Freeborn & Peters LLP has been selected to represent the Official Committee of Unsecured Creditors of Total Finance Investment Inc. In this capacity, partners Shelly A. DeRousse, Devon J. Eggert and Elizabeth L. Janczak, will be advising the creditors’ committee in the chapter 11 bankruptcy cases of Total Finance Investment and six affiliated companies in Chicago, Illinois.
The privately held Total Finance Investment and its affiliates operated the largest chain used car dealerships in the Chicago area, offering financing under the buy-here, pay-here model. Total Finance Investment intends to use the bankruptcy process for an orderly liquidation of their auto dealership business and a transfer of servicing of the loan portfolio. Freeborn will be advising the committee with respect to that liquidation, among other issues. Freeborn has one of the most experienced and well respected creditors’ committee practices in middle market commercial bankruptcy cases.