In re Hoskins Enterprises, Inc., Case No. 1:11-bk-15148-GM
N/AOUTCOME: Confirmed Chapter 11 Plan of Reorganization
A corporate bankruptcy case for a company in the business of providing adult day care services for mentally disabled adults.
Los Angeles, CA
Chapter 11 bankruptcy Lawyer at Los Angeles, CA
Practice Areas: Chapter 11 Bankruptcy, Bankruptcy & Debt ... +6 more
OUTCOME: Confirmed Chapter 11 Plan of Reorganization
A corporate bankruptcy case for a company in the business of providing adult day care services for mentally disabled adults.
OUTCOME: Confirmed Chapter 11 Plan of Reorganization
This case involved the successful reorganization of debtor’s six multi-unit apartment building rental properties. The debtor came to my firm after filing three prior unsuccessful Chapter 11 bankruptcie ... s with two different attorneys. Filing the debtor’s fourth Chapter 11 bankruptcy, we successfully overcame a 180-day bar. We then brought and prevailed on six valuation motions that reduced the amount of the secured first lien on all six rental properties, and completely stripped off the second liens on properties that had seconds, thereby rendering them completely unsecured. The plan treatment of unsecured creditors paid out seven cents on the dollar for 5 years.
OUTCOME: Confirmed Chapter 11 Plan of Reorganization
OUTCOME: Confirmed Chapter 11 Plan of Reorganization
Consolidated with Cal Pinnacle Properties, LLC, Case No. 8:11-bk-17014-ES
OUTCOME: Disclosure Statement approved
OUTCOME: Disclosure Statement approved
OUTCOME: Confirmed Corporate Chapter 11 Plan of Reorganization
On October 1, 2013, I confirmed a plan of reorganization in a Corporate Chapter 11 Case entitled In re CDG Materials, Inc., Case No.: 6:12-bk-12935-MH. This case involved the successful reorganization ... of a corporation principally engaged in the business of manufacturing and selling various types and grades of gravel and sand. For over 28 years, the debtor was a well-known and trusted name within the construction community for its high-quality production of sand, gravel and crushed rock. I successfully negotiated plan treatment stipulations with the debtor’s main creditors and convinced all voting creditors to vote in favor of the plan. The plan was successfully confirmed, with general unsecured creditors receiving only 2.82% of the total amount of their debt.
OUTCOME: Confirmed Chapter 11 Plan of Reorganization
On May 5, 2014, I confirmed a plan of reorganization in a Chapter 11 Case entitled In re Ruth Hasson, Case No. 2:13-bk-15138-RK. When the Debtor filed, she wanted only one thing: to save her home from ... being lost in foreclosure. We saved her home. The day before the trustee sale, we filed a Chapter 11 petition. We stipulated to plan treatment with the lender that holds the First Deed of Trust on her home and settled her unsecured debts at a large discount, with payments to be made over 5 years. A Final Decree was entered on September 25, 2014.
OUTCOME: Confirmed Chapter 11 Plan of Reorganization
On October 28, 2014, I confirmed a plan of reorganization in a Chapter 11 case entitled In re Nabih Mansour and Mary Mansour, Case No. 2:12-bk-48622-RN. My firm substituted into this case on August 8, ... 2013. Debtors filed for bankruptcy when their finances became strained due to the economic downturn, resulting in them falling behind on their mortgage. Debtors’ filed a Chapter 11 bankruptcy to stop foreclosure proceedings initiated against them. Debtors were also faced with the costly burden of litigation in a construction defect state court case where Debtors’ were the plaintiffs in. In the bankruptcy, Debtors filed a Motion for Relief from Automatic Stay to permit the entire state court action to proceed to final disposition, which was heavily litigated from the date it commenced until approximately mid-2013, when Debtors’ reached a global settlement with all state court defendants but one, who refused to settle. Since Debtors’ bankruptcy could not go forward until a final disposition was reached in the state court case with all Defendants, I took it upon myself to meet with the non-settling creditor and his attorney, and refused to leave this settlement meeting until we reached an agreement. A full day later, a settlement agreement was reached, and in February 2014, the last remaining parties to the State Court Action entered into a Release and Settlement Agreement where Debtors’ were awarded $939,000.00 from defendants, which Debtors used to pay off their creditors, including back taxes owed to the IRS and a large arrearage on their home mortgage. Debtors were happy to keep their home and to finally have their state court construction case finally resolved in their favor.
OUTCOME: Confirmed Chapter 11 Plan of Reorganization
Mr. Roane is a successful, experienced general contractor that ran into problems on a construction project. Unanticipated costs and disputed change orders left him without the funds needed to complet ... e the project. His main creditor came after him, claiming a liability of $388,420.00. 47 other creditors, many related to the same project, had claims against him as well. His total unsecured debt was $677,230.32. All the claims were settled for 30.2 cents on the dollar payable over five years, and Mr. Roane got to keep all of his property.