Bankruptcy Litigation

About

Provided by Meland Budwick, P.A.

Meland Budwick is nationally recognized for representing a diverse array of clients in complex, large-scale bankruptcy and business reorganization matters.The firm represents trustees, debtors, creditor committees, and creditors in cases under Chapters 7 and 11.

 Work highlights:

●Serves as trustee’s litigation counsel for the largest Ponzi in the E.D. of California. The firm secured seven and eight figure recoveries from banks, professionals, participants, and clawback targets. The firm is prosecuting a nine-figure claim against an AmLaw 100 firm.

●Represents the trustee for Palm Beach Finance, a $650 million victim of the Petters Ponzi. The firm recovered $225 million, including $49 million from GE Capital, one of the largest tort recoveries against a financial institution for its alleged joinder in a Ponzi.

●Serves as litigation oversight counsel to the trustee for Petters Company, Inc., pending in Minneapolis involving the third largest Ponzi in the U.S. The firm helped pursue over $750 million in clawbacks and served as co-counsel against JPMorgan obtaining a $30.7 million recovery.

●The firm advised the secured creditors in the Chapter 11 of a multiple location provider of treatment for acute trauma and accident-related injuries.

●The firm confirmed a Chapter 11 plan for IT’SUGAR, LLC, a specialty candy retailer with100 locations in 28 states.

●Represents GameTime in a Chapter 11 reorganization enabling the company to retain all locations and pay creditors in full.