Counsel to Unsecured Creditors Committee in Airline Bankruptcy

Unsecured Creditors Committee of Atlas Air, Inc.
Representation of the Unsecured Creditors Committee in Atlas Air, Inc., which resulted in unsecured creditors obtaining majority ownership of the reorganized debtor in one of the fastest reorganizations nationwide for a company of its size.
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Scott L. Baena

Scott L. Baena

Senior Special Counsel
Jay M. Sakalo

Jay M. Sakalo

Partner, Business Finance & Restructuring and Corporate Practice Group Leader
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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...
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Successful representation of California bank in complex mortgage foreclosure debt recovery action through state court and bankruptcy court in the Southern District of Florida, which resulted in the criminal indictment of the borrower´s principal for bank fraud.
Experience

Debtors' counsel to Fontainebleau Las Vegas Holdings, LLC, and two of its affiliates in their chapter 11 cases in the Southern District of Florida. The debtors had over $2 billion of funded debt, had used $500 million of equity, and were prosecuting claims for $800 million in unpaid additional fi...

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