In re SAI, Inc.
Dec 09, 2013OUTCOME: Chapter 11 plan confirmed over the vigorous objection of the company's largest competitor, which was also a creditor
A family-owned construction services business was in danger of failure due to an unmanageable judgment. Although the judgment creditor opposed the company's reorganization and payment plan, a thought ... ful and focused strategy overcame the judgment creditor and resulted in the Bankruptcy Court confirming the company's reorganization plan. The company is now thriving, due in part to its debt having been made manageable through the chapter 11 process.
