Latest News
  2014 – Firm Continues to Represent Numerous Borrowers and Guarantors of Loans Collateralized by Real Estate
Although the problems confronting the real estate segment of Florida’s economy have eased somewhat, many real estate loans – including some that were renewed as a result of negotiations during the past five years - are maturing or are otherwise in default. Over the course of the “Great Recession,” Stichter Riedel has represented hundreds of owners of commercial real estate encumbered by billions of dollars of real estate loans, and the representation of such owners and guarantors continues to constitute a substantial part of the firm’s practice. Where possible, the firm continues to seek creative solutions that will maximize the value of the real estate holdings for the benefit of all parties while addressing the liquidity and cash flow issues that are frequently prevalent in these matters. In other cases, the firm assists borrowers and guarantors in resolving claims for deficiencies following the surrender of the property. The properties involved have included hotels and motels, office buildings, shopping centers and other retail properties, condominiums, apartment complexes, residential real estate developments, golf courses, marinas, warehouses, mobile home parks, RV parks, and continuing care retirement centers.
  Firm again Ranked Tier 1 in Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law in U.S. News 2015 “Best Law Firms” - November 2014
Stichter, Riedel has once again been ranked Tier 1 in Tampa for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law. The firm has been ranked in the first tier since the inception of the ranking. U.S. News Media Group and Best Lawyers base their rankings on a comprehensive analysis of law firms and lawyers. Eight of the firm's lawyers are individually listed in the 2014 edition of “Best Lawyers in America.”
  Barbara A. Hart to Participates in American Law Institute Panel Discussion - October 28, 2014
Barbara A. Hart will participate in a panel discussion for the American Law Institute on “Tips for Handling the Complex Real Estate Transaction” with co-panelists James W. Martin, Leslie Gladfelter, Bill Preston, Ed Lester and Jeff Shannon. Ms. Hart’s presentation will focus on complex real estate transactions in bankruptcy cases.
  Barbara A. Hart Participates in Panel Discussion for the TBBBA - September 2014
On September 9, 2014, shareholder Barbara A. Hart participated in the panel presentation on “Liquidation of Commercial Real Estate Leases and other Valuable Contract Rights in Bankruptcy” with co-panelists, The Honorable Catherine Peek McEwen, Roberta Colton, Ron Oxfal, Larry Hyman, and John Anthony.
  Eight Firm Lawyers Recognized in 2015 Edition of Best Lawyers in America – Aug 2014
Eight of the firm's eighteen lawyers are listed in the Bankruptcy Lawyers section of Best Lawyers in America in 2015, more than any other firm based in Tampa.
  Stichter Riedel Again Receives Highest Recognition in Chambers USA 2014 Guide - July 14, 2014
For the 12th consecutive year, the firm received a first tier rating for its bankruptcy and reorganization practice in Chambers USA 2014 America's Leading Business Lawyers. The firm is the only Tampa-based law firm that received the first tier ranking in the bankruptcy and insolvency practice area. In addition to recognition of the law firm, shareholders Don M. Stichter, Harley E. Riedel, Russell M. Blain, Stephen R. Leslie, Scott A. Stichter, Charles A. Postler, Edward J. Peterson, Elena Ketchum and Amy D. Harris received individual recognitions. London-based Chambers & Partners conducts research via telephone interviews with clients and with attorneys. The qualities on which the rankings are assessed include technical legal ability, professional conduct, client service, commercial awareness/astuteness, diligence, commitment, and other qualities most valued by the client.
  Florida Trend Magazine Names Seven Shareholders as Florida “Legal Elite” or “Up & Comers” - July 14, 2014
Five shareholders, Harley E. Riedel, Russell M. Blain, Elena Paras Ketchum, Edward J. Peterson, and Scott A. Stichter, were named to Florida Trend Magazine's 2014 list of "Florida Legal Elite." Shareholders Amy Denton Harris and Daniel R. Fogarty were named in the “Up & Comers” category recognizing lawyers under 40 years of age. In its Legal Elite list, Florida Trend Magazine recognizes less than 2% of all Florida Bar Members, based in large part upon the votes of attorneys and judges. No other Florida firm had more listed lawyers as “Legal Elite” than did Stichter Riedel in the specialty of “Bankruptcy and Workout Law,” making it the fifth consecutive year (2010 through 2014) that the firm has been ranked as first or tied for first in the number of Florida lawyers named in the “Bankruptcy and Workout” practice area.
  Edward J. Peterson III– Installed as President of Tampa Bay Bankruptcy Bar Association- June 5, 2014
Edward J. Peterson III was installed at the annual dinner of the TBBBA to serve as President of the Association for the 2014-2015 term. Mr. Peterson had previously served as Vice President of the Association. Scott A. Stichter will also continue to serve on the Board of Directors and was installed as Treasurer of the Association.
  Harley Riedel named in International Who's Who of Insolvency and Restructuring Lawyers – June 2014
Harley Riedel was one of three lawyers in the Middle District of Florida listed in the 2013 edition of International Who's Who of Insolvency and Restructuring Lawyers published by Law Business Research, Ltd in London. The publisher conducts its research in strategic partnership with the ABA Section of International Law and the International Bar Association. The Publisher notes that nominees are selected based upon “comprehensive, independent survey work with both general counsel and private practice lawyers worldwide and that only specialists who have met independent international research criteria are listed” and that “it is impossible to buy entry into” this publication. See http://www.whoswholegal.com.
  Firm Administrator Named an Officer of Association of Legal Administrators - May 2014
Gary Hopper, Firm Administrator with Stichter Riedel, was named the Treasurer for the Suncoast Chapter of the Association of Legal Administrators (ALA). ALA was founded in 1971 as a national organization designed to provide support to professionals involved in the management of law firms, corporate legal departments and government legal agencies. It focuses on the delivery of management and leadership products and services to the global legal community. www.alanet.org. The Suncoast Chapter serves over 100 members from the tri-county area of Hillsborough, Pinellas and Polk counties. Mr. Hopper joined the firm in April, 2006.
  Eight Firm Lawyers Recognized in 2014 Edition of Best Lawyers in America - 2014
Eight of the firm's eighteen lawyers are listed in the Bankruptcy Lawyers section of Best Lawyers in America in 2014, more than any other firm based in Tampa.
  Amy Denton Harris, Tampa Attorney Certified in Business Bankruptcy Law
April 15, 2014 ~ The American Board of Certification announced that Amy Denton Harris, attorney with Stichter, Riedel, Blain & Prosser, P.A., in Tampa, Florida has successfully completed the requirements for national certification in Business Bankruptcy Law. Read More...
  Mark Robens Joins Firm – March 23, 2014
Mark Robens joined the firm as an associate on March 23, 2014. Mr. Robens received his Juris Doctor degree from the Stetson University College of Law and his Bachelor of Arts degree, magna cum laude, from St. John Vianney College Seminary. At Stetson, he was an associate on the Stetson Law Review and was awarded the Alexander L. Paskay Scholarship Award for outstanding aptitude in the area of Bankruptcy Law and the William F. Blews Pro Bono Service Award. While in law school, he served as a judicial intern for the Honorable Catherine Peek McEwen, United States Bankruptcy Court for the Middle District of Florida.
  Court-approved Asset Sale Closes in Chapter 11 Case – March 2014
On March 31, 2014, Chapter 11, HRK Holdings, LLC, closed on the sale of approximately 27 acres of industrial real property located in Manatee County, Florida, netting more than $7.5 million, which was largely used to pay down senior secured debt. The sale was free and clear of liens pursuant to order of the Bankruptcy Court and Section 363(f) of the Bankruptcy Code. This asset sale follows 2 earlier asset sales that cumulatively netted approximately $ 7.5M for the estate. HRK filed for relief under Chapter 11 on June 27, 2012 and has continued to operate its business since then as Debtor in Possession. Scott A. Stichter and Barbara A. Hart are leading the firm’s representation in this case.
  Edward J. Peterson Participates in Panel Discussion for Turnaround Management Association - March, 2014
On March 24, 2014, shareholder Edward J. Peterson participated in the panel presentation on “Lessons Learned from the Great Recession – 2008 to 2014” Co-panelists, The Honorable Catherine Peek McEwen, William Krueger, and William Maloney, respectively, presented perspectives from the judicial, banking, and workout management vantage points, while Mr. Peterson addressed the legal environment.
  Russell M. Blain Lectures at Southeast Bankruptcy Law Institute - March, 2014
Russell M. Blain lectured at the fortieth annual Southeastern Bankruptcy Law Institute in Atlanta on March 21-22, 2014, on the topics “Obstacles to Confirmation: Artificial Classification and Impairment and the Section 1111(b) Election” and “Two Worlds Collide: The Interplay Between State and Bankruptcy Courts.” Barbara A. Hart and Mark F. Robens co-authored with Mr. Blain the written materials on the Interplay of Bankruptcy and State Courts. Daniel Fogarty co-authored written materials on obstacles to confirmation in chapter 11 cases.
  Charles A. Postler Participates in “Great Debates” Segment at Annual Alexander L. Paskay Seminar – March, 2014
Charles A. Postler spoke for the affirmative on the proposition “Exculpation of Professionals in Chapter 11 plans ” at the American Bankruptcy Institute’s annual Alexander L. Paskay seminar on March 20, 2014.
  Firm files Chapter 11 Petition for Tampa Church – March 10, 2014
On March 10, 2014, the firm filed a Chapter 11 petition for Without Walls International Church. The Church has been involved in litigation over more than $25 million in loans on its properties in Tampa and Lakeland. The firm’s representation in these cases is headed by Elena Paras Ketchum and Michael J. Hooi.
  Harley E. Riedel Speaks at Ninth Annual American Bankruptcy Institute Caribbean Insolvency Symposium – February, 2014
Harley E. Riedel spoke on “Anything but Absolute: The Evolution of the Absolute Priority Rule in Individual and Corporate Cases” at the three-day ABI seminar held in San Juan, Puerto Rico.
  Firm Receives Florida Supreme Court Commendation for Pro Bono Work - January 27, 2014
The Tampa law firm of Stichter, Riedel, Blain & Prosser, P.A. was selected to receive the 2014 Chief Justice’s Law Firm Commendation awarded annually by The Florida Supreme Court to a law firm in the State of Florida in recognition of its significant contributions in the delivery of legal services to individuals or groups on a pro bono basis. See link: http://www.floridabar.org/TFB/TFBPublic.nsf/WNewsReleases/5A991C15E31F88BE85257C690060BC42?OpenDocument The Commendation is one of many pro bono recognitions for the firm and its attorneys. Read More...
  Firm files Chapter 11 Petitions for Boardwalk and Baseball, Inc. and Related Corporations – January 13, 2014
On January 13, 2014, the firm filed Chapter 11 Petitions for Boardwalk and Baseball, Inc., Coleridge Corporation, and Boardwalk Land Development, Inc. The Debtors own approximately 400 acre in the Polk County, Florida, project known as the “Victor Posner City Center.” The site is located on one of the major arterial interchanges in the State of Florida, at the intersection of Interstate 4 and Highway 27 in Davenport, Polk County, Florida, six miles north of Haines City. The Debtors face claims of more than $40 million from creditor constituencies. The firm’s representation in these cases is headed by Harley E. Riedel and Edward J. Peterson.
  Two Shareholders Serve as Guest Lecturers for University of Florida Advanced Bankruptcy Class – Spring Semester 2014
Harley E. Riedel and Amy Denton Harris lectured at the Advanced Bankruptcy Class at the University of Florida Law School for the Spring semester on respectively, the topics of going concern sales of businesses under chapter 11and problems encountered in interviewing potential clients and preparing schedules in bankruptcy cases.
  Private School’s Chapter 11 Plan Confirmed – January 27, 2014
On January 27, 2014, U.S. Bankruptcy Judge Catherine Peek McEwen, Middle District of Florida, Tampa Division, confirmed Sonrise Christian School, Inc.’s chapter 11 reorganization plan. The plan was consensual, having been approved by the school’s creditors. A fully accredited private school since 1978, Sonrise provides a daycare, a voluntary prekindergarten program, and a K-12 curriculum. Under the confirmed plan, Sonrise will continue serving the greater Lakeland community. Michael J. Hooi and Amanda E. Chazal led the firm’s representation of Sonrise. The firm waived any fees and handled the representation on a pro bono basis.
  Sanibel Sundial Beach Resort & Spa Sold in Section 363 Sale in Chapter 11 - December 3, 2013
On September 26, 2013, Sanibel Sundial Partners, LLC d/b/a Sundial Beach & Golf Resort filed its petition for reorganization under Chapter 11 before the Honorable Caryl E. Delano of the United States Bankruptcy Court for the Middle District of Florida, Ft. Myers Division. On the petition date, the Debtor operated a condo-tel resort containing a 38,000 square foot central facilities building, lobby, reception area, multiple food and beverage outlets, meeting room, spa and fitness center, main pool and pool bar, tennis courts and parking – all located on 2,000 feet of private beach. It is the largest and only full service resort on Sanibel Island in Southwest Florida. http://www.sundialresort.com/ Stichter Riedel successfully obtained court approval of a post-petition debtor in possession lending facility in October, 2013 following multiple emergency hearings. On November 18, 2013, Stichter Riedel filed a motion seeking to sell substantially all of the Debtors assets to RLR Investments, LLC as a stalking horse bidder. Subsequently, on December 3, 2013, the Debtor successfully consummated the sale of substantially all assets of the estate to RLR as approved by the Court. Read more here in Hotel Management: http://tinyurl.com/sanibelsundial The firm’s representation of the Debtor was led by Stephen R. Leslie and Daniel Fogarty, with Michael Bachman closing the sale.
  Scrub Island Development Group Limited and Scrub Island Construction Limited File For Relief Under Chapter 11 – November 19, 2013
On November 19, 2013, Stichter Riedel filed Voluntary Petitions for relief under Chapter 11 of the Bankruptcy Code for Scrub Island Development Group Limited (“SIDG”) and Scrub Island Construction Limited. SIDG owns Scrub Island, which is a 230-acre island located in the British Virgin Islands consisting of Little Scrub Island and Big Scrub Island. SIDG owns the Scrub Island Resort, Spa & Marina, which is an award-winning boutique luxury resort and hotel property located on Little Scrub Island that is part of the prestigious Marriott Autograph Collection Hotel system. See www.scrubisland.com. In the reorganization cases, the companies will seek to restructure secured and unsecured debt in excess of $100 million, including mortgage debt in favor of FirstBank Puerto Rico that was the subject of an enforcement proceeding brought by FirstBank in The Eastern Caribbean Supreme Court in the High Court of Justice in the British Virgin Islands shortly before the chapter 11 filings. The firm’s representation of the Debtor was led by Charles Postler and Harley E. Riedel.
  Chapter 11 Plan Confirmed for 384 Unit Apartment Complex in Tampa – November 4, 2013
On November 4, 2013, the Honorable Michael G. Williamson of the United States Bankruptcy Court for the Middle District of Florida, Tampa Division, entered an order confirming the Plan of Reorganization for USA Broadmoor, LLC Under Chapter 11 of the United States Bankruptcy Code, as amended. USA Broadmoor, LLC is the owner of a 384 unit apartment complex located at 4939 East Busch Boulevard, Tampa, Florida. At the time of the filing, USA Broadmoor had obligations in excess of $11 million. The Plan provides for: (a) payment of the first mortgage holder’s $12.75 million claim with interest at 5% per annum over a period of four (4) years; (b) payment in full of junior lien claims with interest at 5% per annum over a period of four (4) years; and (c) payment in full of unsecured claims over a period of four (4) years. Scott A. Stichter, Edward J. Peterson, III, and Amy Denton Harris headed the firm’s representation of USA Broadmoor.
  Stichter Riedel Opens Destin, Florida Office - October 15, 2013
Tampa-based Stichter, Riedel, Blain & Prosser, P.A. announced that it has opened a second satellite office, this one in Destin, Florida. The firm also has an office in Ft. Myers, Florida. The Destin office address is 4475 Legendary Drive, Suite 40, Destin, Florida 32541-9306. The telephone number is (850) 460-7676. In July 2013, Stichter Riedel began its fortieth year specializing in the representation of debtors, creditors’ committees, purchasers, and secured and unsecured creditors in bankruptcy cases and out of court workouts and in representing parties in commercial litigation pending in state or federal courts. Destin is located within the geographical area that comprises the Northern District of Florida in the United States Court system, an area that stretches from the panhandle on the west to Gainesville.

