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.

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

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..."

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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