In re Kamell
Jan 01, 2011OUTCOME: Plan confirmed
In 2011, the firm was successful in stripping nearly $2,000,000 of liens off debtor’s rental oceanfront property in Newport Beach, California. After Bankruptcy Judge Theodor C. Albert denied confirmati ... on of debtor’s Chapter 11 plan through a published decision finding that the absolute priority rule applied in individual Chapter 11 cases, the firm was successful in confirming a “New Value” plan over the strenuous objection of JPMorgan Chase Bank