In connection with the opening of the Destin office, co-managing partner, Harley Riedel stated: “The opening of the Destin office is a natural outgrowth of the firm’s active practice in the Northern District of Florida and the panhandle of Florida. Over the past decades, the firm has been lead counsel for parties in many of the largest cases filed in the Northern District. These cases include Laketown Wharf (debtor-in-possession), Boyd Brothers, Inc. (debtor-in-possession), Deb-Lyn (debtor-in-possession), Cypress Health Systems (debtor-in-possession), The Maritime Officers Union (debtor-in-possession), the John Christo case (representing Earl Padgett), North American Archery (debtor-in-possession), and Moltech Power Systems (debtor-in-possession). In addition, the firm has successfully resolved numerous cases in the Panhandle area through negotiations or state court litigation in advance of a potential bankruptcy filing. The opening of the Destin office will give us the opportunity to better serve our clients in the area.”
  Court Enters Order Confirming Plan for Real Estate Development Company - August 2013
In February 2013, the firm took over representation of Premier Construction Group, LLC a local real estate development company which had filed for Chapter 11 protection in June 2011, in the United States Bankruptcy Court for the Middle District of Florida (Jacksonville Division). The company owned several parcels of estate, secured by mortgages totaling approximately $6 million. The Plan provided for the continued operation of the company and the restructuring of obligations owed to creditors. Amy Denton Harris and Edward J. Peterson represented the Debtor.
  Plan Confirmed in Reorganization of Brain Injury Rehabilitation Center and Related Entities – August 30, 2013
The firm represented Joseph E. Brennick, the CEO, 100% shareholder, and Chairman of the Board of Directors of Florida Institute for Neurologic Rehabilitation, Inc. and several related Chapter 11 debtors (collectively “FINR”) in connection with cases filed by them in the United States Bankruptcy Court for the Middle District of Florida, Tampa Division. FINR owns a large treatment center for patients with traumatic brain injuries and is one of the largest employers in Hardee County. Mr. Brennick was a guarantor of corporate debts exceeding $40 million and was a co-defendant with FINR in pending actions at the time of the Chapter 11 filings. The firm was heavily involved in the drafting, negotiation, and confirmation of a plan of reorganization that resolved and adjusted over $40 million in claims and allowed FINR to continue its business operations. As part of the plan, which was confirmed on August 30, 2013, the actions against Mr. Brennick were dismissed. Edward J. Peterson was lead counsel for Mr. Brennick. See related newspaper article.
  Harley Riedel Speaks on Professionalism at Bankruptcy Court Young Lawyers Mentoring Program – August 27, 2013
Harley Riedel, Robert Glenn and William Kalish joined Bankruptcy Judge Cathy Peek McEwen at the Bankruptcy Court’s quarterly young lawyers mentoring program on August 27. The topic for the panel was “Effectiveness, Civility, Courtesy & Professionalism.”
  Harley Riedel named in International Who's Who of Insolvency and Restructuring Lawyers– August 10, 2013
Harley Riedel was one of three lawyers in the Middle District of Florida listed in the 2013 edition of International Who's Who of Insolvency and Restructuring Lawyers published by Law Business Research, Ltd in London. The publisher conducts its research in strategic partnership with the ABA Section of International Law and the International Bar Association. The Publisher notes that nominees are selected based upon “comprehensive, independent survey work with both general counsel and private practice lawyers worldwide and that only specialists who have met independent international research criteria are listed” and that “it is impossible to buy entry into” this publication. See http://www.whoswholegal.com.
  Bankruptcy Court Approves Sale of Footwear Company - July 31, 2013
On July 31, 2013, following the submission of several competing bids and an auction, the Honorable K. Rodney May, of the United States Bankruptcy Court for the Middle District Of Florida, Tampa Division, approved the sale of substantially all of the business assets of Lindsay Phillips, LLC and Lindsay Phillips, Inc. to Trimfoot Company. The business will continue as a going concern under Trimfoot’s guidance. Becky Ferrell-Anton presented the sale motion to the Bankruptcy Court.
  Firm Successful In Defending Deficiency Action in Foreclosure Lawsuit – July 26, 2013
The firm defended several guarantors in a motion for deficiency judgment filed by TD Bank (the “Bank”) in Marion County Circuit Court. In the motion, the Bank requested a deficiency judgment in the amount of approximately $2,850,000.00 – the difference between the debt of approximately $4,900,000.00 and the Bank’s appraised value of $2,050,000.00. In representing the defendants, the firm countered with an appraised value of $4,100,000.00 and an argument that the debt should be further reduced because of the Bank’s delay in obtaining a foreclosure judgment after the defendants consent to foreclosure. Following a non-jury trial, the Circuit Court agreed with the defendants’ expert regarding the value and adopted the value of $4,100,000.00. Additionally, the court found that as an equitable matter the lower non-default rate of interest (rather than the default rate) should apply from the date that the defendants consented to foreclosure through the date of the foreclosure judgment. The firm’s efforts resulted in a $2 million reduction in the amount of the judgment. Edward J. Peterson was trial counsel for the Defendants.
  Firm Begins Fortieth Year of Providing Legal Advice and Representation – July 16, 2013
The firm, then known as Stichter & Stagg, P.A. officially opened on July 15, 1974, with Don M. Stichter, C. Lawrence Stagg, and Harley Riedel as the initial lawyers. The firm changed its name to Stichter, Stagg, Hoyt, Riedel & Fogarty, P.A. in 1976 and then to Stichter & Riedel, P.A. in 1979. Many people have contributed to the firm’s success over the years. In addition to Messrs. Stichter and Riedel, the employees who have been with the firm for more than 20 years and who have contributed, and continue to contribute, to the firm’s efforts to provide the highest level of professional representation to clients, to practice law to the highest standards of professionalism, and to maintain a wonderful work environment are:

Adrienne Napoli – 37 years
Joanne Ratliff - 32 years
Russell M. Blain – 28 years
Hilda Portales Sills - 27 years
Susan McKee - 27 years
Scott A. Stichter - 26 years
Mary Brown - 23 years
Sandi Hampton - 23 years
Charles A. Postler - 21 years
Denise Clark - 21 years
Steven R. Leslie - 20 years

The firm would also like to acknowledge its debt to Janice Kimbro, the firm administrator until retirement in 2006, and to Richard C. Prosser (now Of Counsel) who joined the firm in 1990.
  Alessi Bakeries Plan of Reorganization Confirmed - July 9, 2013
On July 9, 2013, the Honorable K. Rodney May, of the United States Bankruptcy Court for the Middle District Of Florida, Tampa Division, confirmed the plan of reorganization for Alessi Bakeries that restructured in excess of $12 million in debt. Alessi Bakeries is a 100-year old family-owned bakery and catering business, specializing in fine Italian desserts, pastries, entrees, and breads. Alessi’s has been owned and operated in Tampa by four generations of the Alessi family. The firm’s representation of Alessi Bakeries was headed up by Harley Riedel and Daniel Fogarty.
  Florida Trend Magazine Names Eight Shareholders as Florida “Legal Elite” or “Up & Comers” - July 1, 2013
Six shareholders, Harley E. Riedel, Russell M. Blain, Stephen R. Leslie, Elena Paras Ketchum, Edward J. Peterson, and Scott A. Stichter, were named to Florida Trend Magazine's 2013 list of "Florida Legal Elite." Shareholders Amy Denton Harris and Daniel R. Fogarty were named in the “Up & Comers” category recognizing lawyers under 40 years of age. In its Legal Elite list, Florida Trend Magazine recognizes less than 2% of all Florida Bar Members, based in large part upon the votes of attorneys and judges. No other Florida firm had more listed lawyers than did Stichter Riedel in the specialty of “Bankruptcy and Workout Law,” making it the fourth consecutive year (2010 through 2013) that the firm has been ranked as first or tied for first in the number of Florida lawyers named in the “Bankruptcy and Workout” practice area.
  Barbara A. Hart & B. Michael Bachman, Jr. Become Shareholders – July 2013
Stichter, Riedel, Blain & Prosser, P.A. is pleased to announce that Barbara Hart & Michael Bachman have been named shareholders. Ms. Hart joined the firm in 2009 and is actively involved in the firm's bankruptcy, state court (including foreclosure and deficiency defense), and work-out practices. Mr. Bachman also joined the firm in 2009 and is actively involved in the firm’s bankruptcy, work-out, and transactional practices.
  Harley E. Riedel & Russell M. Blain Named to Florida Trend Magazine’s Legal Elite Hall of Fame - July 2013
Harley Riedel and Russ Blain were named inductees to the Hall of Fame of Florida’s Legal Elite by Florida Trend magazine in June, 2013. Florida Trend states that the Hall of Fame recognizes the “most distinguished attorneys who have been named Legal Elite” over the years. The magazine further noted that Messrs. Riedel and Blain had “achieved the special distinction” of being each named as
Legal Elite for ten consecutive years.
  Twelve Firm Lawyers Recognized As Florida "Super Lawyers" Or “Rising Stars” - July 2013
Don M. Stichter, Harley E. Riedel, Russell M. Blain, Charles A. Postler, Scott A. Stichter, Stephen R. Leslie and Edward J. Peterson all shareholders in Stichter, Riedel, as well as Richard C. Prosser who is Of Counsel, were named among Florida's Super Lawyers in the 2013 edition of Super Lawyers Magazine. Amy D. Harris, Daniel R. Fogarty, Susan H. Sharp, and Michael Bachman were recognized as “Rising Stars,” in the Bankruptcy & Creditor & Debtor Rights practice area. Harley E. Riedel, a founding shareholder of the firm, was also named for the sixth consecutive year as one of the top 10 lawyers in the State of Florida regardless of practice area. Russell M. Blain was also named one of the top 100 lawyers in the State of Florida for the seventh consecutive year. Stichter, Riedel was the only firm in the State of Florida with as many as twelve Lawyers listed as Super Lawyers or Rising Stars in the practice area of Bankruptcy & Creditor & Debtor Rights. Lawyers are chosen to be Super Lawyers or Rising Stars following an extensive process of nominations, balloting, blue ribbon panel review, and independent research compiled by Law & Politics magazine. Only 5% of the lawyers in Florida were selected as Super Lawyers. Law & Politics performs the polling, research and selection of Super Lawyers in a process designed to identify lawyers who have attained a high degree of peer recognition and professional achievement. Super Lawyers attempts to provide a comprehensive and diverse guide to outstanding attorneys, representing a wide range of practice areas, firm sizes and geographic locations. See link - - www.superlawyers.com
  Eight Firm Lawyers Recognized in 2013 Edition of Best Lawyers in America - 2013
Eight of the firm's seventeen lawyers are listed in the Bankruptcy Lawyers section of Best Lawyers in America in 2013, more than any other firm based in Tampa. Shareholders Stephen R. Leslie and Edward J. Peterson were recognized for the first time in the 2013 edition.
  Biovest International, Inc. Confirms Its Chapter 11 Plan of Reorganization – June 28, 2013
On June 28, 2013, the Honorable K. Rodney May of the United States Bankruptcy Court for the Middle District of Florida, Tampa Division, confirmed the First Amended Plan of Reorganization dated as of April 18, 2013 for Biovest International, Inc. The Plan provides for the exchange of all senior secured claims totaling approximately $44 million and all allowed general unsecured claims totaling approximately $5.4 million into newly issued shares of common stock of Biovest. Biovest is a publicly traded Delaware biotechnology corporation and has three (3) operating divisions: (i) the Drug Development Division, which focuses on developing and commercializing BiovaxID™ as a personalized therapeutic cancer vaccine for the treatment of B-cell blood cancers; (ii) the Instruments and Disposables Division, which focuses on the continued development, commercialization, manufacture and sale of instruments and related disposables for the efficient production of cell-based medical and research products, primarily through its AutovaxID® instrument; and (iii) the Cell Culture Products and Services Division, which focuses on the commercial sale and production of cell culture products and services under contracts with third party customers. The firm’s representation of Biovest was headed up by Charles A. Postler.
  Firm Prevails in Dispute over $110 Million Claim – June 24, 2013
On June 24, 2013, Bankruptcy Judge Michael G. Williamson granted summary judgment to the estate of a victim of nursing home negligence who had obtained a $110 million judgment in state court against the debtor. The judgment and resulting claim were challenged on the basis of alleged extrinsic fraud by the claimant’s state court counsel. The Firm represented the estate in the bankruptcy court proceeding and argued that no fraud had occurred and that principles of res judicata, collateral estoppel, and the Rooker-Feldman doctrine required allowance of the claim. The Court ruled that there was no evidence of fraud and granted summary judgment in favor of the estate. Harley Riedel and Daniel Fogarty were primarily responsible for the handling of the case.
  Chapter 11 Plan Confirmed for Ocala Funding, LLC – June 20, 2013
On June 20, 2013, the Bankruptcy Court for the Middle District of Florida, Jacksonville Division, entered an Order Confirming the Chapter 11 Plan of Ocala Funding, LLC (“Ocala Funding”). Ocala Funding had approximately $3 billion in liabilities and $1 billion in assets, making it one of the largest bankruptcy cases in the country. Russell M. Blain and Edward J. Peterson handled the firm’s engagement.
  Edward J. Peterson III– Installed as President-Elect of Tampa Bay Bankruptcy Bar Association- June 7, 2013
Edward J. Peterson III was installed at the annual dinner of the TBBBA to serve as President-Elect of the Association for the 2013-2014 term. Mr. Peterson had previously served as a member of the Board of Directors, as Treasurer and as Secretary and will become President in June, 2014. Scott A. Stichter will continue to serve as a director of the Association.
  Eight Firm Lawyers Recognized by Thirteenth Judicial Circuit for Pro Bono Contributions - May 2013
The Pro Bono Committee for the Thirteenth Judicial Circuit recognized eight SRBP lawyers for their pro bono contributions during 2012. Five of the Firm’s lawyers were “Gold Letter Recipients” based upon their contribution of more than 100 pro bono hours each: B. Michael Bachman, Jr., Russell M. Blain, Amy Denton Harris, Michael J. Hooi, and Don M. Stichter. Over 12% of the total Gold Letter Recipients in the Thirteenth Circuit, therefore, were SRBP lawyers.

