Erin Energy Corporation and Official Committee of Unsecured Creditors (Bankr. S.D. tex)
N/AOUTCOME: Successfully objected to $13M administrative expense request and a written opinion was issued by the court on behalf of our client
Houston, TX
Chapter 11 bankruptcy Lawyer at Houston, TX
Practice Areas: Chapter 11 Bankruptcy, Chapter 7 Bankruptcy ... +2 more
OUTCOME: Successfully objected to $13M administrative expense request and a written opinion was issued by the court on behalf of our client
OUTCOME: Resolved 5-year litigation and settled claims of 60+ creditors through Chapter 11, Subchapter V
OUTCOME: Obtained confirmation of chapter 11 plan and successfully restructured debt of individuals whose income had been dramatically reduced due to the COVID-19 pandemic
OUTCOME: Obtained recovery of value after payment of creditors; successfully objected to claims of creditors; successfully objected a $408,000 claim asserted by a landlord; obtained dollar for dollar distribution for the benefit of our client
OUTCOME:
Successfully objected to: (a) $990,000 of secured claims (b) $565,000 of priority claims (c) $23,800,000 of unsecured claims, and recovered $314,432 from avoidance of preferences; over $9,000,000 recov ... ered for unsecured creditors; 14.5% dividend paid to unsecured creditors
OUTCOME: Represented an iconic Austin restaurant and obtained approved sale of operations and real property in connection with the chapter 11 case
OUTCOME: Successful $140,000,000 out-of-court debt restructuring
OUTCOME: Achieved dismissal of complaint against our client due to fraudulent transfer actions by the Trustee
OUTCOME: (i) received confirmation of plan (ii) sold $27 M in property (iii) successfully objected claims (iv) obtained orders disallowing $27 M of secured claims & $5.2 M of unsecured claims (v) matters referred to U.S. Attorney for criminal investigation