Large Chapter 11 Cases
Represented twenty-seven affiliated hotel companies – with properties in eight states throughout the west – in one of the largest jointly administered Chapter 11 cases in Oregon. Confirmed a plan of reorganization that restructured nearly $200 million in secured debt, eliminated $25 million in yield maintenance premiums, default interest and late charges, and preserved intact the interests of equity holders.
Before filing a Chapter 11 case, we represented one of the largest privately owned chemical distribution companies in the West. We assisted the company in selling many of its branch locations prior to filing the Chapter 11 case, and then served as debtor’s counsel. The case resulted in payment in full of secured creditors and a distribution to unsecured creditors of approximately $15 million. As part of this case, we also handled 200 preference cases resulting in more than $4 million in collections.