Filing Alert: Brightline Chapter 11
Brightline Files Chapter 11 in District of New Jersey
FIHPNP LLC and its debtor affiliates⁽¹⁾, a Miami, FL-based operator of Brightline, a high-speed passenger train service connecting Miami and Orlando, filed for Chapter 11 protection on Sep. 24 in the U.S. Bankruptcy Court for the District of New Jersey.
The company reports $1 billion to $10 billion in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-20876.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
Chapter 11 Debtors
Top Unsecured Claims
Key Parties
Lead Counsel to Upstream Debtors and Co-Counsel to Downstream Debtors:
- Michael D. Sirota
Cole Schotz P.C.
Email: msirota@coleschotz.com
Lead Counsel to Downstream Debtors and Co-Counsel to Upstream Debtors:
- Skadden, Arps, Slate, Meagher & Flom LLP
Investment Banker:
- Perella Weinberg Partners LP
- Houlihan Lokey, Inc.
Financial Advisor:
- Alvarez & Marsal North America, LLC
Signatories:
- Kolleen O.P. Cobb – Authorized Officer
Claims Agent:
- Stretto, Inc.
Equity Security Holders:
- FIHPNP2 LLC – 100% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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