Results in Representative Bankruptcy Matters
Many clients who consult the firm about troubled loans
do not end up in a bankruptcy proceeding or other public
resolution of their financial difficulties. Accordingly, it is difficult
to provide a truly representative sampling of the firm’s clients.
However, the following are examples of the clients that the firm has
recently represented in public proceedings.
The firm assisted the debtor, a multi-million
dollar recreational vehicle retailer, in confirming and implementing a
plan of liquidation that involved the controlled liquidation of its
inventory and real property.
Cary Forrester served as Chapter 11 Trustee for
this publicly traded company and later served as liquidating trustee. In
conjunction with the official committee of unsecured creditors he
assisted in formulating, confirming and implementing a plan of
liquidation. In his capacity as liquidating trustee, he oversaw the
prosecution of a lawsuit against certain former officers and directors
that resulted in a favorable settlement which significantly enhanced the
return to unsecured creditors.
The firm assisted the court-appointed receiver in
reviewing, analyzing, prosecuting and settling claims against certain insiders,
which resulted in a multi-million dollar recovery for the receivership estates,
and has continued to assist the receiver in managing the liquidating the
The firm assisted the Chapter 11 Trustee, Mark Roberts
of Alvarez and Marsal, in formulating and confirming a plan of
reorganization for a Phoenix car wash chain.
The firm assisted the second largest investor in
Mortgages Ltd., a failed billion-dollar mortgage lender, in protecting
his interests in the bankruptcy case, including successfully defending
his ownership of millions of dollars in fractional loan interests.
The firm assisted the debtor, a multi-million dollar
publicly traded company, in formulating, confirming and implementing a
plan of reorganization. The consensual plan, proposed in conjunction
with the official committee of unsecured creditors, provided for the
payment in full of all claims and the retention of all equity ownership
The firm assisted the debtor, a multi-state,
publicly traded restaurant holding company, in formulating and
confirming a full-payment plan of reorganization.
The firm represented the Official Committee of
Unsecured Creditors in this reorganization case, which concluded with
the confirmation of a full-payment plan of reorganization.