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.