Rocca vs. Bradley et al.
Jan 01, 2015OUTCOME: Successful Resolution
Shareholder derivative lawsuit against multi-million dollars closely held family company.
Bolingbrook, IL
Litigation Lawyer at Bolingbrook, IL
Practice Areas: Litigation, Construction & Development ... +3 more
OUTCOME: Successful Resolution
Shareholder derivative lawsuit against multi-million dollars closely held family company.
OUTCOME: Reorganization Plan confirmed
When Jeff's business failed, it left him with hundreds of thousands in potential liability. Most people in this situation need to liquidate in order to deal with the overwhelming debt, but under the ne ... w bankruptcy law Jeff earned too much from his day job to file for liquidation. Even worse, the huge amount of debt he amassed threatened to push him from a consumer reorganization into much more expensive and complex business reorganization. But after more than a year of work on his documentation, several hearings, and repeated discussions with the Trustee, we got the get the client's plan of consumer reorganization confirmed, saving him hundreds of thousands and improving his credit standing right away. stats original debt: over $500,000 final debt: less than $100,00 monthly payments: $1,300 plan length: 5 years
OUTCOME: Discharged
Our Client was drywall subcontractor with private and federal contracts (Pentagon, GAO, etc.). The Client was petitioned into involuntary Chapter 7 bankruptcy by its Union, Pension Fund, and the IRS. ... Following a lengthy process that included oral arguments and briefs on issues that were also before the U.S. Supreme Court, the Client's bankruptcy moved forward and the Client was discharged by he Trustee. In addition to representing the debtor, our office was able to collect on behalf of the bankruptcy estate from one of the general contractors that owed the debtor money for a federal project.