Harley E. Riedel, Susan H. Sharp, and Scott A. Stichter were also recognized for their pro bono contributions of less than 100 hours.
  Amy Denton Harris Speaks At Florida Bar Family Law Section Webinar – May 15, 2013
Amy Denton Harris spoke at a webinar presented by the Family Law Section of the Florida Bar on May 15, 2013. The webinar focused on foreclosure, bankruptcy, and tax issues facing family law practitioners. Ms. Harris addressed the bankruptcy process and the bankruptcy estate, property of the debtor, the automatic stay, the bankruptcy discharge, avoidance actions, as well as priority and collection issues with respect to domestic support obligations and property settlements.
  Shareholders Harley E. Riedel and Amy Denton Harris Speak at Central Florida Bankruptcy Law Association Annual Seminar – May 10, 2013
Amy Denton Harris spoke on “Getting It In & Keeping It Out: How to Deal With Evidentiary Issues and Daubert Challenges.” Harley E. Riedel spoke on “Please Release Me, Let Me Go: Releases, Channeling Injunctions, and Bar Orders.” The presentations took place in Orlando, Florida, and were part of the annual daylong seminar of the CFBLA. This year’s program was entitled “Bankruptcy Revitalized.”
  Firm Files Chapter 11 Cases for Shoe Manufacturer – April 26, 2013
Lindsay Phillips, LLC and Lindsay Phillips, Inc. filed chapter 11 petitions on April 26, 2013 to forestall efforts of their principal secured creditor to accelerate its loans and take possession of its collateral. The firms’ founder invented the award-winning “switch-flops” that allow customers to “change their look but not their sole” by using a variety of straps and accessories to change the look of the footwear. The companies have approximately $10 million in debt. The Bankruptcy Court approved the companies’ use of cash collateral and authorized debtor-in-possession financing at first day hearings. Harley E. Riedel and Becky Ferrell-Anton are leading the firm’s representation.
  Elena Paras Ketchum Speaks at American Bar Association Business Law Section 2013 Spring Meeting in Washington, D.C. – April 4, 2013
Elena Paras Ketchum participated on a five-member panel discussion entitled “The Anatomy of a Workout” at the Business Law Section Spring Meeting hosted by the American Bar Association. The panel spoke on the topic of out-of court workouts with creditors, with an emphasis on secured lenders. Ms. Ketchum presented the view point of representing borrowers and guarantors in out-of-court workouts.
  B. Michael Bachman, Jr. Receives AV Rating from Martindale-Hubbell – March 2013
B. Michael Bachman, Jr. was awarded the "AV Peer Review - Preeminent Lawyer" rating by Martindale-Hubbell Law Directory in March, 2013. Martindale-Hubbell has published ratings of lawyers continuously since 1868. The AV Peer Review Rating identifies lawyers with "very high to preeminent" legal ability and "very high" ethical standards. It is the highest rating issued by Martindale-Hubbell, which also identifies those AV-rated lawyers who are regarded as preeminent in the profession. The firm has been rated "AV" since its inception in 1974. Martindale-Hubbell's ratings are derived from interviews with members of the bar and the judiciary. The ratings reflect a lawyer’s expertise, experience, integrity and overall professional excellence. Mr. Bachman joins thirteen other lawyers at Stichter, Riedel who have also been awarded the "AV - Preeminent Lawyer" rating.
  Russell M. Blain Lectures at Southeast Bankruptcy Law Institute- March 21-23, 2013
Russell M. Blain lectured at the thirty-ninth annual Southeastern Bankruptcy Law Institute in Atlanta on March 21-23, 2013, on the topics “
Single Asset Real Estate Cases” and “Individual Chapter 11 Cases.”
  South Bay Lube, Inc. Confirms Its Chapter 11 Plan – March 14, 2013
On March 14, 2013, the Honorable K. Rodney May of the United States Bankruptcy Court for the Middle District Of Florida, Tampa Division, confirmed the plan of reorganization for South Bay Lube, Inc. The company operates twenty two (22) “Jiffy Lube” locations throughout central and southwest Florida, and has over 200 employees. Following the firm’s initial filing for South Bay Lube on May 11, 2012, the company successfully exits Chapter 11 with material deleveraging, while retaining ownership and operation of its locations under a consensual plan achieved following lengthy and significant negotiations with secured creditors, various landlords, and the franchisee. http://sarasota.jiffylube.com/; http://tinyurl.com/jiffylubearticle; The firm’s representation of South Bay Lube was headed up by Edward Peterson and Stephen Leslie.
  Chapter 11 Trustee to Sell Naples Bay Resort and Satisfy Senior Secured Priming Loan - March 5, 2013
Following an eight day trial and subsequent confirmation hearing in the Basil Street Partners/Naples Bay Resort Chapter 11 case, on March 5, 2013, the Honorable Caryl E. Delano of the United States Bankruptcy Court for the Middle District of Florida, Ft. Myers Division, entered an order providing for the sale by the Chapter 11 trustee of the components of the Naples Bay Resort owned by the Chapter 11 estate, and also providing for the payment in full of the senior secured priming loan facility obtained by Stichter Riedel on behalf of the trustee. The firm’s representation of the trustee was led by Stephen R. Leslie and Daniel Fogarty.
  Universal Health Care Group, Inc. Files Chapter 11 Petition – February 6, 2013
On February 6, 2013, the firm and its co-counsel, the firm of Katten Muchen Rosenman, LLP, filed a Chapter 11 Petition for Universal Health Care Group, Inc. The Debtor is a holding company that owned stock of four state-regulated HMOs and one state-regulated insurance company, as well as a non-regulated third party administrator. An order approving the sale of the stock of some of these entities for $33.5 million was entered on March 11, 2013. The firm’s representation in these cases is headed by Harley E. Riedel, Russell M. Blain, and Barbara A. Hart.
  Magic City Doughnut Corporation Plan Confirmed – January 28, 2013
On January 28, 2013, the Honorable Michael G. Williamson of the U.S. Bankruptcy Court entered an order confirming the liquidating Chapter 11 Plan filed by Magic City Doughnut Corp. On the Petition Date, the Debtor operated three Krispy Kreme doughnut shops in the Orlando area under a franchise agreement with Krispy Kreme Doughnut Corp. On November 14, 2012, the Court had approved, a sale of these stores and an assignment of the Debtor’s rights under the Krispy Kreme franchise agreement. The firm’s representation in these cases was headed by Elena P. Ketchum and Harley E. Riedel.
  Harley E. Riedel Speaks at Tampa Bay Bankruptcy Bar Association Luncheon- January 15, 2013
Harley E. Riedel participated in a panel discussion entitled "Marital Obligations and Property Rights in Bankruptcy" presented by the Tampa Bay Bankruptcy Bar Association on January 15, 2013. The panel focused on the intersection of bankruptcy law, property law, and family law in chapter 11 and chapter 7 bankruptcy cases.
  Rick Johnson Auto & Tire Confirms and Consummates Chapter 11 Plan – December 21, 2012
After a contested confirmation process and lengthy post-confirmation negotiations with multiple creditors, December 21, 2012, the , the Honorable Caryl E. Delano of the United States Bankruptcy Court for the Middle District of Florida, Ft. Myers Division, entered an order confirming the joint Chapter 11 plan by Rick Johnson Auto & Tire and its principals (“Rick Johnson Auto”), which consists of a group of retail tire and automotive service stores. Rick Johnson Auto exits Chapter 11 with significant deleveraging, retaining ownership and operation at all ten locations throughout Southwest Florida, and preserving over seventy (70) jobs. The restructured companies remain a leader in the retail automotive and tire service industry in Southwest Florida. http://www.rjtires.com/ The firm’s representation of the debtors was led by Stephen Leslie and Daniel Fogarty.
  Allpoints Warehousing Equipment Company Plan Confirmed –December 18, 2012
On December 18, 2012, the U.S. Bankruptcy Court entered an order confirming the Chapter 11 Plan filed by Allpoints Warehousing Equipment Company, d/b/a Got-Rack.com. Under the Plan, the Company will continue to operate its business of manufacturing, refurbishing, and selling industrial storage racks. A related individual chapter 11 plan of the principal owner of Allpoints was confirmed on the same day. The firm’s representation in these cases was headed by Harley E. Riedel and Michael J. Hooi.
  Chapter 11 Plan Confirmed in St. Pete Beach Properties, LLC – November 1, 2012
On November 1, 2012, the Honorable Rodney K. May of the United States Bankruptcy Court for the Middle District of Florida entered an order confirming the plan of reorganization filed by St. Pete Beach Properties, LLC and an order approving a related settlement agreement resolving disputes with Cadence Bank. The firm’s representation of St. Pete Beach Properties was headed by Harley Riedel and Barbara Hart.
  Firm again Ranked Tier 1 in Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law in US News 2013 “Best Law Firms”--- November 2012
Stichter, Riedel has once again been ranked Tier 1 in Tampa for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law. The firm has been ranked in the first tier since the inception of the ranking. U.S. News Media Group and Best Lawyers base their rankings on a comprehensive analysis of law firms and lawyers. Six of the firm's lawyers are individually listed in the 2012 edition of “Best Lawyers in America.”
  Harley E. Riedel Speaks at the National Conference of Bankruptcy Judges on Individual Chapter 11 Cases - October 26, 2012
Harley Riedel was one of five panelists who addressed the NCBJ at its eighty-sixth annual convention held in San Diego, California on the topic of “High Rollers – 7 or 11?” The panel, consisting of Judge Elizabeth Perris, Professor Ray Warner, Ricardo Kilpatrick, and Ian McDonald (in addition to Mr. Riedel) dealt with many of the complicated issues arising from the 2005 amendments to the Bankruptcy Code dealing with individual chapter 11 cases.
  Cypress Health Systems Florida, Inc. d/b/a Tri County Hospital - Williston Files for Protection under Chapter 11 - October 5, 2012
On October 5, 2012, Cypress Health Systems Florida, Inc. filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Florida, Gainesville Division. Cypress Health Systems Florida, Inc. owns a 40-bed hospital in Williston, Florida and operates under the name of Tri County Hospital-Williston. The Hospital serves the populations of Levy, Gilchrist, Dixie and Marion Counties, Florida. Charles A. Postler and Elena Paras Ketchum are leading the firm's representation in this case.
  B. Michael Bachman, Jr. Selected to Participate in the National Conference of Bankruptcy Judges 2012 Next Generation Program - October 2012
Michael Bachman was among forty (40) young attorneys nationwide selected to participate in the National Conference of Bankruptcy Judges (“NCBJ”) 2012 Next Generation Program. The 2012 Next Generation Program took place in conjunction with the NCBJ’s 86th Annual Conference in San Diego, California, October 24-27, 2012. The exclusive program is designed to host up and coming bankruptcy practitioners with five (5) to ten (10) years of experience who deserve special recognition for their professional accomplishments to date and who show potential to distinguish themselves in future years as highly respected members of the bankruptcy bar.
  Don M. Stichter And Harley E. Riedel Recognized By Expert Guides As Outstanding Insolvency And Restructuring Lawyers For 2012 – September 2012
Shareholders Don M. Stichter and Harley E. Riedel were listed in Legal Media Group's 2012 “Guide to the World’s Leading Insolvency and Restructuring Lawyers.” They represent two of only four attorneys in the Middle District of Florida who were so recognized. For more information, see www.expertguides.com.
  Elena Paras Ketchum Speaks At Central Florida Bankruptcy Law Association’s Annual Bankruptcy Seminar – September 28, 2012
Elena Paras Ketchum participated on a three-member panel at the Annual Bankruptcy Seminar hosted by the Central Florida Bankruptcy Law Association. The panel spoke on the topic of out-of court workouts with creditors, with an emphasis on secured lenders. Ms. Ketchum presented the view point of representing borrowers and guarantors in out-of-court workouts.
  Susan Heath Sharp Speaks at 28th FICPA Annual Accounting Show – September 20, 2012
Susan H. Sharp spoke at the Florida Institute of Certified Public Accountants’ annual educational program in Ft. Lauderdale, Florida on the role of CPAs in assisting clients before and during bankruptcy proceedings. The FICPA has over 18,000 members and is one of the largest organizations of CPAs in the country. Ms. Sharp began her professional career as a practicing CPA with the national accounting firm of Coopers & Lybrand.
  Don M. Stichter Named Tampa’s Bankruptcy and Creditor-Debtor Rights Lawyer of the Year by Best Lawyers for 2013 by Best Lawyers in America - September 2012
Best Lawyers in America, one of the oldest and most respected peer-review publications in the legal profession, named Don M. Stichter as the “Tampa Best Lawyers Bankruptcy and Creditor-Debtor Rights/Insolvency and Reorganization Law, Lawyer of the Year” for 2013. This award has been presented since 2010, and shareholder Harley E. Riedel received the first award in 2010. Mr. Stichter has appeared in Best Lawyers in America for more than 25 years and becomes the fourth Tampa area lawyer (and the second firm lawyer) recognized as the best bankruptcy lawyer in the Tampa Bay area.
  Don M. Stichter Awarded Judge Don Castor Justice Award - September 13, 2012
The firm’s founding shareholder, Don M. Stichter, was presented with the Judge Don Castor Award by Bay Area Legal Services (BALS) in consideration of his long term commitment to promoting access to justice for the most vulnerable members of society. This award was established in 2009 by BALS, and Mr. Stichter is the fourth recipient of the award. He serves on BALS’ Development Council and serves as the chairman of its Planning Committee. The firm was recently recognized as the Outstanding Firm for Pro Bono Services in Hillsborough County for 2012.
  Boyd Brothers, Inc. Confirms Its Chapter 11 Plan - September 12, 2012
On September 12, 2012, the Honorable Karen Specie of the United States Bankruptcy Court for the Northern District Of Florida confirmed the plan of reorganization for Boyd Brothers, Inc. Located in Panama City, Florida, Boyd Brothers has been in operation since 1931 and provides publication and general commercial printing services. Boyd Brothers serves the southeast United States with a complete digital prepress department, as well as a comprehensive postpress and mailing operation. Boyd Brothers currently employs approximately 110 employees and has approximately $25 million in debt. The firm’s representation was headed up by Edward Peterson.
  Alessi Bakeries Files for Protection under Chapter 11 – September 5, 2012
On September 5, 2012, the corporate owner of the 100-year old, family-owned, Alessi bakery and catering operations filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida, Tampa Division. Alessi specializes in the manufacturing and retail sale of fine Italian desserts and other baked goods. Alessi’s has been owned and operated in Tampa by four generations of the Alessi family. Harley E. Riedel and Daniel R. Fogarty are leading the firm’s representation in this case. Tampa Bay Times Article |  Tampa Tribune Article
  Russell M. Blain Participates in The Florida Bar Business Law Section Panel on Mega-Chapter 11 Cases - September 1, 2012
Shareholder Russell M. Blain served as the Moderator on the Business Law Section’s panel presentation "Handling the Über Case in Bankruptcy Court: How I Learned to Stop Worrying and Instead Came To Love Organized Chaos" held on September 1, 2012. Included on the panel were Bankruptcy Judges Laurel Isicoff from Miami and Jerry Funk from Jacksonville.
  Firm Named Top Firm in Florida for Business and Transactions – August 22, 2012
For the second year in a row, Stichter, Riedel, Blain and Prosser was named the “Top Medium Sized Law Firm” in the State of Florida for Business and Transactions by Super Lawyers. Four firms each year are selected: a sole practice firm, a small firm (2-10 lawyers), a medium sized firm (11-50 lawyers), and a large firm (over 50 lawyers). SRBP was chosen as the top medium sized firm. A large majority of the firm’s lawyers (75%) have been listed as “Super Lawyers” or “Rising Stars” within the past two years and are listed as “AV Preeminent Lawyers” by Martindale-Hubbell. Almost half of the firm’s lawyers are listed in “Best Lawyers in America.”
  State Court Judgment Dismissing $15 Million Dollar Negligent Misrepresentation Claim Against Manager Of Condo Converter And Officer Of Manager Becomes Final – August 17, 2012
The Second DCA affirmed (per curiam) the appeal from Judge James Barton’s opinion dismissing with prejudice a $15 million dollar negligent misrepresentation claim brought by the condominium association against the manager of a condo converter and an officer of the manager for failing to disclose alleged defects in the condition of an apartment complex which was converted to condominiums. Had the claim been permitted to stand, it would have expanded the duty of disclosure in real estate transactions as well as the scope of liability under Section 552 of the Restatement of Torts, and turned the doctrines of corporate separateness and veil piercing on their head. The Villas Condominiums Association, Inc., v. Villas Funding Company, Inc., et al., Case No.: 2D11-4319. Barbara Hart briefed the matter and Amy Denton Harris handled the appeal.
  Amanda E. Chazal Joins Firm - August 13, 2012
Amanda E. Chazal joined the firm as an associate on August 13, 2012 following her graduation from the Stetson University College of Law. Prior to receiving her J.D. degree from Stetson, Ms. Chazal attended the University of Florida, where she earned a degree in Business Marketing, and the University of Central Florida, where she earned an M.B.A. degree. At Stetson, she received the Alexander L. Paskay Scholarship Award for outstanding aptitude in the area of Bankruptcy Law and was a member of a highly successful moot court team in the twentieth annual Conrad B. Duberstein Bankruptcy Moot Court Competition sponsored by the American Bankruptcy Institute and St. John’s University College of Law.
  Firm Files Chapter 11 Petitions for Three Additional Odyssey Entities – August 10, 2012
On August 10, 2012, the firm filed chapter 11 petitions for Odyssey Diversified VI, LLC, Odyssey Diversified VII, LLC, and Odyssey Diversified IX, LLC, each a holding company that in turn owns multiple single purpose entities that own commercial real estate properties. The cumulative holding company debt of the three companies, exclusive of guarantees of subsidiary debt, is approximately $90 million. The firm had previously filed chapter 11 petitions for sixteen other entities within the Odyssey Group and has assisted the non-filing members of the Odyssey Group in restructuring other loans in out-of-court workouts. Harley Riedel and Edward Peterson are leading the firm’s representation in these cases.
  Florida Based Biodiesel Fuel Manufacturer And Glycerin Refiner Files For Protection Under Chapter 11 - August 8, 2012
On August 8, 2012, Agri-Source Fuels, LLC filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida, Tampa Division. Agri-Source was established in 2006. The Company converted a shuttered orange juice processing plant in Dade City, Florida into a biodiesel and refined glycerin production facility registered by the United States Environmental Protection Agency. Due to liquidity limitations, Agri-Source had been forced to focus its production efforts on refined glycerin. The Chapter 11 filing will provide Agri-Source with debtor in possession financing and much needed liquidity to fund operations until such time as it can sell substantially all of its assets, and permit it to restructure its obligations to creditors. Edward J. Peterson III and Charles A. Postler are leading the firm’s representation in this case.
  Six Firm Lawyers Recognized as "Best Lawyers" in the 2012 Edition of Best Lawyers in America - 2012
Six of the firm's partners, Don Stichter, Harley Riedel, Russ Blain, Richard Prosser, Charles Postler, and Scott Stichter are listed in the Bankruptcy Lawyers section of Best Lawyers in America in 2012, more than any other firm based in Tampa. Since 2001, the firm has had at least four attorneys continuously listed in the Bankruptcy Lawyers section of Best Lawyers in America - the only firm in Florida, Georgia and Alabama (the three states comprising the territory of the Eleventh Circuit Court of Appeal) to be so honored. Don Stichter and Mr. Riedel have been listed for more than twenty years in this category, and Messrs. Blain and Prosser have been listed for more than ten years.
  Stichter, Riedel, Blain & Prosser P.A. receives Thirteenth Judicial Circuit’s Pro Bono Service Award
Stichter, Riedel was honored with the Thirteenth Judicial Circuit’s Pro Bono Service by a Law Firm Award for providing outstanding pro bono service in Hillsborough County. Stichter, Riedel was recognized, along with ten of its individual lawyers, by the Thirteenth Judicial Circuit’s Pro Bono Committee during the April 26th Annual Pro Bono Awards Ceremony. The awards program took place at the Chester Ferguson Law Center in Tampa on April 26, 2012. Stichter, Riedel was one of two law firms in Hillsborough County honored for its pro bono service to the community.

Created by the Florida Supreme Court, the Thirteenth Judicial Circuit’s Pro Bono Committee oversees pro bono service to the poor (see Rule 4-6.1, Rules Regulating The Florida Bar) in Hillsborough County. The committee is chaired by The Honorable Ashley B. Moody, co-chaired by The Honorable Catherine Peek McEwen, and administered by the Bay Area Legal Services Volunteer Lawyers Program (BAVLP). Pro bono service in Hillsborough County, whether performed by an individual attorney or by an organization, is recognized and promoted as part of Hillsborough County’s HAVE A HEART program.
  Firm Files Chapter 11 Petition for Ocala Funding, LLC – July 10, 2012
Ocala Funding, LLC (“Ocala Funding”), a wholly-owned subsidiary of Taylor, Bean & Whitaker Mortgage Corp. (“TBW”), filed for Chapter 11 protection in the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division on July 10, 2012. Ocala Funding has approximately $3 billion in liabilities and $1 billion in assets. Ocala Funding’s demise was contemporaneous with that of TBW. The firm previously served as general bankruptcy counsel for TBW in its successful Chapter 11 case and now represents Ocala Funding, as Debtor-in-Possession.
  New Shareholders - Daniel R. Fogarty and Susan H. Sharp - July 2012
The firm is pleased to announce that Daniel A. Fogarty and Susan H. Sharp have become shareholders of Stichter, Riedel, Blain, and Prosser P.A. Susan joined the firm in 2004. Dan joined the firm in 2006 after clerking for the United States Bankruptcy Court in Tampa. They are both actively involved in the firm's bankruptcy, work-out, and state court practice.
  Elena Paras Ketchum Speaks At American Bankruptcy Institute’s 17th Annual Southeast Bankruptcy Workshop – July 25 -28, 2012
Elena Paras Ketchum participated on a four-member panel at the 17th Annual Southeast Bankruptcy Workshop hosted by the American Bankruptcy Institute. The panel spoke on the topic of Bankruptcy Litigation: A Practical Skills Guide providing a practical skills approach to litigating bankruptcy and insolvency matters, including contesting receivership proceedings in state court foreclosure actions and contested cash collateral motions in Chapter 11 cases. In addition to the foregoing, Ms. Ketchum specifically addressed litigating Chapter 11 plan confirmation issues.
  Four Shareholders Named Florida Legal Elite - July 1, 2012
Four shareholders, Harley E. Riedel, Russell M. Blain, Stephen R. Leslie, and Elena Paras Ketchum, were named to Florida Trend Magazine's 2012 list of "Florida Legal Elite." The Florida Legal Elite list recognizes the top 1.7% of all Florida Bar Members, based on the votes of fellow attorneys. For the third consecutive year (2010 through 2012), the firm ranked as first or tied for first in the number of Florida lawyers named in the practice area of “Bankruptcy and Workout” law.
  Stichter Riedel Again Receives Highest Recognition in Chambers USA 2012 Guide
For the tenth consecutive year, the firm received a first tier rating for its bankruptcy and reorganization practice in Chambers USA 2012 America's Leading Business Lawyers. The firm is the only Tampa-based law firm that received the first tier ranking in the bankruptcy and insolvency practice area. In addition to recognition of the law firm, shareholders Don M. Stichter, Harley E. Riedel, Russell M. Blain, Richard C. Prosser, Stephen R. Leslie and Elena Ketchum received individual recognitions. London-based Chambers & Partners conducts research via telephone interviews with clients and with attorneys. The qualities on which the rankings are assessed include technical legal ability, professional conduct, client service, commercial awareness/astuteness, diligence, commitment, and other qualities most valued by the client.
  Firm files chapter 11 petitions for sixteen members of the Odyssey Group
Since August 2010, SRBP has filed chapter 11 petitions for sixteen of the sixty-two members of the Odyssey Group, each involving one or more separate projects owned by a separate, special purpose limited liability company or a partnership and encumbered by a first mortgage. The total debt at issue in the filed cases was approximately $200 million dollars which was held by eight different lenders. Most of the cases have been resolved through confirmed plans of reorganization. The firm has assisted the non-filing members of the Odyssey Group in restructuring other loans in out-of-court workouts.
  Thirteen Firm Lawyers Recognized As Florida "Super Lawyers" Or “Rising Stars” - June 2012
Don M. Stichter, Harley E. Riedel, Russell M. Blain, Richard C. Prosser, Charles A. Postler, Scott A. Stichter, and Stephen R. Leslie, all shareholders in Stichter, Riedel, were named among Florida's Super Lawyers in the 2012 edition of Super Lawyers Magazine. Elena Paras Ketchum, Edward J. Peterson, Amy D. Harris, Daniel R. Fogarty, Susan H. Sharp, and Michael Bachman were recognized as “Rising Stars,” in the Bankruptcy & Creditor & Debtor Rights practice area. Harley E. Riedel, a founding shareholder of the firm, was also named for the fifth consecutive year as one of the top 10 lawyers in the State of Florida regardless of practice area and as one of the top three lawyers for the third consecutive year. Russell M. Blain was also named one of the top 100 lawyers in the State of Florida for the fifth consecutive year. Stichter, Riedel was the only firm in the State of Florida with as many as thirteen Lawyers listed as Super Lawyers or Rising Stars in the practice area of Bankruptcy & Creditor & Debtor Rights. Lawyers are chosen to be Super Lawyers or Rising Stars following an extensive process of nominations, balloting, blue ribbon panel review, and independent research compiled by Law & Politics magazine. Only 5% of the lawyers in Florida were selected as Super Lawyers. Law & Politics performs the polling, research and selection of Super Lawyers in a process designed to identify lawyers who have attained a high degree of peer recognition and professional achievement. Super Lawyers attempts to provide a comprehensive and diverse guide to outstanding attorneys, representing a wide range of practice areas, firm sizes and geographic locations. See link - - www.superlawyers.com
  Naples Bay Resort Gets “New Lease On Life” Through Closing Of Priming 364 Loan Facility - May 1, 2012
Following a series of emergent, contested hearings and a trial in the Basil Street Partners/Naples Bay Resort Chapter 7 case, on April 16, 2012, the United States Bankruptcy Court for the Middle District of Florida, Ft. Myers Division, entered an order overruling objections and approving a $3.6 million senior secured priming loan facility. The loan facility was requested and obtained by Stichter Riedel in an involuntary Chapter 7 case, prior to the entry of the order for relief, on behalf of the interim Chapter 7 trustee. The loan closed and funding occurred on May 1, 2012. The facility is available to, among other things, enable the state court appointed receiver to keep the resort open through 2012. The resort employs between 100 to 150 people in Collier County, Florida. The firm’s representation was led by Stephen R. Leslie and Daniel Fogarty.

