Western States Contracting v. Spilsbury
Sep 01, 2016OUTCOME: Decree of judicial foreclosure and a $15.164 million judgment against the guarantors.
I helped my client, RR Penga, LLC purchase a series of failed commercial loans with a face value in excess of $24 million, obtain a judgment foreclosing out more than 20 other junior creditors and mec ... hanics lien holders, obtain a $15,164,283.34 judgment against the guarantors, and conduct a sheriff's sale, resulting in a credit bid and RR Penga's control of the entire development project.
