Bruce Weiner Saves Valuable Park Slope Properties From Foreclosure

In a recent, complex bankruptcy case; Brooklyn NY foreclosure attorneys Bruce Weiner developed a Chapter 11 plan for a local real estate investor that was confirmed in bankruptcy court. The plan resulted in a win-win situation for the creditors, the debtor and a new joint venture partner. The case involved multiple parcels of real estate worth between $12-15 Million. At the time the bankruptcy case was filed, the properties were in foreclosure, there was a referee running the properties and things were in a bit of a mess. Mr. Weiner was able to stop the foreclosure, get his client back in control of the properties and ultimately, the client was able to reorganize by finding a joint venture partner to come in and pay all of the creditors. As a result, the client is able to retain one of the properties completely, and a 50% ownership in the others.

Rosenberg, Musso & Weiner, L.L.P
26 Court St # 2211
Brooklyn, NY 11242, USA
718-855-6840
http://nybankruptcy.net/

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