777 Partners has won a venue fight in bankruptcy court after a Florida judge moved the involuntary Chapter 7 liquidation case against the Miami-based investment firm to Texas. U.S. Bankruptcy Judge Peter D. Russin transferred the proceedings to Dallas, clearing the way for 777 Partners to access $8.6 million in debtor-in-possession financing while its restructuring moves ahead alongside a separate Chapter 11 case in Texas.
The ruling covers an involuntary Chapter 7 filed by creditors in Florida last month. 777 Partners had sought to keep the case with its voluntary Chapter 11 proceedings in Texas, arguing that the company had been managed from there for years. The court accepted that venue position, removing a dispute that could have complicated financing and affected the pace of the restructuring and liquidation process.
The transfer also aligns the involuntary case with the broader bankruptcy process already under way in Texas. 777 Partners remains tied to aviation and other assets, and the venue move means the liquidation fight will now proceed in the same jurisdiction as the firm’s Chapter 11 restructuring.