October 6, 2022 – Metro Services Group Inc  (“Metro” or the "Debtor") have filed for bankruptcy in the Eastern District of Louisiana (Case No. 22-11197). New Orleans-based Metro is a minority-owned sanitation company founded in 1982 by brothers Glenn and Jimmie Woods; with the business dependent on contracts to collect waste entered into with the…

October 5, 2022 – The Debtors filed a pair of bidding procedures/sale motions; with the motions requesting Court authority to proceed with an auction/sale process in respect of: (i) a leased premises located in Perris, California (the “California Lease”) [Docket No. 138] and (ii) remaining assets [Docket No. 138].  The Debtors, who are looking to…

October 3, 2022 – Further to an August 11th bidding procedures order [Docket No. 246] and following an auction for the Debtors assets held on October 3rd (adjourned from September 30th), the Debtors notified the court that they had designated 4646 Nine Mile Point Road LLC ($8,797,500 bid) as the "prevailing bidder" with Centers for…

October 3, 2022 – Kabbage, Inc. and five affiliated debtors (d/b/a KServicing, “Kabbage” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case No. 22-10951 (Judge TBA). The Debtors, "a prominent servicer and subservicer of small business Paycheck Protection Program ('PPP') loans," are represented by Daniel…

October 3, 2022 – Claim Jumper Acquisition Company, LLC  and seven affiliated debtors (collectively, the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of Pennsylvania, lead case No. 22-21941 (Judge Gregory L. Taddonio). The Debtors, operators of four restaurants under the Claim Jumper Steakhouse & Bar, Joe’s Crab…

September 30, 2022 – The Court hearing the Starlin cases issued an order approving the Debtors’ settlement with mezzanine lenders Clinton PB Holdings I LLC, Clinton PB Holdings II LLC and Clinton PB Holdings III LLC (collectively, the “CPBH Entities”) [Docket No. 68]. The Settlement Agreement is attached as Exhibit 1 to the order. As…