Skip to main content

Sale of Marina to Avoid Multimillion-Dollar Deficiency Against Guarantors

Cabi New River, LLC
Representation of Cabi New River, LLC, as debtor and debtor in possession in its chapter 11 reorganization. Cabi New River was the owner of a dry-stack marina, restaurant, and water taxi service operating on the New River in Fort Lauderdale. We negotiated with the secured lender for a consensual sale of the marina in chapter 11, thereby avoiding a multimillion-dollar deficiency claim against guarantors.
Related Practices
RELATED PEOPLE
MORE EXPERIENCE
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...

VIEW MORE EXPERIENCE