Case Results

Case Results

FLP’s actions allow receiver to recover $1.1 million after appeal to 9th Circuit Court of Appeals

11/16/2017

Representing the receiver in a shareholder dispute, the receiver recovered $1.1 million after prevailing on appeal to the 9th Circuit Bankruptcy Appellate Panel and obtaining dismissal of appellant’s subsequent appeal to the 9th Circuit Court of Appeals. In re MBE Digital, 9th Cir. BAP Case No. CC-16-1121 and 9th Cir. Court of Appeals Case No. 16-60093.

Debtor’s Reorganization Plan Confirmed Over Creditor Objection

10/11/2017

On behalf of a judgment-debtor law firm in disputes with multiple creditors, FLP filed a Chapter 11 bankruptcy petition after the largest creditor obtained an assignment order against the law firm’s receivables which, if executed, would have caused the law firm to shut down. The bankruptcy afforded the client the time it needed to reorganize its affairs, resolve disputed claims, pay certain creditors over 60 months, and most importantly, to stay in business.

Bankruptcy Court Discharged the Debt

10/4/2017

Prior to our representation, a purchaser of a dental practice (“Purchaser”) won an arbitration award worth over $500,000 against the selling dentist (“Seller”). The arbitrator stated the Seller made material misrepresentations regarding the sale. The Seller filed bankruptcy and the Purchaser filed an adversary matter to prevent discharge of the award. The Seller retained our firm to represent him. We defended the Seller at trial. Notwithstanding that the arbitrator held the Seller made material misrepresentations, the bankruptcy court discharged the debt after it found that the Purchaser did not justifiably rely on the misrepresentations and that there was no evidence of intent to deceive.

Mediation Results in Settlement Discharging of 90% Student Loan Debt

9/30/2017

September 2017. FLP successfully negotiated a compromise on behalf of an individual Chapter 7 client seeking to discharge over $110,000 of student loan debt. Based on the client’s age and after documenting his medical issues and work limitations, we reached a settlement that allowed the client to avoid the expense and uncertainty of trial. Result: 90% reduction in principal payable over 5 years with no interest.

Entered Judgment in Favor of Debtor Defendants

9/4/2017

Represented debtor defendants in causes of action under 11 U.S.C. §§ 523(a)(4 & (a)(6), and 727(a)(2)(A) and (a)(3). After a two day trial, the Court held the plaintiff failed to prove his claims by a preponderance of evidence and entered judgment in favor of debtor defendants.

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