Articles:
Naples Bay gets new lease on life - April 26, 2012
U.S. judge approves financing for troubled Naples Bay Resort - April 12, 2012
Naples Bay Resort financing delayed, employees put on notice - April 4, 2012
Financing in place to keep Naples Bay Resort running through 2012, receiver says - March 21, 2012
Naples Bay Resort seeks judge's OK for emergency cash to stay afloat - March 17, 2012
  Pro Bono Clinic for Non-Profits – April 18, 2012
On April 18, 2012, Susan Sharp headed up a pro bono clinic for non-profit organizations under the auspices of the Pro Bono Committee of the Business Law Section of the Florida Bar, Bay Area Legal Services, Inc., and Stetson University College of Law. The Clinic provided non-profit charitable, religious, civic and educational organizations an opportunity to consult with transactional attorneys regarding matters such as corporate formation and governance, taxes, contracts, employment, and real estate. The Business Law Section conducted similar clinics earlier this year in Jacksonville and Miami.
  Court Approves Sale of Cordoba Ranch April 13, 2012
Cordoba Ranch Development, LLC filed a Chapter 11 petition on August 25, 2011. Cordoba Ranch owned 803 acres of vacant land in Hillsborough County, Florida which was part of planned development. Stichter, Riedel filed a plan which provided for the sale of the land to a national builder for $13 million plus the assumption of $8 million of CDD debt. The Plan was confirmed by the Bankruptcy Court on April 13, 2012, and the sale closed on April 30, 2012.
  Harley E. Riedel Speaks At The Southeast Bankruptcy Law Institute- March 22-24, 2012
Harley E. Riedel spoke at the thirty-eighth annual seminar sponsored by the Southeast Bankruptcy Law Institute in Atlanta, Georgia on March 22 and236, 2012 on the topics “When You Need It the Most: Directors and Officers Insurance in Bankruptcy” and “Drafting Disclosure Statements and Chapter 11 Plans.”
  Onesource Coil Coaters Files For Relief Under Chapter 11 – January 25, 2012
On January 25, 2012, the firm filed a Chapter 11 bankruptcy case for OneSource, f/k/a Cooper Coating Company, LLC, (“OneSource”) and Satya Investments (“Satya”). OneSource, originally founded in 2002, provides coating and other finishing for a variety of building, lighting, and metal roofing products, including its brand name “CoolSource”, an Energy Star rated roofing product that reflects and emits the sun’s heat instead of transmitting it to the building below. Satya, founded in 1995, holds the ground lease for the manufacturing facility used in OneSource’s operations. http://onesource-llc.com/ The firm’s representation of the debtors in these cases is led by Stephen Leslie and Daniel Fogarty.
  Royal Public Fort Myers II, LLC Confirms Its Chapter 11 Plan Including A Partial Condo Termination – January 25, 2012
On January 25, 2012, the United States Bankruptcy Court for the Middle District of Florida, Ft. Myers Division, confirmed the plan of reorganization proposed by Royal Public Fort Myers, II (“Royal Public”). In a first of its kind restructuring in Chapter 11, Royal Public simultaneously sought and obtained approval of a “partial termination” of the condominium under Florida Statutes Chapter 718, as recently amended by the Florida Legislature in July 2011 to address phantom assessment and leverage issues for Florida condominiums. The partial termination in Chapter 11 and under Fla. Stat. Chapter 718, was supported by both the condominium association and the secured lender, Busey Bank. Royal Public is the developer of the Marbella on Cypress condominium project located in Lee County. The development includes a mixture of 2 and 3 bedroom coach homes with Mediterranean styling, located in four residential buildings, as well as an amenity package including gatehouse, clubhouse with exercise facility, a movie theater, and recreational facilities including a pool and spa and a nature preserve. http://www.marbellaoncypress.com/. Stephen Leslie and Daniel Fogarty lead the firm’s representation in this matter.
  Rick Johnson Auto & Tire Seeks Relief Under Chapter 11 – December 15, 2011
On December 15-16, 2011, the firm filed a series of Chapter 11 bankruptcy cases for Rick Johnson Auto & Tire (“Rick Johnson Auto”), consisting of a group of retail tire and automotive service stores, with ten locations throughout Southwest Florida. Rick Johnson Auto is a leader in the retail automotive and tire service industry in Southwest Florida, and has received numerous industry and consumer awards. http://www.rjtires.com/ The debtors are represented by Stephen Leslie and Daniel Fogarty in these cases.
  Stichter Riedel Confirms Individual Developer Chapter 11 For Ft Myers Based Custom Homebuilder – November 21, 2011
On November 21, 2011, the United States Bankruptcy Court for the Middle District of Florida, Fort Myers Division, entered orders confirming an individual Chapter 11 case and approving a related settlement for a regional southwest Florida luxury homebuilder who has built over 1000 custom homes generating over $500 million in revenue. The case involved a detailed settlement of tenancy by the entireties and other exemption issues, as well as resolving guarantees of numerous real estate loans. The debtor is continuing in business following the restructuring and deleveraging. The debtor was represented by Stephen Leslie and Susan Sharp.
  Stichter Riedel Confirms Chapter 11 Cases For Owners of Property Being Developed In Georgia – NOVEMBER 2011
On November 2, 2011, the United States Bankruptcy Court for the Middle District of Florida, Tampa Division, entered an order confirming two Chapter 11 cases. The companies own mortgaged real property in Georgia. During the cases and under the Plan, the Debtors modified the mortgage loan to allow the companies to restructure the mortgage debt. The debtors were represented by Don M. Stichter and Barbara Hart.
  STEPHEN R. LESLIE SPEAKS AT PANEL PRESENTATION IN SARASOTA – November 3, 2011
On November 3, 2011, Stephen R. Leslie participated as part of a four member panel before the Tiger Bay Club in Sarasota, Florida. The topic was “Commercial Foreclosures: The Next Tsunami?” and its impact upon the Florida business community.
  NAPLES BAY RESORT – INTERIM WORKING CAPITAL RESOLUTION ACHIEVED FOR NAPLES BAY RESORT – November 2, 2011
On November 2, 2011, the United States Bankruptcy Court for the Middle District of Florida, Ft. Myers Division, entered an order memorializing the results of two days of evidentiary hearings involving the firm’s representation of the Chapter 7 trustee in the Naples Bay Resort bankruptcy case. Because of the absence of sufficient working capital and a virtual deadlock between ownership groups, four petitioning creditors sought involuntary relief against Naples Bay Resort in Bankruptcy Court. The firm was engaged by the Chapter 7 trustee to quickly evaluate the situation and prosecute emergency financing under Section 364 of the Code. After two days in trial, an interim global resolution was reached and funding for the project was achieved. The project employs between 100 to 150 people in Collier County, Florida. The firm’s representation was led by Stephen R. Leslie and Daniel Fogarty.
  AMY DENTON HARRIS SPEAKS AT COMMERCIAL REAL ESTATE SYMPOSIUM AT FLORIDA SOUTHERN COLLEGE – October 21, 2011
Amy Denton Harris participated on a four-member panel at Florida Southern College’s Commercial Real Estate Symposium on October 21, 2011. Ms. Harris addressed strategies for preserving viable real estate projects, strategies for the disposition of real estate projects which are not viable, as well as the law and mechanics of employing those strategies. The symposium was sponsored by the Barney Barnett School of Business & Economics at Florida Southern College, the Turnaround Management Association of Florida, NAIOP (the Commercial Real Estate Development Association), the Lakeland Chamber of Commerce, and Getzler Henrich & Associates LLC.
  SUNCOAST ALUMINUM FURNITURE – FURNITURE MANUFACTURING COMPANY SUCCESSFULLY EXITS CHAPTER 11 AND DELEVERAGES – October 4, 2011
On October 4, 2011, the United States Bankruptcy Court for the Middle District of Florida, Ft. Myers Division, confirmed the stand alone plan of reorganization presented by Suncoast Aluminum Furniture, Inc. Suncoast is a second generation outdoor patio furniture manufacturing company headquartered in Southwest Florida. Confirmation of the plan will effectuate a successful deleveraging for Suncoast and its affiliated retail operation, Patio Now. The confirmed plan incorporates a resolution of all legacy leverage issues concerning its former senior secured creditor, Busey Bank, including resolution of personal guaranties. Suncoast currently employs approximately 50 people. The firm’s representation was led by Stephen R. Leslie and Daniel Fogarty.
Article
  STICHTER RIEDEL CONFIRMS CHAPTER 11 CASES FOR RESTAURANT OPERATORS – SEPTEMBER 2011
On September 2, 2011, the United States Bankruptcy Court for the Middle District of Florida, Tampa Division, entered an order confirming six related Chapter 11 cases. The companies own and operate franchise restaurants in the Tampa Bay area. During the cases and under the Plan, the Debtors sold one division, and retained one division, and will pay all creditors in full under their joint plan. The debtors were represented by Daniel R. Fogarty.
  Court Confirms Plan Of Reorganization For North Cape Page, Inc. August, 2011
In August 2011 the United States Bankruptcy Court for the Middle District of Florida, Fort Myers Division, confirmed the Debtor’s Plan of Reorganization in the North Cape Page, Inc. Chapter 11 case. owns one of four “Stevie Tomato’s Sports Page” sports grills in Southwest Florida, the first of which opened in 1999. Stevie Tomato’s serves classic American cuisine, has a fully stocked bar, and provides regular music entertainment. North Cape Page, Inc’s restaurant is located at 814 Pine Island Road in Cape Coral, Florida. North Cape Page, Inc. filed for relief under Chapter 11 on November 24, 2010, and the plan restructures obligations to the Debtor’s secured lenders and allows the Debtor to remain in business under a substantial portion of its pre-petition management and with new equity in place. As of the date of confirmation, the Debtor had approximately 37 employees. Steve Leslie and Michael Bachman led the firm’s representation in this case.
  FIRM CLOSES SALE OF ASSETS OF DIRECT MARKETING COMPANIES - AUGUST 2011
Stichter Riedel represented the sellers in an out-of-court transaction involving a $28 million going-concern sale of the assets of seven (7) direct marketing companies with operations in multiple states. The companies serve more than 5,000 clients across a wide variety of industries. The sale preserves jobs for over 120 employees in 13 states. Amy Denton Harris and Michael Bachman represented the sellers in this transaction.
  STICHTER RIEDEL CONFIRMS TWO INDIVIDUAL CHAPTER 11 CASES FOR HOMEBUILDERS - AUGUST 31, 2011
On August 31, 2011, the United States Bankruptcy Court for the Middle District of Florida, Fort Myers Division, entered orders confirming two individual Chapter 11 cases for southwest Florida homebuilders. The cases involved the individuals’ guarantees of numerous corporate loans. The debtors were represented by Amy Denton Harris.
  TAYLOR, BEAN & WHITAKER MORTGAGE CORP. PLAN CONFIRMED – JULY 13, 2011
After a four-hour hearing, the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division, confirmed the Chapter 11 Plan filed by Taylor, Bean & Whitaker Mortgage Corp. The case was one of the largest cases in the country and the largest case in Florida. The plan included a series of compromises with creditors, including the FDIC, Bank of America, Wells Fargo, and Freddie Mac, and will result in distributions of approximately $300 million to creditors, a result that Bankruptcy Judge Funk termed “amazing” in his ruling confirming the plan. The firm represented the Debtor in Possession, and Russell M. Blain and Edward J. Peterson led the firm’s representation in the case with primary assistance from Amy D. Harris and Daniel R. Fogarty.
  DEBTORS’ CONFIRM JOINT PLAN OF REORGANIZATION IN CASE INVOLVING A CONSTRUCTION COMPANY, AN ARCHITECTURAL FIRM, A MARINA, AND REAL ESTATE- JULY 8, 2011
On July 8, 2011, the United States Bankruptcy Court for the Middle District of Florida, Tampa Division confirmed the Joint Chapter 11 Plan of Reorganization in the jointly administered Chapter 11 cases of Mike Carter Construction, Inc., R.D. Marina, LLC, Production Properties and the five other Debtors. The Debtors formed an integrated enterprise engaged in the business of owning and operating commercial properties, including office buildings, a construction company, an architectural firm, and a marina located in Bradenton, Florida. The confirmed Chapter 11 Plan approves a settlement of approximately $25,000,000 in debt with Southern Commerce Bank. These cases presented a myriad of challenging issues, including addressing numerous loans with the secured lender, resolving disputes with a marina association and dealing with properties located in Costa Rica. Richard Prosser, Edward Peterson, and Elena Ketchum handled this representation.
  STICHTER, RIEDEL LEADS FLORIDA BANKRUPTCY AND WORKOUT FIRMS IN NUMBER OF LAWYERS RECOGNIZED BY FLORIDA TREND MAGAZINE - JULY 2011
Harley E. Riedel, Russell M. Blain, Richard C. Prosser, Charles A. Postler and Scott A. Stichter, shareholders in Stichter, Riedel, were listed as among the top tier of attorneys in the state in the category of "Bankruptcy & Workout" in Florida Trend Magazine’s 2011 listing of “Florida Legal Elite.” No other firm in the state had as many as five listed lawyers in the "Bankruptcy & Workout" category in 2011. According to Florida Trend’s July 2011 edition, the Florida Legal Elite features outstanding attorneys endorsed by their peers through a voting process in 29 areas of practice. The 2011 Legal Elite list includes lawyers from 596 different firms, practicing in 68 Florida cities.
  Firm Successfully Defends $15 Million Dollar Negligent Misrepresentation Claim Against Manager Of Condo Converter And Officer Of Manager – June 17, 2011
Hillsborough County Circuit Court Judge James Barton dismissed with prejudice a $15 million dollar negligent misrepresentation claim brought by the condominium association against the manager of a condo converter and an officer of the manager for failing to disclose alleged defects in the condition of an apartment complex which was converted to condominiums. In dismissing the claim, the Court held that a claim for negligent misrepresentation did not extend to these non-professionals who were not in privity with the purchasers and had no duty to disclose the condition of the property. The condominium association appealed the decision. Amy Denton Harris and Barbara Hart handled the representation on behalf of the manager of the condo converter and the officer of the manager. The Villas Condominiums Association, Inc. v. Villas Funding Company, Inc., et al., Case No. 09-CA-11376.
 
 
  Articles
  Practical Issues Surrounding Section 363 Sales by Harley E. Riedel and Edward J. Peterson, 19 U. Fla. J. of Law and Public Policy 75, April 2008 (Read Full Text...)
  Spoliation of Electronic Information: In re Quintus Corp. by Daniel J. Fogarty April 2007 (Read Full Text...)
  Joint Check Agreements in Florida Bankruptcy Cases by Edward J.Peterson April 13, 2007 (Read Full Text...)
 
