Practice Area:Bankruptcy / Chapter 11
Outcome:. In less than 120 days, John was able to effectuate a sec. 363 sale of the team's assets and confirm a liquidating plan under Ch. 11 that enabled the team to play minor league baseball in the 2005 season.
Description:The Florence Freedom, a minor league baseball team franchised in the Independent Frontier League, was unable to complete construction of its stadium. The stadium was besieged with multiple mechanic's liens and a stadium lease with with the City of Florence, Ky.