Lawyers for former Jacksonville Jaguars quarterback Mark Brunell expect a possible conclusion to his Chapter 11 bankruptcy reorganization by the end of September.
Asked when Brunell might expect confirmation of his case, attorney Michael Freed indicated that time frame Wednesday after a court proceeding.
“We would hope within 30 to 45 days,” said Freed, Florida managing partner for the Brennan, Manna & Diamond firm.
Brunell re-signed with the New York Jets as a backup quarterback.
At the proceeding Wednesday, U.S. Bankruptcy Judge Jerry Funk said the court would enter an order approving an amended disclosure statement provided that Brunell’s lawyers provide an addendum within 10 days to satisfy objections of the U.S. Trustee.
Funk said he would then schedule a hearing to approve that disclosure statement and a confirmation hearing at which the court would approve the reorganization plan.
Brunell filed for Chapter 11 reorganization on June 25, 2010, citing failed business partnerships related to real estate investments.
Brunell’s attorney, Robert Wilcox with Brennan, Manna & Diamond, said the objections were primarily technical. “We think we have agreements in principle with the major creditors,” he said.
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