 
 
Firm Honors
  Martindale-Hubbell - 75% of SRBP lawyers are rated "AV Preeminent Lawyer"
  Harley Riedel named in International Who's Who of Insolvency and Restructuring Lawyers 2012 - – August 10, 2013
  Florida Trend Magazine Names Eight Shareholders as Florida “Legal Elite” or “Up & Comers” - July 1, 2013
  Harley E. Riedel & Russell M. Blain Named to Florida Trend Magazine’s Legal Elite Hall of Fame - July 2013
  Twelve Firm Lawyers Recognized As Florida "Super Lawyers" Or “Rising Stars” - July 2013
  Eight Firm Lawyers Recognized in 2013 Edition of Best Lawyers in America - 2013
  Eight Firm Lawyers Recognized by Thirteenth Judicial Circuit for Pro Bono Contributions - May 2013
  B. Michael Bachman, Jr. Receives AV Rating from Martindale-Hubbell - March 2013
  Firm again Ranked Tier 1 in Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law in US News 2013 “Best Law Firms” - November 2012
  Don M. Stichter And Harley E. Riedel Recognized By Expert Guides As Outstanding Insolvency And Restructuring Lawyers For 2012 - September 2012
  Don M. Stichter Named Tampa’s Bankruptcy and Creditor-Debtor Rights Lawyer of the Year by Best Lawyers for 2013 by Best Lawyers in America - September 2012
  Don M. Stichter Awarded Judge Don Castor Justice Award - September 13, 2012 - September 13, 2012
  Firm Named Top Firm in Florida for Business and Transactions - August 22, 2012
  Florida's Legal Elite 2012 - Four Firm Lawyers Named
  Chambers USA 2012 Guide - Stichter Riedel Again Receives Highest Recognition
  Thirteenth Judicial Circuit’s Pro Bono Service Award - Received by Stichter, Riedel, Blain & Prosser P.A.
  Bay Area Legal Services - Firm Recognized as Sustaining Member for 2012
  Best Lawyers’ 2010 Tampa Bankruptcy and Creditor-Debtor Rights Lawyer of the Year - Harley E. Riedel II Named
  Expert Guides - Don M. Stichter and Harley E. Riedel recognized as Outstanding Insolvency and Restructuring Lawyers for 2011
  Florida "Super Lawyers" Or “Rising Stars” - Thirteen Firm Lawyers Recognized - June 2012
  Best Lawyers in America - Six Firm Lawyers Recognized as "Best Lawyers" in the 2011 Edition
  Florida's Legal Elite 2011 - Five Firm Lawyers Named
  "Florida Super Lawyers" or "Rising Stars" - Thirteen Firm Lawyers Recognized; Harley E. Riedel Recognized as Top Vote Getter in the State of Florida - June 2011
  Chambers USA 2011 Guide - Stichter Riedel Again Receives Highest Recognition
  Florida Trend Magazine Names Four Firm Lawyers to Florida's Legal Elite - July 2010
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  Eleven Firm Lawyers Recognized as "Florida Super Lawyers" or “Rising Stars” - June 2010
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  Six Firm Lawyers Recognized as "Best Lawyers" in the 2010 Edition of The Best Lawyers in America
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  Harley E. Riedel II has been named the Best Lawyers’ 2010 Tampa Bankruptcy and Creditor-Debtor Rights Lawyer of the Year
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  Florida Trend Magazine Names Two Firm Lawyers to Florida's Legal Elite - July 2009
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  Eleven Firm Lawyers Recognized as "Florida Super Lawyers" or “Rising Stars” in the 2009 Edition of Super Lawyers Magazine
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  Stichter Riedel Again Receives Highest Recognition in the World-Famous Chambers USA 2009 Guide
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  Firm Recommended as Only Tampa-Based Insolvency Firm in "Legal 500 U.S. 2009"
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  Don M. Stichter and Harley E. Riedel recognized by Expert Guides as Outstanding Insolvency and Restructuring Lawyers for 2009
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  Four Stichter Riedel Partners selected in 2009 Edition of The Best Lawyers in America
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  Four Firm Shareholders Named "Florida Super Lawyers" in the 2008 Edition of Super Lawyers Magazine
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  Florida Trend Magazine Names Four Firm Lawyers to 2008 Florida's Legal Elite
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  Three Shareholders Named in the 2008 Edition of Florida’s “Who’s Who Legal"
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  Florida Trend Magazine Names Four Firm Lawyers to 2007 Florida’s Legal Elite
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  Stichter Riedel Again Receives Highest Recognition in the World-Famous Chambers USA 2007
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  Four Firm Lawyers Named Florida “Super Lawyers” for 2007
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  Best Lawyers in America Recognizes Four Stichter, Riedel Lawyers in its 2007 Edition
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  Stichter Riedel Again Receives Highest Recognition in the World-Famous Chambers USA 2006
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  Four Firm Lawyers Named Florida “Super Lawyers” for 2006
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  Best Lawyers in America Recognizes Four Stichter, Riedel Lawyers in its 2006 Edition
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  Florida Trend Magazine Names Three Firm Lawyers to Florida’s Legal Elite
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  Stichter, Riedel Lawyer Harley E. Riedel Selected for Inclusion in “Who's Who Legal USA - Insolvency & Restructuring 2006.”
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  Chambers USA Recognizes Stichter, Riedel and its Lawyers in its 2005 Edition of America’s Leading Attorneys for Business
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  Stichter, Riedel recognized by HCBA for Outstanding Pro Bono Services by a Law Firm
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  Archived News
  THIRTEEN FIRM LAWYERS RECOGNIZED AS "FLORIDA SUPER LAWYERS" OR “RISING STARS;” HARLEY E. RIEDEL RECOGNIZED AS TOP VOTE GETTER IN THE STATE OF FLORIDA - JUNE 2011
Don M. Stichter, Harley E. Riedel, Russell M. Blain, Richard C. Prosser, Charles A. Postler, Scott A. Stichter, and Stephen R. Leslie, all shareholders in Stichter, Riedel, were named among Florida's Super Lawyers in the 2011edition of Super Lawyers Magazine. Elena Paras Ketchum, Edward J. Peterson, Amy D. Harris, Daniel R. Fogarty, Susan H. Sharp, and Barbara Hart were recognized as “Rising Stars,” in the bankruptcy/insolvency practice area. Harley E. Riedel, a founding shareholder of the firm, was also named for the fourth consecutive year as one of the top 10 lawyers in the State of Florida regardless of practice area and received the most points among all Florida lawyers. Russell M. Blain was also named one of the top 100 lawyers in the State of Florida for the fifth consecutive year. Lawyers are chosen to be Super Lawyers or Rising Stars following an extensive process of nominations, balloting, blue ribbon panel review, and independent research compiled by Law & Politics magazine. Only 5% of the lawyers in Florida were selected as Super Lawyers. Law & Politics performs the polling, research and selection of Super Lawyers in a process designed to identify lawyers who have attained a high degree of peer recognition and professional achievement. Super Lawyers attempts to provide a comprehensive and diverse guide to outstanding attorneys, representing a wide range of practice areas, firm sizes and geographic locations. See link - www.superlawyers.com


FIRM COMPLETES RESTRUCTURING OF BRITISH VIRGIN ISLANDS LOANS– June 2011
Stichter Riedel successfully concluded the restructuring of a $107 million loan facility secured by residential lots, condo-hotel units, resort amenities (restaurants, gift shops, etc.), a marina, a desalination plant, and other assets located on a previously undeveloped island in the British Virgin Islands. The restructured loan will mature in 2020, provided the owner meets certain benchmarks in connection with hotel operations and sales of land and units. Charles Postler and Harley Riedel represented the owner in this engagement.


STICHTER RIEDEL AGAIN RECEIVES HIGHEST RECOGNITION IN CHAMBERS USA 2011 GUIDE - June, 2011
For the ninth consecutive year, the firm received a first tier rating for its bankruptcy and reorganization practice in Chambers USA 2011 America's Leading Business Lawyers. The firm is the only Tampa-based law firm that received the first tier ranking in the bankruptcy and insolvency practice area. In addition to recognition of the law firm, shareholders Don M. Stichter, Harley E. Riedel, Russell M. Blain, Richard C. Prosser, and Stephen R. Leslie received individual recognitions. London-based Chambers & Partners conducts research via telephone interviews with clients and with attorneys. The qualities on which the rankings are assessed include technical legal ability, professional conduct, client service, commercial awareness/astuteness, diligence, commitment, and other qualities most valued by the client.


DON M. STICHTER AND HARLEY E. RIEDEL RECOGNIZED BY EXPERT GUIDES AS OUTSTANDING INSOLVENCY AND RESTRUCTURING LAWYERS FOR 2011
Shareholders Don M. Stichter and Harley E. Riedel were recognized by Legal Media Group's Expert Guides as outstanding insolvency and restructuring lawyers for 2011. They represent two of only four attorneys with practices in Tampa or on the west coast of Florida who were so recognized. Legal Media Group commissions its research department to carry out an in-depth study of experts in various fields of law being examined. For more information, see www.expertguides.com.


SIX FIRM LAWYERS RECOGNIZED AS "BEST LAWYERS" IN THE 2011 EDITION OF BEST LAWYERS IN AMERICA - 2011
Six of the firm's partners, Don Stichter, Harley Riedel, Russ Blain, Richard Prosser, Charles Postler, and Scott Stichter are listed in the Bankruptcy Lawyers section of Best Lawyers in America in 2011, more than any other firm based in Tampa. Since 2001, the firm has had at least four attorneys continuously listed in the Bankruptcy Lawyers section of Best Lawyers in America - the only firm in Florida, Georgia and Alabama (the three states comprising the territory of the Eleventh Circuit Court of Appeal) to be so honored. Don Stichter and Mr. Riedel have been listed for more than twenty years in this category, and Messrs. Blain and Prosser have been listed for more than ten years.


Court Confirms Plan Of Reorganization For Pebble Page, Inc. May, 2011
In May 2011 the United States Bankruptcy Court for the Middle District of Florida, Fort Myers Division, confirmed the Debtor’s Plan of Reorganization in the Pebble Page, Inc. Chapter 11 case. Pebble Page, Inc. owns one of four “Stevie Tomato’s Sports Page” sports grills in Southwest Florida, the first of which opened in 1999. Stevie Tomato’s serves classic American cuisine, has a fully stocked bar, and provides regular music entertainment. Pebble Page, Inc.’s restaurant is located at 15215 Collier Blvd. in Naples, Florida. The company filed for relief under Chapter 11 on September 13, 2010, and the plan restructures obligations to the Debtor’s secured lenders and allows the Debtor to remain in business under a substantial portion of its pre-petition management with new equity in place. As of the date of confirmation, the Debtor had approximately 39 employees. Steve Leslie and Michael Bachman led the firm’s representation in this case.


COURT ENTERS ORDERS CONFIRMING PLANS OF REORGANIZATION IN THREE RETAIL SHOPPING CENTER CASES – May 2011
In three related cases filed on August 2, 2010, the Bankruptcy Court entered orders resolving disputes between the debtors, a lender, and third-party guarantors. In the cases, involving Publix-anchored shopping centers, the Court confirmed plans that provided for an auction of the centers, with an up front carve-out for unsecured creditors and equity holders and a sharing of proceeds in excess of agreed amounts. The lender agreed to submit a stalking horse credit bid for a portion of its debt and to refrain from further bidding; the guarantors were released. Edward Peterson, Harley Riedel, and Michael Bachman represented the Debtors in these cases. The Court-approved auction involved spirited bidding and resulted in a sale well in excess of the stalking horse bid for each center.


HARLEY E. RIEDEL SPEAKS AT THE SOUTHEAST BANKRUPTCY LAW INSTITUTE- APRIL 14-16, 2011
Harley E. Riedel spoke at the thirty-seventh annual seminar sponsored by the Southeast Bankruptcy Law Institute in Atlanta, Georgia on April 15 and16, 2011 on the topics “Real Estate Chapter 11s: Are They Yet to Come?” and on “Relief for Individual Business Debtors.


COURT ENTERS ORDER CONFIRMING CHAPTER 11 PLAN IN APARTMENT CASE – April 2011
On April 26, 2011, the Bankruptcy Court approved the Chapter 11 plan filed by The Cove Apartments in Tampa. The large water-front apartment complex was subject to a first mortgage in the principal amount of $50 million. The case involved numerous issues, including confirmation and cram-down disputes, the availability of post-confirmation injunctions protecting third parties who would be required to fund a portion of the plan distributions to creditors, and the enforceability of yield maintenance provisions. Harley Riedel and Dan Fogarty represented the Debtor.


COURT CONFIRMS PLAN OF REORGANIZATION IN RETAIL SHOPPING CENTER CASE – April 2011
On April 12, 2011 the Bankruptcy Court confirmed the Debtor’s Chapter 11 plan that provided for the restructuring of first mortgage debt secured by a retail shopping center. Following a mediated settlement with the first mortgage holder, a consensual plan provided for the extension of the loan for five years, with interest payable at the rate of 5.25% during the extended term. The plan provides that interest only will be payable for one year. In years two and three, the loan will be amortized on a 30-year amortization schedule; in years four and five, the loan will be amortized on a 25-year amortization schedule. Unsecured creditors will be paid in full. Edward Peterson, Harley Riedel, and Michael Bachman represented the Debtors in these cases.


COURT CONFIRMS PLAN OF REORGANIZATION FOR B.C. BUNDT, INC. - April 2011
In April 2011 the United States Bankruptcy Court for the Middle District of Florida, Tampa Division, confirmed the Debtor’s Plan of Reorganization in the B.C. Bundt Chapter 11 case. B.C. Bundt specializes in baking bundt cakes, including branded cake products such as 7UP,™ Orange Crush,™ Hawaiian Punch,™ Cherry Vanilla Dr Pepper,™ and Berries & Cream Dr Pepper.™ The Company provides its products to store bakeries, food service, commercial bakeries, club warehouses, and convenient stores throughout the United States. B.C. Bundt filed for relief under Chapter 11 on June 30, 2010, and the plan restructures obligations to the Debtor’s secured lender and allows the Debtor to remain in business under its prepetition management and with prepetition equity in place. Susan Sharp led the firm’s representation in this case.


ROYAL PUBLIC FORT MYERS II, LLC FILES FOR RELIEF UNDER CHAPTER 11 – April 20, 2011
On April 20, 2011, the firm filed a Chapter 11 bankruptcy case for Royal Public Fort Myers II, LLC (“Royal Public”). Royal Public is an Illinois LLC that is the developer of the Marbella on Cypress condominium project located in Lee County. The development includes a mixture of 2 and 3 bedroom coach homes with Mediterranean styling, located in four residential buildings, as well as an amenity package including gatehouse, clubhouse with exercise facility, a movie theater, and recreational facilities including a pool and spa and a nature preserve. http://www.marbellaoncypress.com/. Stephen Leslie and Daniel Fogarty are heading up the firm’s representation in this matter.


AMY DENTON HARRIS SPEAKS AT FLORIDA JUDGMENT ENFORCEMENT SEMINAR – April 6, 2011
Amy Denton Harris spoke at Lorman Education Services' Florida Judgment Enforcement seminar on April 6, 2011. Her presentation addressed the types of bankruptcy relief, the automatic stay, adequate protection, claims in bankruptcy and fraudulent transfers.


FIRM SETTLES MASSIVE DISPUTE WITH THE DEPARTMENT OF FINANCIAL SERVICES ON BEHALF OF THE POE FAMILY AND POE FINANCIAL GROUP - March 30, 2011
Representation included an eight day trial on an objection to claim and handling significant discovery efforts in connection with our client’s objection to DFS’ Claim in the Poe Insurance Managers, LLC bankruptcy as well as DFS’ objection to a negotiated settlement with the Liquidating Trustee, which finally culminated in a settlement with DFS and the Liquidating Trustee on behalf of our clients. These efforts will be instrumental in closing bankruptcy estates which have been open for nearly six years.


GEOPHARMA, INC. FILES FOR RELIEF UNDER CHAPTER 11 – March 2011
On March 23, 2011, GeoPharma, Inc d/b/a Innovative Health Products, filed a voluntary petition for relief under Chapter 11 in the United States Bankruptcy Court for the Middle District of Florida, Tampa Division. GeoPharma, formulates, manufactures and distributes health and beauty aids. GeoPharma specializes in custom contract manufacturing and private labeling services for the nutrition and health sector. The core operation of the business is the manufacturing of nutritional supplements and skin care products. GeoPharma has the capability to manufacture its products in a variety of different forms, including capsules, tablets, powders, liquids and creams. GeoPharma’s equipment allows it to produce, on an annual basis, approximately 500 million capsules, over 1 billion tablets, 20 million 8-ounce liquids, 20 million 4-ounce creams, and over 5,000 tons of powder blends. GeoPharma can also assist with product concepts, formulation development, laboratory services, package and label designs, and improvements and reverse engineering of existing products. GeoPharma operates out of its production, manufacturing and warehousing facility located in Largo, Florida. Charles A. Postler and Daniel R. Fogarty head up the firm’s representation.


ELENA PARAS KETCHUM SPEAKS AT HILLSBOROUGH COUNTY BAR ASSOCIATION SEMINAR – March 17, 2011
Elena Paras Ketchum participated in a panel discussion entitled "Understanding Bankruptcy Issues in Family Law Cases" presented by the Hillsborough County Bar Association, Family Law Section on March 17, 2011. The panel included a bankruptcy judge from the Middle District of Florida and two other attorneys. Ms. Ketchum addressed questions and issues related to the intersection of bankruptcy filings and divorce proceedings.


CHARLES A. POSTLER SPEAKS AT SEMINAR SPONSORED BY THE HILLSBOROUGH COUNTY BAR ASSOCIATION- March 16, 2011
Charles Postler spoke at the seminar "New Technology Frontiers and Modern Corporate Realities" sponsored by the Hillsborough County Bar Association. Mr. Postler's presentation was entitled “Expect the Best, Plan for the Worst: Bankruptcy Issues in IP ‎Licensing.” Mr. Postler lectured on the securitization, licensing and assignment of intellectual property and intellectual property rights and bankruptcy issues relating to those matters, specifically including the impact of Section 365 of the Bankruptcy Code on intellectual property and intellectual property rights.


