John Talbot Sant Jr.'s Legal Cases (3)

Chapter 11 bankruptcy

Substantial Reduction of Construction Company's Debt Through Chapter 11 Bankruptcy

N/A

OUTCOME:

We negotiated and confirmed a consensual plan of reorganization that substantially reduced the Company's debt, allowing it to remain in business, preserving its employees' jobs. Elimination of booked p ... rojects (through no fault of the company) had reduced cash flow, causing missed payments to union funds and other creditors and mounting fees and penalties. Knowing the Company's "rights" under the Bankruptcy Code, as well as its creditors, and taking a practical approach, we successfully negotiated repayment of reduced claims over time, enabling the company to stay in business.

Chapter 11 bankruptcy

Stopped Foreclosure and Sold Real Estate at Fair Market Price in Chapter 11

N/A

OUTCOME:

We filed a Chapter 11 Bankruptcy, stopping a foreclosure sale of real estate, following a buyer's failure to close. We were able to continue to market the property and later obtained Bankruptcy Court a ... pproval of a sale of the property, as well as of a settlement with the original potential buyer that did not close, paying claims of various creditors with the sale and settlement proceeds.

Chapter 11 bankruptcy

Preservation of Equity in Residential Housing Units Through Chapter 11 Filing and Settlement

N/A

OUTCOME:

We filed a Chapter 11 Bankruptcy Case to stop a foreclosure sale of an apartment building at a price that would have left a large deficiency claim that could have caused a second set of apartments to b ... e foreclosed, resulting in the owner's loss of value of the apartments. We settled the matter with the secured lender in the first days of the case, limiting the amount of the deficiency claim from sale of the apartment building and preventing foreclosure against the second set of apartments.

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