John Joseph Stockdale

John Joseph Stockdale's Legal Cases (14)

Bloomfield Hills, MI

Chapter 11 bankruptcy Lawyer at Bloomfield Hills, MI

Practice Areas: Chapter 11 Bankruptcy, Business ... +2 more

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Chapter 7 bankruptcy

In re Residential Builder

Aug 23, 2012

OUTCOME: Order of discharge granted

John Stockdale, Jr. represented a local residential builder in a chapter 7 bankruptcy case. The case involved consideration of the builder’s divorce as well as negotiation with building subcontractors ... and materialmen over alleged violations of the Michigan Builders Trust Fund Act. As a result of the planning and negotiation, the Debtor received his chapter 7 discharge, allowing this builder the breathing room to restart his business.

Chapter 11 bankruptcy

In re Bing Construction Company

Apr 10, 2012

OUTCOME: Chapter 11 plan confirmed

John J. Stockdale, Jr. assisted an Oakland County residential builder wind-down its operations through a liquidating chapter 11 after its principal’s death. John assisted the Debtor with shedding its ... unprofitable building contracts and worked with the building trades and property owners to complete other construction projects. John worked with the Debtor, its financial adviser (McTevia & Associates), and the unsecured creditors committee to propose and confirm a liquidating plan over the objection of materialmen and subcontractors, which included allegations of fraud and breach of the Michigan Builders Trust Fund Act.

Chapter 11 bankruptcy

In re Small Plates Detroit, LLC

Mar 26, 2012

OUTCOME: Sale completed

John J. Stockdale, Jr. completed the sale of a local Detroit restaurant’s assets, including its liquor license, free and clear of substantial tax liens and other secured obligations through the chapter ... 11 process. John negotiated with the secured creditors and taxing authorities to transfer the restaurant assets to the buyer through the Chapter 11 process and then dismiss the bankruptcy case without filing a plan of reorganization. The case was not without its difficulties: John worked diligently to keep the transaction together while the liquor license transfer process lingered and overcame issues related to leased property and plan filing. Despite the difficulties, a great result was obtained, allowing the landmark business to continue operating during the sale process saving many local Detroit jobs.

Chapter 7 bankruptcy

In re Oil Change Business Owner

Jan 06, 2012

OUTCOME: Dismissed

An equipment creditor sought to deny a debtor-business owner a chapter 7 discharge on the basis that the Debtor undervalued several business interests in his bankruptcy petition. The creditor claimed ... that the alleged undervaluations were fraudulent statements made in connection with the bankruptcy case. Mr. Stockdale, who has significant valuation and bankruptcy experience, vigorously fought the creditor, including filing a motion to dismiss the complaint. As a result of Mr. Stockdale’s efforts, the creditor agreed to voluntarily dismiss its nondischargeability lawsuit against the Debtor.

Debt collection

Nursing Home v Former Resident's Spouse

Sep 26, 2011

OUTCOME: Settled and voluntarily dismissed

A nursing home filed suit against the wife of a former resident to collect the debt incurred by the former resident. Mr. Stockdale prepared a motion for summary disposition on the basis that nursing h ... ome’s contract did not, as alleged, contain the wife’s personal guarantee and shared the motion with the nursing home. As a result of the arguments contained in the unfiled motion, Mr. Stockdale negotiated a dismissal of the lawsuit against the wife, which contained a full and complete release from the nursing home to the wife. The release was significant because it prohibited the nursing home from, among other things, seeking to recover from the wife any money or property that the former resident may have transferred to the wife.

Chapter 11 bankruptcy

In re Metals in Time, Inc.

Mar 22, 2011

OUTCOME: Plan of Reorganization confirmed

As debtor's counsel in this chapter 11 case involving a high-end, single-location, retail jewelry business, Mr. Stockdale successfully achieved a consentual plan of reorganization resulting in the sal ... e of the debtor's business. In doing so, Mr. Stockdale successfully resolved various issues relating to sellers and consignors of goods.

Chapter 7 bankruptcy

In re Accounting Professional

Jan 14, 2011

OUTCOME: Discharge Granted

Mr. Stockdale obtained a chapter 7 discharge for a 50-percent owner of an accounting practice. This case involved a business with a complex compensation structure, including shareholder loans, where th ... e non-debtor shareholder was related to the debtor.

Debt collection

Credit Card Processing Company v. Defunct Professional Practice and Professional

Dec 07, 2010

OUTCOME: Settled

The plaintiff sought $26,000 in damages for Defendants' alleged failure to pay as required by a contract. Mr. Stockdale argued at case evaluation, a mandatory mediation process, that the contract faile ... d to provide any language supporting a finding of personal liability against the sole shareholder for the debts of the medical practice. Based on Mr. Stockdale's argument, the case evaluators valued the Plaintiff's claims against his clients at only $1,000 – less than the attorneys' fees which would have been necessary to resolve the case in court. The plaintiff accepted the evaluation, resolving the case in favor of the medical practice and its sole shareholder for a nominal amount.

Chapter 7 bankruptcy

In re Cat Lovers

Dec 07, 2010

OUTCOME: Discharge Granted and Case Closed

Successfully obtained Chapter 7 bankruptcy discharge for married couple that kept separate households in different counties and who had run up considerable credit card debt maintaining their many cats. ... This matter involved managing several district court suits regarding the credit cards during the run up to bankruptcy and complex jurisdictional questions.

Chapter 7 bankruptcy

In re Former Automotive Executive

Jun 29, 2010

OUTCOME: Discharge Ordered and case closed

Successfully obtained a chapter 7 discharge for a former executive of an automobile supplier. This individual made well over six figures while employed with the supplier and owed substantial sum ... s to the now-bankrupt supplier and various other creditors. This engagement involved significant bankruptcy planning including the structure, formation, and operation of a consulting business; negotiation with various mortgage holders of several properties; and the resolution of various state court collections actions.

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