Case Overview

Served as debtor's counsel for Chestnut Ridge Associates LLC, the owner of a Class A shopping center, in its chapter 11 case. After Chestnut's mortgage note came due and the mortgage lender proceeded with foreclosure, Chestnut filed the chapter 11 case to protect the substantial equity in the retail center. A Plan of Reorganization was confirmed, resulting in a sale of Chestnut, full payment to creditors, and a significant return to equity.