Metronomic Holdings has Chapter 7 trustee appointed to case

By Sarah Lizee

Olympia, Wash., Jan. 25 – The court overseeing Metronomic Holdings, LLC’s Chapter 7 bankruptcy case appointed Robert Angueira to act as Chapter 7 trustee, according to a notice filed Monday.

As previously reported, the U.S. Bankruptcy Court for the Southern District of Florida converted the case from Chapter 11 on Friday.

The company had said in its motion that, having disposed of its assets and pursued causes of action, it does not anticipate any future cashflow.

“The primary purpose of this Chapter 11 case was to pursue certain causes of action and liquidate certain parcels of real property, and the debtor respectfully submits that, in light of its successful accomplishment of those goals, which were being pursued alongside an effort to formulate a plan of reorganization and potentially resume construction, there remains nothing left to accomplish in Chapter 11 that cannot be accomplished in Chapter 7,” the company said in its motion.

Metronomic is a Coral Gables, Fla.-based sustainable real estate developer. The company filed Chapter 11 bankruptcy on Sept. 23, 2020 under case number 20-20310.

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