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Michael Avanesian
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Michael Avanesian’s Legal Cases

6 total

  • In re: Steven Michael Mehr and Larissa Deshaviegh Mehr .: Case # 8:11-bk-12166-ES

    Practice Area:
    Chapter 11 Bankruptcy
    Outcome:
    Successfully negotiated down $120,000.00 in tax liabilities and drafted their plan of reorganization.
    Description:
    This was a personal Chapter 11 for joint, married Debtors. The primary assets of their estate was their primary residence and stock in two companies. The first company was a closely held corporation in the bail bonds industry and the second company was a holding company for six income producing rental properties. The case was filed on February 16, 2011. We had to consolidate this case with the Debtors' corporate bankruptcy case in order to save them money on duplicative fees and legal defenses. I was brought in to oversee the drafting of their plan of reorganization. I left the firm after we had negotiated a tax claim down by $120,000.00 but before final confirmation of the plan.
  • In re: Park Susan aka Hae Kyung Park & Kwong Park .: Case # 2:11-bk-28116-ER

    Practice Area:
    Chapter 11 Bankruptcy
    Outcome:
    Successfully drafted their plan of reorganization, final outcome is still pending.
    Description:
    This was a personal Chapter 11 for joint, married Debtors. The primary assets of their estate is a shopping center. I was brought in to oversee the drafting of their plan of reorganization. I left the firm after drafting of the plan of reorganization and significant negotiations between the Debtor and the primary lender had commenced but before final confirmation of the plan.
  • In re I & J Enterprises, Inc .: Case # 2:11-BK-48423-TD

    Practice Area:
    Chapter 11 Bankruptcy
    Date:
    Aug 31, 2012
    Outcome:
    Successfully dismissed the bankruptcy after the restaurant had reorganized.
    Description:
    This was a small business Chapter 11 bankruptcy for an Italian Restaurant. The restaurant had lost their liquor license because of unpaid taxes. On September 19, 2011, we filed for Chapter 11 bankruptcy protection. The first thing we did was force the franchise tax board to restore their liquor license so the restaurant could continue to operate. We then negotiated a reduced lease for the duration of the bankruptcy, so that the restaurant had the breathing room it needed to focus on generating income without problems from the landlord or the tax board. Ultimately, we bought the restaurant one full year to reorganize its debts, we reduced all non-tax debts to half of their face value, and we were successful in voluntarily dismissing the bankruptcy case.
  • In re Shahin Melamed .: Case No # 1:10-bk-23818-GM

    Practice Area:
    Chapter 11 Bankruptcy
    Date:
    Jun 29, 2012
    Outcome:
    This Chapter 11 Case was successfully confirmed.
    Description:
    This was a personal Chapter 11 for an individual Debtor. The Debtor was in bankruptcy for 16 months before he hired the firm I worked for. During that time, there was little or no progress on his case. I was assigned to the case soon thereafter and we were able to reduce his secured debt by $568,000.00 as the result of a half day evidentiary hearing before Judge Mund. In less than four months, we confirmed a plan of reorganization for him that resolved all of his problems and let him keep his home and all of his rental properties.
  • In Re Spadafore .: Case # 6:11-bk-45871-SC

    Practice Area:
    Chapter 11 Bankruptcy
    Outcome:
    Successfully drafted their plan of reorganization and negotiated settlements with all major lenders
    Description:
    This was a personal Chapter 11 for joint, married Debtors. The primary assets of the estate was their primary residence and two residential income properties. I was brought into the case to draft their plan of reorganization and I eventually took over the case. During the period that I was in charge of the case, I negotiated settlements with all the major lenders and drafted their plan.
  • In Re Hoskins Enterprises, Inc .: Case # 1:11-bk-15148-GM

    Practice Area:
    Chapter 11 Bankruptcy
    Date:
    Aug 24, 2012
    Outcome:
    This Chapter 11 Case was successfully confirmed.
    Description:
    This was a corporate bankruptcy case for a company in the business of providing adult day care services for mentally disabled adults. The primary assets of the company is its accounts receivables in the approximately amount of $120,000.00 per month. I was assigned to this case to fix errors in the Plan that were keeping the case from being confirmed. The case was subsequently confirmed on August 24, 2012.