In re DEA Brothers Sisters LLC; 21-10608-ES; Central District of California
Aug 03, 2022OUTCOME: My client's Chapter 11 case was successfully confirmed with a huge principal reduction on the multi-tenant shopping center and the competing creditor's plan was dismissed.
I successfully confirmed my client's Chapter 11 case so that it was able to retain its multi-tenant shopping center in Carson, California while reducing its existing 1st mortgage by $500,000. , convert ... ing the IRS and FTB liens to unsecured debts, and converting a third party's 2nd loan to an unsecured debt. At the same time, I convinced the Court to dismiss the primary creditor's competing Chapter 11 Plan altogether. This case was a total victory in favor of my client.
