Represent National Trust Company in Bankruptcy Cases
Represented a national trust company, which was the trustee under a mortgage funding trust, in several bankruptcy cases. We were hired on the eve of the deadline to object to confirmation of a joint plan that was not in the best interest of our client. After several days of contested confirmation hearings, and contested hearings to determine the precise language in the confirmation order, we fully protected the interests of our client. Subsequently, we represented our client in a contested hearing over whether a settlement, which was not in the best interest of our client, should be approved. The Court agreed with our arguments, and did not approve the settlement. Our client was able to negotiate a favorable settlement with the debtors regarding the allowance and payment of its claims, which were subject to pending litigation in state court.
