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Hoffman, the manufacturer of "Hoffy" hot dogs, suffered from a myriad of environmental, regulatory and labor problems. We assisted the Creditors' Committee in negotiating an advantageous sale of Hoffman's operating assets. The company stayed in business, its suppliers continued to have a buyer, more than 150 employees remained on the job, and creditors received a dividend on their claims.
Howard & Phil's Western Wear was a multi-store retailer of western wear goods and accessories. The Creditors' Committee included all major western wear manufacturers. SulmeyerKupetz negotiated a reorganization plan that was projected to pay the unsecured creditors more than 50% of their claims over time.
Pan Pacific owned one of the last and largest fish canneries in the Western United States, located in the San Pedro/Terminal Island area. Just one year prior to chapter 11 filing, it had total sales of $90 million and employed more than 400 workers.
SulmeyerKupetz assisted in the negotiation of a difficult sale to industry leader Tri-Marine International, Inc. We structured the bidding procedures for the sale and were instrumental in the sale closing. Bidding started at $3.1 million and eventually reached $7.6 million. SulmeyerKupetz proposed and confirmed a plan of reorganization on behalf of the Creditors' Committee and installed a liquidating trustee who commenced appropriate avoidance actions.
Transgo, Inc. was a solvent business that nevertheless attempted to confirm a plan of reorganization which did not propose to pay creditors' claims in full. On behalf of the committee, SulmeyerKupetz opposed the debtor's plan, and convinced the bankruptcy court that the plan was unconfirmable on its face. After abandoning an appeal, the debtor proposed a plan acceptable to the committee that provided for full payment of unsecured claims, including payment of post-petition interest.
General Information
Attorney Profiles and E-Mail
Practice Descriptions
Representative Cases
Articles
Links
Directions
Home Page