COURT APPROVES DELEVERAGING AND SETTLEMENT REGARDING COLONIAL CONSTRUCTION COMPANY, INC. AND ITS AFFILIATES UNDER SECTION 363 SALE – JANUARY 20, 2011
On January 20, 2011, the United States Bankruptcy Court, Middle District of Florida, Fort Myers Division, approved a sale of substantially all assets of Colonial Construction Company, Inc., and its affiliates Colonial Ready Mix, LLC, and CCC Trucking, LLC, after a Court approved bidding process, free and clear of liens and claims. The sale followed a global resolution and settlement of pending litigation with a former owner, Perry Lawrence, approved by the Court in December 2010, wherein Lawrence withdrew all claims against his former partner, the companies, and ownership. LINK: Ex-owner lays claim to three firms The companies have 64 employees, and the buyer will continue to produce prestressed structural floor and roof systems, and steel, block, and hollow core concrete, from its ready mix batch plant in Charlotte County, Florida. Steve Leslie and Dan Fogarty represented the company through the litigation, settlement, and sale process.


COURT APPROVES EMERGENCY SECTION 363 SALE OF FLESHER WINDOWS, INC. – JANUARY 18, 2011
On January 18, 2011, the United States Bankruptcy Court, Middle District of Florida, Fort Myers Division, approved a sale of substantially all assets of Flesher Windows, Inc. free and clear of liens and claims after an emergency competitive auction conducted at the direction of the Court by Stichter Riedel. The sale was conducted on an expedited basis, and in connection therewith the company was able to negotiate resolutions with its primary secured creditor, landlord, the tax collector, major suppliers, and the Official Committee of Unsecured Creditors. The successful bidder was Eastern Metal Supply, Inc. http://www.easternmetal.com/ The company has 49 employees, and the buyer will continue to manufacture and sell a wide variety of windows and doors built specifically for Florida’s and the southeast’s varied and extreme weather conditions from its Lee County, Florida location. Steve Leslie and Amy Denton Harris handled the negotiation, auction, and sale process.


SUNCOAST ALUMINUM FURNITURE, INC. FILES FOR RELIEF UNDER CHAPTER 11 – DECEMBER, 2010
On December 3, 2010, Suncoast Aluminum Furniture, Inc. filed a voluntary petition for relief under Chapter 11 in the United States Bankruptcy Court for the Middle District of Florida, Fort Myers Division. Suncoast, a family owned and operated, customer oriented manufacturer, distributor, and marketer of quality, affordable outdoor furniture, is a leader of design in the casual furniture industry, winning two highly recognized industry awards. Suncoast operates out of a manufacturing facility located in Fort Myers, Florida. Steve Leslie and Daniel Fogarty head up the firm’s representation.


COLONIAL CONSTRUCTION COMPANY, INC. AND ITS AFFILIATES FILE FOR RELIEF UNDER CHAPTER 11 – NOVEMBER 22, 2010
On November 22, 2010, Colonial Construction Company, Inc., and its affiliates Colonial Ready Mix, LLC, and CCC Trucking, LLC, filed voluntary petitions for relief under Chapter 11 in the United States Bankruptcy Court, Middle District of Florida, Fort Myers Division. The Debtors are one of the largest single-plant producers of prestressed structural floor and roof systems in the Southeastern United States, supplying steel, block, and hollow core concrete via utilizing its state of the art ready mix batch plant. The Bankruptcy Court has approved procedures for a sale of substantially all of the Debtors’ assets, by auction. Steve Leslie, Michael Bachman, and Daniel Fogarty head up the representation of the Debtors.


COURT CONFIRMS PLAN OF REORGANIZATION AMERICAN ENVIRONMENTAL CONTAINER CORP. AND ITS AFFILIATES - NOVEMBER 2010
Faced with financial pressures resulting from the economic recession and maturing loan facilities, American Environmental Container Corp. and six affiliates filed voluntary petitions for relief under Chapter 11 on November 2, 2009. At that time, they owned and operated three facilities located in Florida, Arizona, and Indiana which manufactured fiberglass pools that were in turn sold and distributed through a network of approximately 500 dealers located in all fifty states, several Canadian provinces, and Europe. They are the largest manufacturers of fiberglass pools in the United States. On November 10, 2010, a Chapter 11 plan was confirmed that restructured the debt, and the companies will remain in business. Elena Ketchum and Michael Bachman were extensively involved in the representation.


FLESHER WINDOWS, INC. FILES FOR RELIEF UNDER CHAPTER 11 – OCTOBER, 2010
On October 1, 2010, Flesher Windows, Inc. filed its petition for voluntary relief under Chapter 11 in the United States Bankruptcy Court, Middle District of Florida, Fort Myers Division. Flesher Windows manufacturers and sells a wide variety of windows and doors, particularly its trademarked Earthwise™ Vinyl and Vinyl IMPACT hurricane rates windows, which are built specifically for Florida’s and the southeast’s varied and extreme weather conditions. Steve Leslie and Amy Denton Harris head up the firm’s representation.


COURT CONFIRMS PLAN OF REORGANIZATION FOR ELITE VINYL PRODUCTS, INC. AND ARROW FENCE SYSTEMS, INC. – OCTOBER 2010
Elite Vinyl is a wholesale fence manufacturer and distributor, and Arrow Fence is a custom fence retailer and installer. In August, 2010, the United States Bankruptcy Court for the Middle District of Florida, Tampa Division, confirmed the Debtors’ Joint Plan of Reorganization, which successfully restructured the various obligations to the Debtors’ primary secured lender. Daniel Fogarty led the representation of the debtors in these cases.


COURT ENTERS ORDER CONFIRMING LIQUIDATING PLAN OF REORGANIZATION – SEPTEMBER, 2010
The Debtors were the owners of nine diagnostic centers. The Court had previously entered an order approving the sale of certain of the centers. The Debtors, together with the Official Committee of Unsecured Creditors, filed a liquidating plan. On September 16, 2010, this Court entered its order confirming the plan. Charles A. Postler and Scott A. Stichter represented the Debtors in these cases.


COURT ENTERS ORDER CONFIRMING PLAN IN HOTEL CASE – SEPTEMBER, 2010
The firm represented the owner of a 120 room beachfront hotel located on Clearwater Beach. Mortgage liens against the hotel exceeded $21 million. The plan confirmed by the Court provided for the restructuring of the mortgage obligations by issuance to the mortgagee of A Notes and B Notes. Scott A. Stichter and Harley E. Riedel represented the Debtor in this case.


EDWARD J. PETERSON RECEIVES AV RATING FROM MARTINDALE-HUBBELL - September 2010
Edward J. Peterson was awarded the "AV Peer Review - Preeminent Lawyer" rating by Martindale-Hubbell Law Directory in July, 2010. Martindale-Hubbell has published ratings of lawyers continuously since 1868. The AV Peer Review Rating identifies lawyers with "very high to preeminent" legal ability and "very high" ethical standards. It is the highest rating issued by Martindale-Hubbell, which also identifies those AV-rated lawyers who are regarded as preeminent in the profession. The firm has been rated "AV" since its inception in 1974. Martindale-Hubbell's ratings are derived from interviews with members of the bar and the judiciary. The ratings reflect a lawyer’s expertise, experience, integrity and overall professional excellence. Mr. Peterson joins twelve other lawyers at Stichter, Riedel who have also been awarded the "AV - Preeminent Lawyer" rating.


TEN RELATED REAL ESTATE COMPANIES FILE FOR RELIEF UNDER CHAPTER 11- AUGUST 2, 2010
On August 2, 2010, Stichter Riedel filed Chapter 11 petitions in the United States Bankruptcy Court for the Middle District of Florida for ten entities engaged in the business of developing, owning, and operating commercial properties, including anchored and unanchored retail centers, office buildings, flex and warehouse space, and self-storage centers. The entities filed in order to restructure debt in the aggregate amount of approximately $100 million. These entities form part of larger corporate enterprises that consist of more than sixty separate properties and projects.


COURT ENTERS ORDER CONFIRMING PLANS OF REORGANIZATION IN THREE APARTMENT CASES – August, 2010
The firm represented the owners of three apartment complexes, Brentwood Apartments Tampa, LLC; Palma Ceia Apartments, LLC; and Brookside Tampa, LLC. The apartment complexes were secured by bank-issued mortgages totaling in excess of $31 million. Each of the Debtors filed plans which provided for the Debtors’ continued ownership of the apartments and the restructuring of obligations owed the mortgagee by the issuance of A Notes and B Notes. Scott A. Stichter and Amy Denton Harris represented the Debtors in these cases.


COURT CONFIRMS PLAN OF REORGANIZATION FOR PLANFIRST FINANCIAL SOLUTIONS, INC. – AUGUST 2010
Richard Prosser and Amy Denton Harris led the representation of PlanFirst Financial Solutions, Inc. and its affiliated entities. PlanFirst is a credit counseling and education based organization dedicated to providing personal money and debt programs to consumers. On August 12, 2010, the United States Bankruptcy Court for the Middle District of Florida entered an order confirming the Debtors’ Joint Plan of Reorganization which paid all creditors in full. PlanFirst Financial Solutions, Inc. successfully resolved litigation with its principal creditor and avoided a week long trial.


E-BRANDS RESTAURANTS, LLC AND ITS AFFILIATED ENTITIES FILE FOR RELIEF UNDER CHAPTER 11 – JULY 30, 2010
On July 30, 2010, E-Brands Restaurants, LLC and its affiliates filed voluntary petitions for relief under Chapter 11 in the United States Bankruptcy Court for the Middle District of Florida. E-Brands operates Timpano Italian Chophouse & Martini Bar in Tampa, Ft. Lauderdale and Orlando, Florida and in Rockville, Maryland. It also operates Aquaknox restaurants in Tampa and Las Vegas, Nevada. Both Timpano and Aquaknox are upscale dining establishments. Along with the Aquaknox restaurant in Las Vegas, the Debtors operate Taqueria Canonita and Canonita Express in the Grand Canal Shoppes at the Venetian Hotel Resort Casino. The Debtors operate Samba Room restaurants in Orlando, Florida and Denver, Colorado. Richard Prosser and Steve Leslie head up the firm’s representation.


SALE OF LUXURY REAL ESTATE DEVELOPMENTS IN NAPLES APPROVED IN CHAPTER 11 - July 2010
On July 2, 2010 and July 12, 2010, the United States Bankruptcy Court for the Middle District of Florida entered orders approving the sale and related assumption of certain contracts associated with four luxury model homes and 56 improved lots in the affluent Grey Oaks golf community. The property is located in a high-end real estate development off Airport-Pulling Road on the northeast border of Naples, in the single-family developments of Miramonte and Torino in Grey Oaks. The approved “stalking horse” bid of $11.8 million for the property resolved a nearly $18.9 million mortgage originated with Bank of America. AGR TM LLC, a limited liability company incorporated in Delaware, acquired the property at the sale. AGR is a group of out-of-town institutional investors, with The Ronto Group acting as their local partner. The sale allows for guarantors with liability for deficiency exposure to obtain a release of monetary liability on the underlying debt to the lender. The case is part of a group of related Chapter 11 cases pending since October 2009. Stephen Leslie has served as counsel for the debtors.


COURT CONFIRMS PLAN OF REORGANIZATION FOR ALPHAROCK LLC AND ITS SUBSIDIARIES - July 2010
Edward Peterson and Amy Denton Harris led the representation of AlphaRock LLC and its subsidiaries that own and operate Dunkin' Donuts restaurants throughout Southwest Florida. Collectively, the Debtors currently operate in southwest Florida a total of fifteen (15) Dunkin Donut franchised restaurant locations,. The Debtors’ franchise network is the largest network on the west coast of Florida. In addition, the Debtor, Alpha CML LLC, operates a bakery which provides the baked products for the Debtors’ restaurants, as well as approximately seventeen (15) restaurants for other franchises. On July 6, 2010, the United States Bankruptcy Court for the Middle District of Florida entered an order confirming the Debtors' joint plan of reorganization, pursuant to which the debt was restructured and the Debtors will remain in business.


AMY DENTON HARRIS BECOMES A SHAREHOLDER – July 2010
Stichter, Riedel, Blain & Prosser is pleased to announce that Amy Denton Harris, who joined the firm in 2003, has been named a shareholder. Amy is actively involved in the firm's reorganization, work-out, and state court practice. She is a member of the Business Law Section of The Florida Bar.

Amy received her J.D., with honors, from the University of Florida College of Law, her Bachelor of Science, Accounting, cum laude, from the University of South Florida, and her Master of Accountancy degree from the University of South Florida. She also is licensed as a certified public accountant, is past chair and currently serves on the Board of Directors of the Accounting Circle at the University of South Florida.


STICHTER RIEDEL AGAIN RECEIVES HIGHEST RECOGNITION IN CHAMBERS USA 2010 GUIDE - JULY 1, 2010
For the eighth consecutive year, the firm received a first tier rating for its bankruptcy and reorganization practice in Chambers USA 2010 America's Leading Business Lawyers. The firm is the only Tampa-based law firm that received this ranking in the bankruptcy and insolvency practice area. In addition to recognition of the law firm, shareholders Don M. Stichter, Harley E. Riedel, Russell M. Blain, Richard C. Prosser, and Stephen R. Leslie received individual recognitions. London-based Chambers & Partners conducts research via telephone interviews with clients and with attorneys. The qualities on which the rankings are assessed include technical legal ability, professional conduct, client service, commercial awareness/astuteness, diligence, commitment, and other qualities most valued by the client.


SUSAN H. SHARP RECEIVES AV RATING FROM MARTINDALE-HUBBELL - June 2010
Susan H. Sharp was awarded the "AV Peer Review - Preeminent Lawyer" rating by Martindale-Hubbell Law Directory in June, 2010. Martindale-Hubbell has published ratings of lawyers continuously since 1868. The AV Peer Review Rating identifies lawyers with "very high to preeminent" legal ability and "very high" ethical standards. It is the highest rating issued by Martindale-Hubbell, which also identifies those AV-rated lawyers who are regarded as preeminent in the profession. The firm has been rated "AV" since its inception in 1974. Martindale-Hubbell's ratings are derived from interviews with members of the bar and the judiciary. The ratings reflect a lawyer’s expertise, experience, integrity and overall professional excellence. Ms. Sharp richly deserves this rating and joins eleven other lawyers at Stichter, Riedel who have also been awarded the "AV - Preeminent Lawyer" rating.


ELEVEN FIRM LAWYERS RECOGNIZED AS "FLORIDA SUPER LAWYERS" OR “RISING STARS” - JUNE 2010
Don M. Stichter, Harley E. Riedel, Russell M. Blain, Richard C. Prosser, Charles A. Postler, Scott A. Stichter, and Stephen R. Leslie, all shareholders in Stichter, Riedel, were named among Florida's Super Lawyers in the 2010 edition of Super Lawyers Magazine. Elena Paras Ketchum, Edward J. Peterson, Amy D. Harris, and Daniel R. Fogarty were recognized as “Rising Stars,” in the bankruptcy/insolvency practice area. Harley E. Riedel, a founding shareholder of the firm, was also named for the third consecutive year as one of the top 10 lawyers in the State of Florida regardless of practice area and was listed as the third top point getter among all Florida lawyers. Russell M. Blain was also named one of the top 100 lawyers in the State of Florida for the fourth consecutive year. Lawyers are chosen to be Super Lawyers or Rising Stars following an extensive process of nominations, balloting, blue ribbon panel review, and independent research compiled by Law & Politics magazine. Only 5% of the lawyers in Florida were selected as Super Lawyers. Law & Politics performs the polling, research and selection of Super Lawyers in a process designed to identify lawyers who have attained a high degree of peer recognition and professional achievement. Super Lawyers attempts to provide a comprehensive and diverse guide to outstanding attorneys, representing a wide range of practice areas, firm sizes and geographic locations. See link - www.superlawyers.com


ATTORNEYS AMY DENTON HARRIS AND BARBARA HART RECEIVE AV RATING FROM MARTINDALE-HUBBELL - SPRING 2010
Amy Denton Harris and Barbara Hart were awarded the AV Peer Review Rating by Martindale-Hubbell Law Directory in March and May, 2010, respectively. Martindale-Hubbell has published ratings of lawyers continuously since 1868. The AV Peer Review Rating identifies lawyers with "very high to preeminent" legal ability and "very high" ethical standards. It is the highest rating issued by Martindale-Hubbell. The firm has been rated "AV" since its inception in 1974. Martindale-Hubbell's ratings are derived from interviews with members of the bar and the judiciary. The ratings reflect a lawyer’s expertise, experience, integrity and overall professional excellence. Ms. Harris and Ms. Hart richly deserve this rating and join nine other lawyers at Stichter, Riedel who are also "AV" Rated.


BIOVEST ANNOUNCES SETTLEMENT WITH LARGEST CREDITOR – APRIL 19, 2010 (LINK)

HARLEY E. RIEDEL SPEAKS AT TAMPA BAY BANKRUPTCY BAR ASSOCIATION LUNCHEON- APRIL 13, 2010
Harley E. Riedel participated in a panel discussion entitled "Alternatives to Bankruptcy" presented by the Tampa Bay Bankruptcy Bar Association on April 13, 2010. The panel focused on alternatives ranging from simply closing the doors to out-of-court workouts, Article 9 sales by secured creditors or by court-appointed receivers, and assignments for the benefit of creditors under Florida Statutes, Chapter 727. The panel also discussed the methods used to protect of buyers of operating businesses from successor liability claims.


PLAN OF REORGANIZATION CONFIRMED FOR LAKELAND VETERINARY HOSPITAL– MARCH 24, 2010
On March 24, 2010, the United States Bankruptcy Court for the Middle District of Florida, Tampa Division, entered an order confirming the Plan of Reorganization of Lakeland Veterinary Hospital, Inc. under which Lakeland Veterinary Hospital, Inc. will continue as a going concern under its prepetition management and with the same equity ownership structure that existed prepetition. Lakeland Veterinary Hospital provides veterinary services from its facility in Lakeland, Florida and is known throughout the Lakeland community for providing free veterinary care to the City of Lakeland's nearly 200 swans. Stichter, Riedel promulgated the plan on behalf of Lakeland Veterinary Hospital and has represented Lakeland Veterinary Hospital as a debtor-in-possession since the case was filed in September 2009. Elena Paras Ketchum served as lead counsel for the debtor throughout the case.


