News & Insights

Chapter 11 Bankruptcy Liquidation Plan

24 May 2005

The firm had success in a complicated chapter 11 bankruptcy involving a client borrower, which owned a portfolio of real estate, including office buildings, grocery stores and urban entertainment centers located in several states, valued at more than $300 million. This Spring, we confirmed a liquidation plan in which the client received back the properties that served as its collateral, through a grantor liquidating trust. Earlier this week, after difficult and protracted negotiations, Team Freeborn, lead by Jordan Peters, closed a complex transaction to sell the portfolio. Jordan was assisted by Jim Gray and Joel Cooper; Steve Hartmann and Aren Fairchild worked on the bankruptcy.

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