Financial Services Team Retained in 12 Million Dollar Case

The financial services team was retained to represent the interest of a secured lender holding a $12,218,000 loan secured by a series of cranes and crane parts. The debtor filed for bankruptcy protection in a Chapter 11 reorganization.  The lender objected to the plan of reorganization and a liquidation sale of the identified collateral was conducted, playing down a portion of the loan obligation. State court collection actions were filed against the guarantors and over opposition, judgments were entered on the deficiency balance due.  The defendant appealed and the award below was upheld.  Collection efforts continued on the obligation and additional funds have been recovered after obtaining charging orders from the court upon a series of limited liability companies.

Miami-Dade: 301 Arthur Godfrey Road | Penthouse | Miami Beach, Florida 33140 | Tel: 305-358-0050 | Fax: 305-358-0550
Broward: 1200 Weston Road | Penthouse | Weston, Florida 33326 | Tel: 954-335-1010 | Fax: 954-335-1017

© 2022 Mitrani, Rynor, Adamsky & Toland, P.A.. All Rights Reserved. | Sitemap | Legal | Law Firm Essentials by PaperStreet Web Design
Contact Us