Plan Administrator of $175MM Chapter 11 Bankruptcy Estate
Strategic Plan, Asset Disposition, Claim Reconciliation
Served as a Plan Administrator to manage the Chapter 11 bankruptcy estate of Lawrence Kates (Western District of Washington; Case No. 09-10188-SJS), consisting of real property, technology and intellectual property assets exceeding $175 million in value.
OBJECTIVE:
Achieve a recovery for creditors.
ACTIONS:
Repositioned and sold properties; marketed and sold intellectual property and personal property; lead communications with Post-Confirmation Creditors Committee; managed claims; and made distributions to unsecured creditors.