STEPHEN R. LESLIE SPEAKS AT THE 34th ANNUAL JUDGE ALEXANDER L. PASKAY SEMINAR ON BANKRUPTCY LAW AND PRACTICE - March 6, 2010
Shareholder Stephen R. Leslie served as the "Circuit Splits" moderator for a distinguished panel of six United States Bankruptcy Judges at the 34th Annual Judge Alexander L. Paskay Seminar conducted by Stetson University College of Law and the American Bankruptcy Association held at the Hyatt Regency Hotel in Tampa, Florida. The topics focused on splits of authority between Circuit Courts of Appeal on commercial and consumer issues in the bankruptcy context, and included issues on third party releases, the automatic stay, and attorneys' fees.


PLAN OF REORGANIZATION CONFIRMED FOR PRINTING COMPANY – January 28, 2010
On January 28, 2010, the United States Bankruptcy Court for the Middle District of Florida, Tampa Division, entered an order confirming the Plan of Reorganization of Target Graphics, Inc. under which Target Graphics, Inc. will continue as a going concern under its prepetition management and with the same equity ownership structure that existed prepetition. Target Graphics is in the business of providing printing, finishing and bindery services to customers in Sarasota, Venice, Bradenton, Manatee, St. Petersburg and Tampa. Stichter, Riedel promulgated the plan on behalf of Target Graphics and has represented Target Graphics as a debtor-in-possession since the case was filed in July 2009. Elena Paras Ketchum served as lead counsel for the debtor throughout the case.


SUSAN H. SHARP SPEAKS AT THE NEW LAWYER LUNCHEON - JANUARY 26, 2010
Susan H. Sharp participated in a panel discussion sponsored by the United States Bankruptcy Court addressing questions and issues unique to Chapter 11 cases filed by individuals on January 26, 2010. The panel was geared to new lawyers and to lawyers not familiar with Chapter 11 practice. It was moderated by the Honorable Catherine Peek McEwen, and the panel consisted of the Honorable Alexander L. Paskay, Chief Bankruptcy Judge Emeritus, a staff attorney with the U.S. Trustee's office, Ms. Sharp, and another practicing attorney.


ELENA PARAS KETCHUM SPEAKS AT HILLSBOROUGH COUNTY BAR ASSOCIATION SEMINAR - January 19, 2010
Elena Paras Ketchum participated in a panel discussion entitled "HCBA Loan Modification and Workout Town Hall Meeting" presented by the Hillsborough County Bar Association on January 19, 2010. The panel included lawyers representing borrowers and bank officers for Fifth Third Bank, SunTrust Bank and Bank of Tampa. Ms. Ketchum addressed questions and issues related to the challenges faced by corporate borrowers in loan workouts and modifications.


STATE COURT JUDGMENT BECOMES FINAL IN MATTER OF FIRST IMPRESSION - January 12, 2010
The Second DCA dismissed the appeal from Judge Richard Nielson's opinion refusing to permit an affiliate of a defendant being sued by a Florida company that had purchased a defaulted promissory note against the Florida company to obtain a judgment and then levy upon the cause of action. Had the affiliate been permitted to do so, it would have effectively eliminated the risk of a large adverse judgment. Timeplex Holdings, LLC v Edascio, LLC, Case No.: 2D09-1952, Amy Denton Harris handled the appeal.


PLAN CONFIRMED FOR LA BONITA OLE – January 8, 2010
On January 8, 2010, the United States Bankruptcy Court for the Middle District of Florida, Tampa Division, entered an the Order: (1) Approving Disclosure Statement for Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy Code and (2) Confirming Joint Plan of Reorganization, under which La Bonita Ole will continue as a going concern with the prepetition management and an opportunity for the same equity ownership structure under the Joint Plan. La Bonita Ole is in the business of manufacturing and distributing tortillas and related products over a multi-state area. Stichter Riedel represented the Debtor and Debtor in Possession since the case was filed on July 16, 2008.


SALES OF NEW MEXICO APPLIANCE RETAILER – DECEMBER 20, 2009
On December 14, 2009, in the DCE New Mexico, LLC Chapter 11 case, Judge Michael Williamson approved the sale of substantially all of the assets of a chain of electronics and appliance retailers in New Mexico. The stores were founded in 1967 and operate at two locations, in Santa Fe and Albuquerque. Substantially all assets of the estate were sold under Section 363 of the Code to Jack Baillio. The sale closed December 20, 2009. Stephen Leslie and Dan Fogarty are counsel to the debtors.


DeSEARS, APPLIANCE WORLD, AND BAILLIOS FILE FOR RELIEF UNDER CHAPTER 11 - OCTOBER 20, 2009
On October 20, 2009, Stichter Riedel filed Chapter 11 petitions for Riverview Ventures, Inc., d/b/a DeSears Appliance and Home Entertainment, DCE New Mexico, LLC, d/b/a Baillios, Inc., GCF Holdings, LLC, d/b/a Appliance World & Home Theater, and Appliance World, Inc. Riverview Ventures, Inc., doing business as DeSears Appliance & Home Entertainment, operates as an electronics and appliances retailer with four stores serving Pinellas, Manatee and Sarasota counties in Florida. Riverview Ventures, Inc. was founded in 1947 and is based in Bradenton, Florida. GCF Holdings, LLC, Colorado's largest independent appliance dealer, operates a network of appliance retail stores in Colorado. The company was incorporated in 2005 and is based in Denver, Colorado five with store locations in Arvada and Aurora, Colorado. DCE New Mexico, Inc. operates as an appliance and electronics retailer in New Mexico under the Baillio name. Baillio's started in Albuquerque in 1966. It was purchased by Denver-based company, Appliance World Group, approximately 18 months prior to the filing. ARTICLES: DeSears files for Chapter 11 Bankruptcy ; DeSears files for Chapter 11 bankruptcy protection


SUSAN H. SHARP SPEAKS AT JUDGMENT ENFORCEMENT IN FLORIDA SEMINAR - October 15, 2009
Susan Sharp spoke at the Lorman Education Services' Judgment Enforcement in Florida seminar. She addressed the automatic stay, preferences and fraudulent transfers, filing proof of claim, and nondischargeability issues surrounding the collection of a judgment when a bankruptcy is filed.


MICHAEL J. HOOI JOINS FIRM – October 12, 2009
Michael J. Hooi joined the firm as an associate on October 12, 2009 after completing a 2008–09 judicial clerkship at the U.S. Court of Appeals, Eleventh Circuit, for the Honorable Charles R. Wilson. Mr. Hooi graduated from Vanderbilt University in 2005, where he earned an undergraduate degree in philosophy in three years, was selected to be an Arts & Science College Scholar, and was elected to Phi Beta Kappa. In 2008, he earned a law degree at the University of Florida Levin College Law. While in law school, he interned at the U.S. District Court, Middle District of Florida, for the Honorable Elizabeth A. Kovachevich. He served as a managing editor of the Florida Law Review and published twice in its sixtieth volume. He was also a teaching assistant in first-year legal writing courses and a business law course at the University of Florida Warrington College of Business.


FIRM PREVAILS IN APPEAL IN LYKES BROS. CASE - September 29, 2009
The United States District Court affirmed the award of time-delay damages, or interest, in an appeal taken by the United States from an order of the Bankruptcy Court awarding those damages. The underlying decision was published as In re Lykes Bros. Steamship Co, Inc., 399 B.R. 555 (Bankr. M. D. Fla. 2009). Harley Riedel and Daniel Fogarty handled the matter for the firm.


PLAN CONFIRMED FOR LUXURY CONDOMINIUM PROJECT — September 18, 2009
On September 18, 2009, the United States Bankruptcy Court for the Middle District of Florida, Ft. Myers Division, entered an order confirming the joint plan of reorganization proposed by the debtors in the Ecoventure Wiggins Pass/Aqua at Pelican Isle cases. After three hearings and the presentation of evidence, the order overruled multiple objections and, in a contemporaneous order, sustained objections to secured claims asserted by multiple objecting parties. The confirmed plan addresses over $130 million in secured and unsecured claims, including the $26 million in priming debtor-in-possession financing previously approved by the Court.


KEARNEY CONSTRUCTION COMPANIES FILE FOR RELIEF UNDER CHAPTER 11- AUGUST 26, 2009
On August 26, 2009, Stichter Riedel filed Chapter 11 petitions for Kearney Construction Co., LLC, Kearney Construction Company, Inc., and AVT Equipment, LLC. These filings followed the June 4, 2009, Chapter 11 filings for two affiliates, Florida Equipment Co., LLC and Florida Trucking Co., Inc. Kearney Construction Co., LLC and Kearney Construction Company, Inc. are the construction components of a group of related family companies with over 53 years of experience in the construction industry, specializing in site development and infrastructure construction including clearing, earthwork, utility construction, storm drainage, curbs, sidewalks, and roadwork including sub-base, base, and asphalt placement. ATV Equipment, LLC owns and operates equipment used by the construction companies. Florida Equipment Co., LLC and Florida Trucking Co., Inc. provide trucking and hauling services.


TAYLOR, BEAN & WHITAKER MORTGAGE CORP., FILES FOR RELIEF UNDER CHAPTER 11 - AUGUST 24, 2009
On August 24, 2009, Stichter Riedel filed a Chapter 11 petition for Taylor, Bean & Whitaker Mortgage Corp. (“Taylor Bean”). Until August 2009, Taylor Bean was the largest independent (i.e. non-depository owned) mortgage lender in the United States. Headquartered in Ocala, Florida, Taylor Bean is a 27-year-old mortgage company which grew from a small local mortgage company to become the nation’s third largest direct-endorsement lender of FHA-insured loans and one of the largest wholesale mortgage lenders and issuers of mortgage backed securities. It also managed a combined mortgage servicing portfolio of approximately $80 billion. Taylor Bean will be guided in the Chapter 11 process by Edward J. Peterson, Russell M. Blain & Amy D. Harris. For access to specific case information, please visit www.bmcgroup.com\tbwmortgage.


PLAN CONFIRMED FOR OWNER OF CHAIN OF RESTAURANTS UNDER CHAPTER 11 August 20, 2009
On August 20, 2009, the United States Bankruptcy Court for the Middle District of Florida, Ft. Myers Division, ruled that the Chapter 11 Plan filed by Gyarmathy & Associates, Inc., and five affiliated companies would be confirmed. Post reorganization, the companies will own and operate a chain of eleven upscale fast food restaurants and one alehouse/barbeque restaurant, with approximately 250 employees and locations from Naples to Clearwater, Florida. In this case, the plan featured: (i) the restructuring of obligations to General Electric Capital Franchise Finance Corporation [owed approximately $9 million on the petition date], (ii) the surrender of property to various secured lenders in satisfaction of their secured claims [approximately $4 million on the petition date], and (iii) a restructuring of several million dollars in obligations to unsecured creditors. Daniel R. Fogarty led the firm’s representation in these cases.


BANKRUPTCY COURT CONFIRMS CHAPTER 11 PLAN OF REORGANIZATION FOR DUNKINS DIAMONDS, INC. AND AFFILIATES — August 5, 2009
On August 5, 2009, the United States Bankruptcy Court for the Middle District of Florida, Ft. Myers Division, entered an Order Confirming Debtors' Revised Joint Plan of Reorganization for Dunkin's Diamonds, Inc., and five affiliates [http://www.dunkinsdiamonds.com/]. Unlike other well publicized diamond retail cases [which have been total liquidations], in this the companies will continue to operate eight retail locations in Southwest Florida and Ohio post confirmation, with approximately 100 employees. The initial filing on November 6, 2009 followed an involuntary Chapter 7 case filed in Ohio. Stichter Riedel successfully procured a transfer of venue to the Ft. Myers Division of the Middle District of Florida. As of the petition date, the Debtors operated 10 locations. The Chapter 11 filings allowed the Debtors to conduct bankruptcy Court approved going-out-of-business sales in select locations, shut down unprofitable locations, renegotiate their line of credit with Webster Business Credit Corporation, and otherwise restructure obligations to creditors and generally reduce leverage by over $7 million. Stephen R. Leslie and Daniel R. Fogarty led the firm’s representation in these cases.


FIRM FIRST IN THE STATE OF FLORIDA, AND AMONG TOP FIRMS NATIONALLY, IN NUMBER OF "SUPER LAWYERS" AND “RISING STARS” PRACTICING BANKRUPTCY LAW ACCORDING TO 2009 EDITION OF SUPER LAWYERS MAGAZINE (FLORIDA AND NATIONAL CORPORATE COUNSEL EDITIONS) - June 2009
With seven shareholders (see related release in “Firm Honors” section) named among Florida's Super Lawyers in the 2009 edition of Super Lawyers Magazine, the firm ranked first in the State of Florida in the number of bankruptcy lawyers so honored. In addition, four other Stichter Riedel lawyers were honored as “Rising Stars” (out of only fifteen bankruptcy lawyers in the entire state so recognized), giving the firm eleven lawyers recognized as either Super Lawyers or Rising Stars. No other Florida firm had more than six bankruptcy lawyers in these two categories. In addition, for the second consecutive year, the firm had three lawyers (Don M. Stichter, Harley Riedel, and Russ Blain) rated among the Top 100 lawyers (out of approximately 61,000) in the entire State of Florida, regardless of practice area. According to the national Corporate Counsel edition of Super Lawyers magazine, only one other law firm in the nation had as many as three bankruptcy lawyers included in the Top 100 lawyers in any single state. For the second consecutive year, Harley Riedel was named as one of the Top Ten lawyers in Florida. According to the national Corporate Counsel addition, only a handful of firms had as many as seven lawyers named as Super Lawyers in the bankruptcy practice area in any single state.


RUSSELL M. BLAIN SURRENDERS GAVEL AS CHAIR OF BUSINESS LAW SECTION OF THE FLORIDA BAR —June 25, 2009
Russell M. Blain, at the annual convention of The Florida Bar, concluded his term as Chair of the statewide Business Law Section after a successful and active year. During the year, the Business Law Section led the enactment of a revamped Florida not-for-profit corporate statute, proposed options for the electronic transmission of documents and for Florida publicly traded corporations to utilize SEC-promulgated “e proxy” rules, and took an active role in ensuring adequate court funding. Among the missions of the Business Law Section is obtaining passage of legislation to promote a positive business environment, improve Florida business laws, and protect and enhance the lives of Florida citizens. The Section comprises members of The Florida Bar practicing in the areas of corporations, securities, financial services, business litigation, bankruptcy, creditors’ rights, intellectual property, antitrust, franchise, trade regulation, and other areas that provide services to the business and consumer community.


SALES OF AUTO DEALERSHIPS – June 22, 2009
On June 22, 2009, Judge Rodney May approved the sale of substantially all of the assets of two automobile dealerships, T. Thomas Chevrolet, INC and MRH of Lakeland, LLC, to Regal Pontiac. Edward Peterson and Dan Fogarty are counsel to the dealerships. Read article: Lakeland Chevy dealership under siege files for Chapter 11


ELENA KETCHUM INSTALLED AS PRESIDENT-ELECT OF TAMPA BAY BANKRUPTCY BAR ASSOCIATION – June 11, 2009
Elena Paras Ketchum was installed at the annual dinner of The Tampa Bay Bankruptcy Bar Association to serve as President-Elect of the Association for the 2009-2010 term. Ms. Ketchum had previously served as a member of the board of directors of the Association from 2006 to 2008 and as Treasurer in 2008-2009. She is slated to become President in June 2010. Edward J. Peterson will continue to serve as a director of the Association. Mr. Peterson was first elected as a director in 2007.


OWNER OF CHAIN OF SEVENTEEN RESTAURANTS FILES FOR RELIEF UNDER CHAPTER 11 - June 5, 2009
On June 5, 2009, Stichter Riedel filed Chapter 11 Petitions for twenty-three affiliated companies. The Debtors own and operate the largest chain of Dunkin Donuts and Baskin Robbins restaurants in Southwest Florida. Edward Peterson and Amy Harris are counsel to the Debtors.


BARBARA A. HART JOINS FIRM - May 4, 2009
Barbara A. Hart joined the firm as an attorney on May 4, 2009. Ms. Hart earned her Bachelor of Science degree from Tusculum College located in Greeneville, Tennessee in 1988 and her Masters Degree from the University of South Florida in 1991. In 2001, she graduated cum laude from Stetson University College of Law. While in law school, Ms. Hart served as the Managing Editor of the Stetson Law Review. Ms. Hart extensive experience in insolvency and commercial matters, serving as the Law Clerk to the Honorable Rodney K May and handling bankruptcy, insolvency, and civil commercial matters, including representation of creditors and debtors in Chapter 11, 13 and 7 cases.


B. MICHAEL BACHMAN, JR. JOINS FIRM - April 15, 2009
B. Michael Bachman, Jr. joins the firm as an associate. Mr. Bachman earned his undergraduate degree from Florida State University in 1999, graduating with honors with a Bachelor of Science in Business Management. In 2005, he graduated cum laude from University of Florida Levin College of Law. While in law school, Mr. Bachman served as editor of the Journal of Technology Law and Policy. He also served as a teaching assistant in Legal Research and Writing and Appellate Advocacy courses. Prior to joining the firm, Mr. Bachman was with the law firm of DLA Piper LLP (U.S.) as an associate in the Real Estate Group. While at DLA Piper, Mr. Bachman assisted with various real estate transactions, including real property sales, documentation of secured loans and workouts with secured lenders.


FIRM PREVAILS IN LITIGATION INVOLVING MATTER OF FIRST IMPRESSION - April 3, 2009
In a matter of apparent first impression in Florida, Hillsborough County Circuit Court Judge Richard Nielson refused to permit an affiliate of a defendant being sued by a Florida company that had purchased (at a discount) a defaulted promissory note against the Florida company to obtain a judgment and then levy upon the cause of action. Had the affiliate been permitted to do so, it would have effectively eliminated the risk of a large adverse judgment. In doing so, the Court followed several decisions from other jurisdictions: Commerce Saving Assoc. v. Welch, 783 S.W.2d 668 (Tex App. 1989); Associate Ready Mix, Inc. v. Douglas, 843 S.W.2d. (Tex. App. 1992); and Criswell v. Ginsberg & Foreman, 843 S.W.2d 304. The Court did allow the affiliate of the defendant to set-off its note against the amount of any judgment entered the defendant. The decision was appealed. Amy Denton Harris handled the representation of the Florida company. Timeplex Holdings, LLC v Edascio LLC, Case No. 05-CA-80904.


