Jeffrey Craig Toole's Legal Cases (4)

Chapter 11 bankruptcy

Business Reorganization in Chapter 11

N/A

OUTCOME: Preservation of company's business as a going concern and confirmation of Chapter 11 plan

When an impasse occurred with a lender, Jeff navigated the corporate client through a hotly-contested bankruptcy reorganization, convincing the court to approve the client's use of lender's cash collat ... eral to maintain operations, and ultimately confirming a Chapter 11 plan under which the client's business was sold as a going concern, maximizing recoveries for its creditors, preserving all of its employees' jobs, and enabling the business to continue.

Litigation

Receivership

N/A

OUTCOME: Maximized client lender's recovery from assets of a continuing care retirement community via a state court receiver sale "free and clear of liens."

In a state court foreclosure action against a continuing care retirement community (CCRC), Jeff devised a strategy and procedure for the receiver to operate the CCRC during the case in order to care fo ... r its residents and preserve its going concern value, and then obtained the court's approval for the receiver to sell the CCRC "free and clear of liens" as a going concern, eliminating subordinate liens and recovering more than $20 million for his mortgagee bank client and its participant lender.

Litigation

Lender Liability Defense

N/A

OUTCOME: Obtained judgment vindicating regional bank and its affiliate against a borrower's $4.5 million "lender liability" claims, and then successfully defended that judgment on appeal.

Jeff obtained summary judgment in favor of a regional bank and its affiliate mezzanine lender, both of which had been sued by a disgruntled debtor/borrower seeking $4.5 million in damages for alleged f ... raud, breach of fiduciary duty, civil conspiracy, and other lender liability claims, and then successfully defended that judgment on appeal, vindicating both lender clients.

Chapter 11 bankruptcy

Chapter 11 Bankruptcy

N/A

OUTCOME: Convinced bankruptcy court to dismiss two affiliated real estate debtors' cases for a lack of reasonable probability of reorganizing successfully and other failings.

On behalf of a mortgagee client, Jeff convinced the bankruptcy court to dismiss two affiliated real estate debtors' Chapter 11 cases for a number of reasons, including prejudicial delay in the cases, f ... ailure to propose viable Chapter 11 plans, and lack of a reasonable probability of successfully reorganizing in bankruptcy, enabling his client to enforce its rights and remedies against both debtors in state court.

Transform legal challenges into solutions.

Connect now to review your situation.

The Avvo Rating explained

The Avvo Rating explained