Recent Bankruptcy Successes

Chapter 11 Plan Confirmed Reducing Principal and Interest

Los Angeles Bankruptcy Attorney Michael H. Raichelson obtained confirmation of a Chapter 11 bankruptcy involving several income producing properties. The debtors in this Chapter 11 bankruptcy hired Law Offices of Michael H. Raichelson, a bankruptcy firm near Los Angeles, to replace their then attorney because he failed to provide them with adequate representation for almost a year.

During the bankruptcy process, Michael H. Raichelson obtained agreements from lenders and/or court orders reducing the interest rates on at least six loans secured by real property to between five percent and five and one-half percent. Also, he obtained reductions (i.e., crammed down) in the principal balances on several real estate loans of one-half to one-third their original loan balances.

 

 

 

 

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The Law Offices of Michael H. Raichelson is located in Calabasas, California, and serves clients in and around Woodland Hills, Wilmington, Harbor City, Carson, Torrance, San Pedro, Long Beach, Compton, Ventura, Gardena, and Los Angeles County.

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