New Delaware Chapter 11 Filing – Patriot National, Inc.
Patriot National, Inc., a Fort Lauderdale, FL-based provider of technology and outsourcing solutions to the insurance industry, has, along with eighteen affiliates and subsidiaries, filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-10189). Patriot’s petition estimates both its assets and liabilities to be between $100–$500 million. According to the First Day Declaration, Patriot enters Chapter 11 having negotiated a restructuring support agreement and prepackaged plan of reorganization with its pre-petition secured lenders. The Disclosure Statement can be found here. Prime Clerk is the proposed claims and noticing agent. The cases have been assigned to the Honorable Kevin Gross.
Contact Norman L. Pernick or Nicholas J. Brannick for more information regarding this matter. Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.
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