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Needed: Chapter 11 Counsel where PC has large judgment against him
I represented a judgment creditor once where the debtor had posted a bond. My client would not drop the demand one cent - he told me several times that he was earning 10% on this "investment" which is guaranteed because of the bond so why take less. We had to jump through a few hoops but eventually got every cent. Jon
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> Wouldn't that be non-dischargeable? Attachment of bond security interest would relate back. This creditor would also control - unless you have an impaired class, and even then.
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> Creditor would also file for relief - in this instance (cash bond as opposed to a residence) tough to beat, my humble opinion.
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> On another note WOW $6.5m for malicious prosecution that was then affirmed on appeal? May not be considered a "nice person and probably the type to illicit a Chapter 11 Trustee.
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> Good Luck, I thought you did 11s.
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> CS
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> Sent from my iPhone
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> On Nov 4, 2010, at 8:48 AM, "Kenneth Schwartz" wrote:
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> Former client (I represented him in various real estate matters) has asked me to assist him in procuring Chapter 11 counsel. His situation is that he lost a case wherein a $6.5 million malicious prosecution judgment was awarded against him. He put up a $8 million cash bond for appeal, and the appellate court affirmed the judgment yesterday.
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> His query is does he have any flexibility, or are there any advantages in an 11 vis-a-vis the judgment creditor?
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Hello,
I highly recommend Paul Shankman from the Law Offices of James Hinds, Jr.
21515 Hawthorne Boulevard
Suite 1150
Torrance, California
Phone: 310.316.0500
http://www.jhindslaw.com
Sincerely,
Donny Brand
BBlogo
Brand | Burris
3836 E. Anaheim St.
Long Beach, CA 90804
562.438.7500 T
562.438.8500 F
www.brandburris.com
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The post was migrated from Yahoo.
Former client (I represented him in various real estate matters) has asked me to assist him in procuring Chapter 11 counsel. His situation is that he lost a case wherein a $6.5 million malicious prosecution judgment was awarded against him. He put up a $8 million cash bond for appeal, and the appellate court affirmed the judgment yesterday.
His query is does he have any flexibility, or are there any advantages in an 11 vis-a-vis the judgment creditor?
The post was migrated from Yahoo.