Bankruptcy News

We've summarized the latest docket activity and news for publicly traded companies currently operating under U.S. Bankruptcy Court protection.

Bankruptcy/Chapter 11

Multimedia Platforms Worldwide Chapter 11 Petition Filed

Multimedia Platforms Worldwide and two affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Florida, lead case number 16-23603. The Company, which provides multimedia, technology and publishing services targeted at the LGBTQ demographic, is represented by Michael D. Seese of Seese, P.A. According to documents filed with the Court, "The actions of White Winston [Select Asset Funds, LLC] have caused substantial harm to the Debtor. In an effort to ameliorate the situation, the Debtor, MPW and New Frontiers resolved to seek Chapter 11 relief for the benefit of all creditors and parties in interest. The Debtor has devoted substantial time, effort and capital towards building its brand and creating a cutting edge media platform. The actions of White Winston will not stop the Debtor's efforts to continue providing the best in media and technology for the benefit of its shareholders, creditors and the LGBT community. The Debtor intends to seek affirmative relief, including, without limitation, filing an immediate action to avoid and recover certain preferential transfers made within ninety (90) days of the petition date."

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