Representation of debtor in possession in the chapter 11 case of Cabi Downtown LLC, the owner of an 849-unit condominium project owing over $250 million to a bank consortium, defaulting unit purchasers, trade creditors, and its general contractor. The case was the first large condominium filing i...
Counsel to Consorcio Internacional SA de CV, the largest unsecured trade creditor in the Evans Products chapter 11 case, which was filed in New Orleans, Louisiana. Evans Products was the largest manufacturer of steel drums in the Southeastern United States. On behalf of our client, we aggressively opposed management's efforts to sell the debtor's business for less than market value to an insider and participated in negotiating the Asset Purchase Agreement with the successful bidder, resulting in a four-fold increase in the distribution to unsecured creditors.
Representation of the Official Committee of Unsecured Creditors in the chapter 11 case of Poinciana Development, a developer of more than 500 single family homes in Southwest Miami-Dade County, Florida, who ran out of construction financing and was unable complete the development of the last 34 home...
Handled billions of dollars in distressed debt related to modifications, extensions, forbearances, discounted payoffs, and deeds in lieu of foreclosure.