In re State College Blvd. (Chapter 11 Case)
Apr 28, 2014OUTCOME: Case was successfully confirmed by Judge Theodor Albert in Orange County Bankruptcy Court before Judge Theodor Albert on 4/242014.
The substantial commercial bldg. in Anaheim, CA ($7.0 million) was subject to immediate foreclosure. I filed Chapter 11, procured an Order to allow the client to re-rent the premises at top of the mar ... ket rents, and then settled the case with the secured 1st loan. This settlement provided the client with a full 15 month period to either sell or refinance the property at a reduced loan balance.
