Filing Alert: Signal National Chapter 11
Signal National LLC, a Houston, TX-based financial services company specializing in pre-settlement litigation funding and medical receivables financing, file...
Signal National LLC and its debtor affiliates⁽¹⁾, a Houston, TX-based financial services company specializing in pre-settlement litigation funding and medical receivables financing, filed for Chapter 11 protection on Aug. 9 in the U.S. Bankruptcy Court for the Northern District of Texas.
The company reports $100 thousand to $500 thousand (affiliates report assets of up to $10 million to $50 million) in assets and $1 million to $10 million (affiliates report liabilities of up to $1 billion to $10 billion) in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-90190.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
Chapter 11 Debtors
Top Unsecured Claims
Key Parties
Counsel:
- Jason S. Brookner
Gray Reed
Email: jbrookner@grayreed.com
Special Corporate and Litigation Counsel:
- Smith, Gambrell & Russell LLP
Financial Advisor/CRO:
- GlassRatner Advisory & Capital Group LLC (Mark Shapiro)
Signatories:
- Mark Shapiro – Chief Operating Officer
Claims Agent:
- Epiq Corporate Restructuring, LLC
Equity Security Holders:
- SMR LLC – 100% Equity Interest