Tampa    Fort Myers    Pensacola    Destin   

Specializing in insolvency and complex commercial matters since 1974

South Bay Lube, Inc. Confirms Its Chapter 11 Plan - March 14, 2013

On March 14, 2013, the Honorable K. Rodney May of the United States Bankruptcy Court for the Middle District Of Florida, Tampa Division, confirmed the plan of reorganization for South Bay Lube, Inc. The company operates twenty two (22) “Jiffy Lube” locations throughout central and southwest Florida, and has over 200 employees. Following the firm’s initial filing for South Bay Lube on May 11, 2012, the company successfully exits Chapter 11 with material deleveraging, while retaining ownership and operation of its locations under a consensual plan achieved following lengthy and significant negotiations with secured creditors, various landlords, and the franchisee. http://sarasota.jiffylube.com/; http://tinyurl.com/jiffylubearticle; The firm’s representation of South Bay Lube was headed up by Edward Peterson and Stephen Leslie.