Counsel to Importer of Gourmet Italian Food Products in Post-Chapter 11 Proceedings
Engaged by a distributor of Italian food products following the confirmation of its plan of reorganization and disputes arose with the Creditors’ Trust, and with the secured lender. Strategic plan resulted in having the trustee replaced and defeating the community bank’s efforts to force a default that would have resulted in a foreclosure action. The bank’s second lien position was refinanced and its senior mortgage loan on the client’s real estate is performing in accordance with its terms.