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Debtor Representations
All Star Gas Corporation and Affiliates: national retail propane gas distribution business, comprised of
20 affiliated companies; successfully confirmed plan of reorganization under which company will continue as a going concern.
American Restaurant Group, Inc. and Affiliates:
KTBS served as special counsel to the debtors, a multi-state restaurant chain. When KTBS was retained, secured, unsecured and equity were engaged in plan-related litigation. KTBS initiated an informal mediation among the parties which resulted in substantial progress. Thereafter, KTBS prosecuted confirmation of a plan of reorganization notwithstanding the remaining opposition, which was overwhelmingly accepted by creditors and shareholders. KTBS' efforts enabled the company to emerge from chapter 11 several months after KTBS' employment and saved hundreds of thousands of dollars in legal and advisory fees.
Anacomp, Inc.:
document storage and information retrieval technology company; successfully
confirmed prepackaged chapter 11 plan in 57 days.
APX Holdings LLC and Affiliates: national package delivery and logistics company; successful wind-down of operation and liquidation of assets through chapter 11 bankruptcy cases.
Brotman Medical Center, Inc.:
owner and operator of a 420-bed licensed and accredited acute care hospital and related facilities in Culver City California currently pursuing confirmation of a structured recapitalization plan of reorganization; chapter 11 case is currently pending in Los Angeles, California.
Crescent Jewelers:
jewelry retailer; successful confirmation of plan of reorganization in which Harbinger Capital Partners Master Fund I, Ltd. and Friedman's Jewelers, Inc. invested in Crescent (which emerged as a going concern); this enabled Crescent to deliver a significant cash dividend to unsecured creditors. KTBS resolved a series of difficult disputed matters involving potential administrative liabilities and other matters and organized a formal mediation in which disputes between the unsecured creditors' committee and Harbinger/Friedman's were compromised under a consensual plan of reorganization.
Custom Food Products:
processor of custom and value added meat products; company's assets purchased as going concern by affiliate of Contrarian Funds, L.L.C.
Fountain View, Inc. and Affiliates:
Represented the debtors (owners and operators of approximately 50 skilled nursing facilities, a pharmacy business, and a therapy business) in connection with their chapter 11 cases in Los Angeles, California. A consensual plan providing for payment in full of all unsecured claims (with interest) and for retention of substantially all of the equity by the pre-bankruptcy shareholders was effectuated.
Frederick's of Hollywood and Affiliates:
retailers of innovative specialty apparel; successful confirmation
of chapter 11 plan of reorganization.
Guidance Software:
software development company; successful chapter 11 restructuring
and voluntary dismissal.
Hospital Partners of America, Inc. and Affiliates:
Investor that developed and provided management services to five hospitals that are co-owned with local physician investors.
Incomnet, Inc.:
reseller of long distance telephone services; successful development,
proposal and confirmation of a chapter 11 plan of reorganization
in eight months.
IndyMac Bancorp, Inc.:
KTBS is bankruptcy counsel to Alfred H. Siegel, the Chapter 7 Trustee of IndyMac Bancorp, Inc. ("Bancorp"), which is the holding company for IndyMac Bank, F.S.B. (the "Bank"). In July 2008, the Federal Deposit Insurance Corporation placed the Bank into federal conservatorship, and on July 31, 2008, Bancorp filed a petition for relief under chapter 7 of the Bankruptcy Code.
Lake at Las Vegas Joint Venture, LLC and Affiliates:
owner-developers of a 3,592-acre master-planned residential development and resort destination known as the Lake Las Vegas Resort located in Henderson, Nevada, approximately 20 miles east of the Las Vegas strip; chapter 11 cases are currently pending in Las Vegas, Nevada.
Matthews Studio Equipment Group, Hollywood
Rental Co. LLC, FourStar Inc., Matthews Studio Sales, Inc. (a/k/a
Olesen) and related entities: major
sellers, lessors, and outsourcers of production equipment for the
entertainment industry, including theatrical, motion picture and
television production; major sale transactions of going concern
operations negotiated, approved and consummated in chapter 11 cases.
National R.V. Holdings and National R.V.: The ninth largest manufacturer of “Class A” motor homes ("RVs") in the country just prior to filing bankruptcy; within days after the cases were commenced, successfully restarted operations in chapter 11 (which had terminated just prior to the bankruptcy filing) in order to "build-out" remaining work in progress into finished RVs; within the first four months of the cases, the Debtors marketed and sold their remaining built-out inventory and liquidated substantially all of their remaining personal property assets, and financed this orderly liquidation using cash collateral (as opposed to new borrowings in bankruptcy); and the cases were resolved through a joint chapter 11 plan (proposed by the debtors and the creditors' committee).
Outsource International And Affiliates:
temporary employment services; successfully preserved operations
for purposes of an orderly chapter 11 sale.
Pacific Gateway Exchange, Inc., International
Exchange Communications, Inc., Onyx Networks, Inc. and Affiliates:
international wholesaler of telecommunications services, retail
long distance reseller, and internet/co-location services provider;
successfully facilitated sales of telecommunications assets and
confirmed chapter 11 plan of liquidation.
Prime Matrix Wireless Communications:
retail reseller of cellular communications capacity; successfully
coordinated orderly sale of the company.
PureBeauty, Inc., et al.: retailer of beauty products and salon services; successfully preserved operations for purposes of an orderly chapter 11 sale of substantially all the assets within five weeks of the chapter 11 filing. A consensual chapter 11 plan was effectuated.
Ronco Corporation and its Affiliate: marketer of proprietary consumer products for the kitchen and home through infomercials, among other distribution channels; successfully preserved operations and going concern value pending a chapter 11 sale of substantially all assets to Marlin Equity Partners within six weeks of the chapter 11 filing.
Samuels Jewelers, Inc.:
Represented the debtor (one of the largest jewelry chains in the United States) in connection with its chapter 11 case in Wilmington, Delaware. A consensual chapter 11 plan was effectuated.
Steel Horse Automotive Accessories,
Inc. and Affiliates: designed, assembled,
imported, manufactured, and distributed automotive, after-market
appearance accessories for the United States light-truck market;
successfully preserved operations for purposes of orderly chapter
11 sales.
Sun World International, Inc. et al: leading producer of high value crops and one of California's largest vertically integrated agricultural concerns; company's assets sold as a going concern pursuant to unique auction structured by KTBS notwithstanding the prospect that the company's largest secured creditor would exercise credit bid rights; secured noteholders and continuing vendors received payment in full pursuant to sale transaction and consensual plan of reorganization. Sun World continues to operate as a going concern.
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