Yesterday, Iron Bridge Tools, Inc., a full-service design, development, and distribution company serving the consumer and professional hand-tool market, filed for Chapter 11 bankruptcy protection in Fort Lauderdale (Case No. 16-17505-RBR).

tool belt

Among the 20 largest creditors are ZheJiang Everpower ($9,885,335.75), Everpower Group Co., Ltd. ($2,800,000), Meridian Int’l Co. ($1,274,057.43), True Value ($490,805.42), Retract-A-Bit ($396,658.22),

$100 piggy

Since my April 8th blog post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), filed his proposed First Amended Plan and Disclosure Statement.  The deadline for creditors and parties-in-interest to object to Jackson’s Disclosure Statement is April 27th, followed by a May 18th hearing on approval.

Jackson’s Plan proposes to allow 

sunglass piggy

Since my February post, Curtis James Jackson III, better known as rapper 50 Cent (“Jackson”), objected to the appointment of an examiner, along with Sleek Audio, LLC, Suntrust Bank and Lastonia Leviston (“Largest Creditors”) and filed his own disclosure statement and plan of reorganization.   According to representations made by Jackson’s counsel at the hearing,