a stalking horse bidder to buy any of their assets.  Even if a sale occurs, the Bank argues, the Debtor will have little or no unencumbered cash.

Since the case was filed, "the Debtors have only burdened the estates with approximately $12 million of priming post-petition debt, loaded the estates with other administrative expenses, and racked up more than $5 million in post-petition losses."

Download the Motion below.

Download Metro Fuel Motion

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January 30, 2013

WineCare Storage LLC Files For Chapter 11, Blames Sandy


  • Debtor Name:  WineCare Storage LLC
  • Year Filed:  2013
  • Jurisdiction:  United States Bankruptcy Court / Southern District of New York
  • Asset Size:  Less than 10,000,000
  • Case Number:  13-10268
  • Industry:  Real Estate, Food & Beverage

The Debtor, based in New York City, operates a temperature-controlled wine storage facility.

According to the Debtor's Declaration, "Hurricane Sandy had a devastating effect on the Debtor, causing a massive disruption to the Debtor's business operations, destroying the Debtor's critical electronic databases and records and forcing the Debtor to physically relocate nearly 27,000 cases of wine, a relocation done by hand one case at a time.  Several of the Debtor's customers have commenced proceedings against the Debtor..."

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Land Securities Investors, Ltd. Files For Chapter 11


  • Debtor Name:  Land Securities Investors, Ltd.
  • Year Filed:  2013
  • Jurisdiction:  United States Bankruptcy Court / District of Colorado
  • Asset Size:  10,000,000 to 100,000,000
  • Case Number:  13-11167
  • Industry:  Real Estate

The Littleton, Colorado-based debtor is represented by Kutner Miller Brinen, P.C.

The four largest creditors are listed as State Farm Insurance, JP Morgan Chase, Ixis Real Estate Capital, Inc. and First Bank.

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 Our notification service provides a listing of every corporate Chapter 11 filing across the United States.  The list includes several key data fields, including case name, case number, jurisdiction, date filed, asset and liability range, number of creditors, industry and counsel.  Additionally, it includes a free PDF of each petition with the top 20 unsecured list attached. 

Contact Ken at ktroubh@nationwideresearch.com for more details.

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