City of Palms Classic enters 50th year in Fort Myers

BY MIKE DAL LAGO Guest Columnist

Under Section 1191(b) of the Bankruptcy Code, the Court will approve the Plan over the objections of Mean Bank and Mean Landlord if “the plan does not discriminate unfairly and is fair and equitable.” In practice this means if Lisa’s Pizza is an honest Debtor and can only afford $1,000 per month, the Court will confirm the Plan. When this happens, Lisa’s Pizza will be deemed a Reorganized Debtor and will continue to operate subject to fulfilling its obligations under the Plan. It has successfully “crammed down” a settlement on Mean Bank and Mean Landlord.

Of course, there is much more detail involved in this process, and perhaps I will write a follow up article to discuss what Lisa, the individual, will need to do about her personal guaranties. But there is one constant theme that has emerged since the enactment of Subchapter V: Mean Bank and Mean Landlord should have taken the $50,000 that was initially offered to them by Lisa’s Pizza.

Mike Dal Lago is the founder and managing partner of Dal Lago Law, a leading Business Law and Business Bankruptcy law firm in Naples, with 22 years of experience in insolvency matters. Contact Mike@dallagolaw. com.

The City of Palms Classic, held annually in Fort Myers, is a basketball tournament that showcases the best high school talent from around the Nation. This prestigious event is entering its 50th Anniversary tournament with more exciting talent than ever. This tournament offers an array of exciting events and highlights for basketball enthusiasts.

One thrilling aspect is the North Law Firm 3-Point Shootout and the Edison National Bank Slam Dunk Contest, where top athletes compete to showcase their sharp shooting and gravitydefying skills. Spectators are left in awe as these young prodigies execute jawdropping dunks that push the boundaries of athleticism.

Moreover, fans can witness intense matchups between powerhouse teams that bring together future college and NBA stars. The tournament’s rich history boasts legendary players like Jayson Tatum, Austin Rivers and Ben Simmons, just to name a few, who have graced its courts before achieving stardom. Additionally, attendees have the opportunity to engage with their favorite players through autographs and meet-and-greets.

The nonprofit organization, Classic Basketball, has been providing this experience for locals and basketball enthusiasts across the nation for 50 years. With the continued support of the SWFL community, this event will be able to provide the entertainment that remains such an integral part of the American basketball culture.

The 50th Anniversary City of Palms Classic tournament will take place December 18-23, 2023, at Suncoast Credit Union Arena located on the campus of Florida Southwestern State College. Visit cityofpalmsclassic.com or @ cityofpalmsclassic.

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Volunteer Florida receives over $25 million in federal and state funding to support efforts to expand national service, promote disaster resiliency and advocate for volunteerism in Florida. The agency is guided by a bipartisan board of Commissioners appointed by the Governor and confirmed by the Florida Senate.

After Hurricane Andrew hit Florida in 1992, Volunteer Florida evolved to serve as the state’s lead agency for mobilizing volunteers and coordinating donations before, during and after disasters. The Volunteer Florida Foundation also manages the Florida Disaster Fund, the official fund for aiding Florida’s communities after disasters.

The commission serves as an advisory board to the Governor and Cabinet, the Legislature and appropriate state agencies and entities on matters relating to volunteerism and community service.

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