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.
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Representation of the Official Committee of Unsecured Creditors in the chapter 11 case of New River Boat Club d/b/a New River Marina, an operator of a boatyard and marina on the New River in Fort Lauderdale, Florida. This case is the third in a series of marina-related bankruptcies filed by the prin...
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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.
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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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