(818) 382-6200

Chapter 11 Case Study: Cypress Manufacturing

The Situation The management of Cypress Manufacturing, LLC came to Greenberg & Bass with a familiar problem.  The owners had paid too much for the business and sales revenues had plummeted in the recession.  With bank debt at an unacceptable level and trade...

Chapter 11 as a Business Strategy

Situation For more than 50 years, Jackson Corporation manufactured high quality door hardware for sale to the aluminum and tempered glass industry. Within the industry, the company’s products were generally recognized at the high end of the market and its...

Chapter 11 Process: A Three-Act Production

Filing Chapter 11 can be a viable option for many troubled businesses.  Thinking about the Chapter 11 process as a three-act play can help shed light on what to expect before making the decision to file. Act 1:  “I think we have a problem!” The painful reality of this...

Mortgage Deficiency Judgments Harder to Obtain

 The Great Recession has generated property foreclosures at rates that could never be imagined. Loan modification is more myth than reality despite Federal efforts to endorse the practice. Many borrowers cannot withstand the underwriting of mortgage loans that should...

Dodger Chapter 11 Filing Short-Circuits CA Court

The team is here.  The players are here.  The stadium is here.  The vendors are here.  The fans are mostly all here.  The history is here, but the Chapter 11 proceedings are elsewhere.  The Dodger bankruptcy case was filed in the State of Delaware, 2,705 miles away....