SHAREHOLDER SPEAKS ON RESTRUCTURING REAL ESTATE LOANS- March 26, 2009
Harley E. Riedel participated in a panel discussion on “Restructuring Real Estate” presented by CLE International on March 26, 2009. The Panel included- Ronald Glass of Glass Ratner in Atlanta, Rick Spencer, Senior Vice President and National head of the loan workout division of BB&T Bank, and attorneys Bruce White of Greenberg Traurig, Dallas, and David Kurzweil of Greenberg Traurig, Atlanta.


EDWARD J. PETERSON, III AND SUSAN H. SHARP SPEAK AT FLORIDA AUTO DEALERS ASSOCIATION -March 26, 2009
Edward J. Peterson, III and Susan Sharp spoke at the Florida Auto Dealers Association's panel discussion entitled Riding the Industry Wave: Offensive and Defensive Strategies for all Dealer Principals held in Orlando, Florida on March 26, 2009. The meeting was attended by automobile dealers from throughout the state. Mr. Peterson and Ms. Sharp discussed various bankruptcy issues, including the implications for dealers in the event of a GM or Chrysler bankruptcy filing.


BANKRUPTCY COURT CONFIRMS CHAPTER 11 PLAN OF REORGANIZATION IN ARLINGTON RIDGE CASES—March 12, 2009
On March 12, 2009, the United States Bankruptcy Court for the Middle District of Florida entered an Order Confirming Debtors’ Amended Joint Plan of Reorganization. The four related Debtors were the owners and developers of a planned unit development consisting of approximately 492 acres of real property in Lake County, Florida, which was established as an active adult community. The Debtors initially proposed a five year plan providing for the continued development of Arlington Ridge and the payment of the largest secured creditor and all other non-insider creditors in full. Funding for this plan was to be funded by insiders, who were also guarantors of the secured bank debt. The insiders were willing to waive immediate payment of approximately $800,000 of post-petition financing and to fund the plan on the condition that they not be sued on their guarantee. Less than ten days after the Debtors filed their 100% plan, the secured creditor sued one of the guarantors, causing the Debtors to be in default on their “soft cost” DIP loan and requiring abandonment of their initial plan of reorganization. The Debtors’ amended plan of reorganization, which was confirmed by the Bankruptcy Court over the objection of the principal secured creditor, provided for the wind-down of the Debtors’ business operations and for the transition of those business operations and the transfer of most of the Debtors’ real estate and any related permits and entitlements to the secured creditor. Pursuant to the Confirmation Order, the Debtors have transferred most of their real estate and related assets to the secured creditor in full satisfaction of its Secured Claims. Harley E. Riedel and Amy Denton Harris led the firm’s representation in these cases.


BANKRUPTCY COURT CONFIRMS CHAPTER 11 PLAN OF REORGANIZATION FOR SAM SELTZER’S STEAK HOUSES OF AMERICA, INC.—February 25, 2009
On February 25, 2009, the United States Bankruptcy Court for the Middle District of Florida, Tampa Division, entered an Order Confirming the Amended Plan of Reorganization for Sam Seltzer’s Steak Houses of America, Inc. and its Wholly-Owned Subsidiaries, as Modified at the Confirmation Hearing. On June 27, 2008, the parent company, Sam Seltzer’s Steak Houses of America, Inc. and 14 of its wholly-owned subsidiaries filed for Chapter 11 protection. As of the petition date, the Debtors operated 9 steak houses in the greater Tampa Bay area, central Florida, and southwest Florida. The Chapter 11 allowed the Debtors to shut down unprofitable restaurants, reject unfavorable leases, abandon burdensome assets, and restructure obligations to creditors. In particular, the plan featured: (i) the restructuring of obligations to General Electric Capital Franchise Finance Corporation and one of its subsidiaries, USRP Finance, LLC, which were collectively owed approximately $5.5 million on the petition date, (ii) the surrender of property to Amresco Commercial Finance, LLC which was owed approximately $4 million on the petition date, and (iii) a restructuring of multi-million dollar obligations to unsecured creditors. The parent company now operates 6 steak houses in the greater Tampa Bay area and southwest Florida. Harley E. Riedel and Amy Denton Harris led the firm’s representation in these cases. Read more in Nation’s Restaurant News.


STEPHEN R. LESLIE SPEAKS AT THE CARIBBEAN INSOLVENCY SYMPOSIUM, BREAKFAST AND VIEWS FROM THE BENCHES - February 7, 2009
Shareholder Stephen R. Leslie served as the "View from the Bench" moderator for a distinguished panel of United States Bankruptcy Judges at the annual Caribbean Insolvency Symposium conducted by the American Bankruptcy Association held in Grand Cayman, Cayman Islands. The topics focused on commercial issues, and included business insolvency, challenges in Chapter 11, and real estate cases.


PASCO COUNTY, FLORIDA ROOFING TRUSS MANUFACTURER FILES FOR RELIEF UNDER CHAPTER 11 - February 2, 2009
On February 2, 2009 Stichter Riedel filed a Chapter 11 Petition for Rt. 41 Manufacturing, Inc., d/b/a 41 Truss. 41 Truss has supplied structural roof and floor wood truss systems, an essential component of building construction offering structural support and forming the shape of floors and roofs, to Tampa Bay area builders since 1983. Since undergoing a change in ownership in 2005, 41 Truss has quadrupled the number of customer accounts, has improved productivity by over 150%, has increased market share from an estimated 4% in 2005 to an estimated realizable 20% in 2009, and has reduced operating costs by an estimated 30%. 41 Truss operates from facilities located in Spring Hill, Pasco County, Florida.


OWNER OF CHAIN OF SIXTEEN RESTAURANTS FILES FOR RELIEF UNDER CHAPTER 11 - January 31, 2009
On January 31, 2009, Stichter Riedel filed Chapter 11 Petitions for Gyarmathy & Associates, Inc., and five affiliated companies. The Debtors own and operate a chain of eleven fast food restaurants and five barbeque restaurants from Naples to Clearwater, Florida.


PLAN CONFIRMED IN CLEARWATER BASED AUTO PARTS COMPANY - January 23, 2009
The Bankruptcy Court for the Middle District of Florida, Tampa Division confirmed the Chapter 11 Plan filed by SRBP on behalf of Argue Automotive Accessories LLC, a manufacturing concern specializing in plastic-molded parts for factory-direct and after-market sales for the automobile industry. Under the Plan, the Debtor is restructuring debt in accordance with a stock purchase agreement entered into during the case.


PLAN CONFIRMED IN FT. MYERS RESTAURANT CASES - January 22, 2009
The Bankruptcy Court in the Ft. Myers Division of the Middle District of Florida confirmed the Chapter 11 Plan filed by the debtors in the Karakosta Investments, Inc. cases. The Debtors operate "Big Al's City Grill" restaurants in Bonita Springs and Sarasota [http://bigalscitygrillsarasota.com/index.shtml].


HARLEY E. RIEDEL SPEAKS AT NATIONAL ASSOCIATION OF HOMEBUILDERS ANNUAL CONVENTION -January 22, 2009
Shareholder Harley E. Riedel spoke at the annual convention of the National Association of Homebuilders held in Las Vegas, Nevada on January 22, 2009. Mr. Riedel spoke on the topic of "Coping With Financial Distress" addressing legal options available to homebuilders and developers in the current economic environment.


BECKY FERRELL-ANTON JOINS FIRM - January 19, 2009
Becky Ferrell-Anton joined the firm as an attorney on January 19, 2009. Ms. Ferrell-Anton graduated from Emory University summa cum laude with a B.B.A. degree (concentration in accounting) in 1981. At Emory, she received the Business School's award for the highest GPA, the Georgia Society of CPAs Award, and numerous other academic awards and recognitions. She received a J.D. degree from Georgetown University Law Center in 1984 magna cum laude. She served as an editor of the Georgetown Law Journal and published two works in Volume 72 of the Journal. She received book awards in the Bankruptcy and Property courses and the Sewell Key Award for the best work in the field of taxation in 1984. She is rated "AV" by Martindale-Hubbell Law Directory. Before joining the firm, Ms.Ferrell-Anton worked as corporate counsel and in private practice. She has considerable experience in transactional legal work and in litigating complex commercial disputes.


FIRM PREVAILS IN LITIGATION PITTING PRINCIPLES OF RES JUDICATA AGAINST SOVEREIGN IMMUNITY - January 16, 2009
In the latest decision in a long-running dispute (see also 217 s. 304) between the United States and the Debtor involving the Debtor's claim for operating differential subsidy payments, the Debtor prevailed in validating an award of time-delay damages, or interest in the amount of approximately $1.3 million, ruling against the Government's contention that an earlier, non-appealed, and final order awarding such fees was void as a violation of sovereign immunity. The decision is published as In re Lykes Bros. Steamship Co, Inc., 399 B.R. 555 (Bankr. M. D. Fla. 2009). Harley Riedel and Daniel Fogarty handled the matter for the firm.


BANKRUPTCY COURT CONFIRMS CHAPTER 11 PLAN FOR MADISON, FLORIDA BASED FUEL HAULER - January 14, 2009
On January 14, 2009, the United States Bankruptcy Court for the Middle District of Florida entered an order confirming the stand-alone plan of reorganization of Justin Davis Enterprises, Inc., a tank transport services provider engaged in the business of delivering petroleum products from terminals to retail and commercial sites throughout the Southeast. The Debtor filed for Chapter 11 protection in May 2008. The plan featured the sale to third parties or the surrender to secured creditors of surplus equipment and a restructuring of obligations to various equipment lenders, as well as to unsecured creditors, with claims of approximately $7.1 million. Daniel R. Fogarty led the firm's representation in this case.


FT. MYERS-BASED HOME FURNISHINGS RETAILER SEEKS RELIEF IN CHAPTER 11 - January 14, 2009
On January 14, 2009, Stichter Riedel filed for The Picture Factory, Inc., [http://www.thepicturefactory.com/] under Chapter 11 of the Bankruptcy Code in a case filed in the Ft. Myers Division of the Middle District of Florida. The Debtor sells framed art, accent furniture, lamps, sculptures, mirrors, clocks, vases and silk florals, and also provides custom framing services. The Debtor operates locations in Naples, Ft. Myers, Boynton Beach, and Bonita Springs.


PLAN CONFIRMED IN SIX RELATED REAL ESTATE CASES - January 8, 2009
The Bankruptcy Court confirmed the Chapter 11 Plan filed by Blue Stone Real Estate, Construction Company, Inc. and five substantively-consolidated affiliates. The Debtors’ assets primarily consist of large tracts of undeveloped land in Hernando and Pasco Counties. Mortgage debt totaled approximately $25 million. One of the hotly litigated issues in the cases was the entitlement of the debtors-in-possession to name a Chief Restructuring Officer (“CRO”) over the objection of the U.S. Trustee and after its filing of a motion to appoint a trustee. The Bankruptcy Court concluded that the appointment of a CRO was appropriate and, in light of the appeal by the U.S. trustee, certified the decision to the United States Court of Appeals for the Eleventh Circuit. See In re Blue Stone Real Estate, Construction Company, Inc, .392 B.R. 897 and 396 B.R. 555 respectively. The appeal remains pending but may be subject to dismissal on mootness grounds. The firm's representation was led by Edward J. Peterson and Susan H. Sharp.


FIRM ACTIVE DURING DECEMBER 2008 IN REPRESENTING DEBTORS IN ASSIGNMENTS FOR THE BENEFIT OF CREDITORS – December 2008
Stichter, Riedel, Blain & Prosser has regularly represented parties in General Assignments, often described as “Assignments for the Benefit of Creditors” or “ABCs,” under Florida law. This area of the Firm’s practice was particularly active in December 2008, with multiple ABCs being filed in Hillsborough County, Sarasota County, and Pinellas County. The Firm is currently involved in thirteen Assignment cases involving debt of more than $91,000,000 in the aggregate. Tax lawyers have concluded in a published Bar Journal article that ABCs may result in a sale or exchange in the year of filing that would result in the booking of gains or losses in that year, so year-end filings might provide loss carryback opportunities for taxpayers who paid taxes in previous years. Shareholder Elena Paras Ketchum has headed this area of the firm’s practice, although many of Stichter Riedel’s lawyers have remained active in this area of the law.


OWNER OF LARGE TAMPA APARTMENT COMPLEX SEEKS CHAPTER 11 RELIEF – December 29, 2008
On December 29, 2008, Stichter Riedel filed a Chapter 11 Petition for the owner of The Cove Apartments, a 700-unit complex located on a tract of land bordered by Tampa Bay and Westshore Boulevard in Tampa. The Debtor owed approximately $50 million on a first mortgage at the time of filing. The Bankruptcy Court has entered a number of first day orders, including several orders authorizing the use of cash collateral.


SCOTT A. STICHTER RECEIVES THE FLORIDA BAR PRESIDENT'S PRO BONO SERVICE AWARD FOR 2009 - November 26, 2008
The Florida Bar has awarded Scott A. Stichter the Florida Bar President's Pro Bono Service Award for 2009 from the Thirteenth Judicial Circuit. Each year, the Florida Supreme Court and The Florida Bar give special recognition to lawyers who have freely given their time and expertise in making legal services available to the poor. Mr. Stichter was recognized for the time and professional expertise he contributed in making legal representation available to those otherwise unable to afford it. The Florida Bar and the Justices of the Supreme Court of Florida will personally honor all recipients of the award in a ceremony held at on Thursday January 29, 2009 at the Supreme Court Building in Tallahassee.


HARLEY E. RIEDEL PARTICIPATES IN NATIONAL ASSOCIATION OF HOMEBUILDERS “WEBINAR” – November 13, 2008
Shareholder Harley E. Riedel participated as one of three panelists in a national web seminar sponsored by the National Association of Homebuilders on November 13, 2008. Mr. Riedel and the other panelists spoke on the topic of "Alternate Sources of Funding: Ideas & Perspectives to Keep Your Business on Track" addressing cash flow issues and sources of financing for homebuilders.


PLAN CONFIRMED IN INDIVIDUAL REAL ESTATE INVESTOR CASE - November 14, 2008
The Bankruptcy Court in the Ft. Myers Division of the Middle District of Florida confirmed the Chapter 11 Plan filed by the debtors in the Recker case. The Debtors owned 25 investment properties in three states. The plan involved the restructuring of a number of mortgage loans and the surrender of other properties to secured creditors.

PUBLICLY TRADED BIO-PHARMACEUTICAL COMPANIES FILE FOR RELIEF UNDER CHAPTER 11 – November 10, 2008
On November 10, 2008, Stichter Riedel filed Chapter 11 Petitions for Accentia Biopharmaceuticals, Inc. and nine subsidiaries, including Biovest International, Inc. Accentia and Biovest are both publicly traded corporations. Accentia has three operating divisions: (i) the Drug Development Division, (ii) the Pharmaceutical Product Consulting Division, and (iii) the Instruments and Cell Production Division.


DIAMOND RETAILER SEEKS RELIEF UNDER CHAPTER 11 November 6, 2008
On November 6, 2008, Stichter Riedel filed Chapter 11 Petitions for Dunkin's Diamonds, Inc. and five affiliates [http://www.dunkinsdiamonds.com/]. The companies operate ten locations in Florida and Ohio. The filing followed an involuntary Chapter 7 case filed in Ohio. Stichter Riedel successfully procured a transfer of venue to the Ft. Myers Division of the Middle District of Florida.


BANKRUPTCY COURT ENTERS ORDERS APPROVING POST-PETITION FINANCING IN ARLINGTON RIDGE CASES – October 31, 2008
Following a number of hearings, the United States Bankruptcy Court, Tampa Division, entered orders approving two separate post-petition financing facilities sought by the four Debtors in the Arlington Ridge case. The Court approved a $1 million non-priming facility extended by equity holders to provide working capital for the Debtors. The Court also approved a $900,000 priming facility from Wachovia Bank, one of the Debtors’ prepetition lenders, to enable the Debtors to complete construction of approximately twelve homes presently under construction. Wachovia Bank extended the offer as a competing proposal to an independent priming facility obtained by the Debtors.


STEPHEN R. LESLIE LEADS INTERACTIVE DISCUSSION AT TAMPA BAY BANKRUPTCY BAR MEETING - October 15, 2008
Shareholder Stephen R. Leslie led an interactive discussion centered around several factual scenarios at the October 15, 2008 luncheon of the Tampa Bay Bankruptcy Bar Association that was attended by Judges Paskay, Williamson, and McEwen, as well as by numerous members of the Association. His discussion was titled "Hands-on Bankruptcy: Real Problems and Real Solutions."


ATTORNEY ELENA PARAS KETCHUM RECEIVES AV RATING FROM MARTINDALE-HUBBELL - Oct 10,2008
Elena Paras Ketchum, a shareholder with Stichter, Riedel, Blain & Prosser, was awarded an AV Peer Review Rating by Martindale-Hubbell Law Directory. Martindale-Hubbell has published ratings of lawyers continuously since 1868. The AV Peer Review Rating identifies a lawyer with "very high to preeminent" legal ability and "very high" ethical standards. It is the highest rating issued by Martindale-Hubbell.

Martindale-Hubbell's ratings are derived from interviews with members of the bar and the judiciary. The ratings reflect a lawyer’s expertise, experience, integrity and overall professional excellence. The "AV" rating requires a minimum of ten years in the practice of law, and it is a reflection of the high regard in which Ms. Ketchum is held by the bench and bar that she received this rating in only her eleventh year of practice. She joins seven other shareholders at Stichter, Riedel who are also "AV" Rated, Don M. Stichter, Harley E. Riedel, Russell M. Blain, Richard C. Prosser, Charles A. Postler, Scott A. Stichter and Stephen R. Leslie. Thus, nine of Stichter, Riedel's thirteen lawyers, and all who have practiced for at least ten years, have been awarded the highest Martindale-Hubbell rating.


DEVELOPERS OF NORTH FLORIDA ACTIVE RETIREMENT COMMUNITY FILE FOR CHAPTER 11 RELIEF – October 8, 2008
On October 8, 2008, Stichter Riedel filed Chapter 11 Petitions for four entities involved in the development of the Arlington Ridge development consisting of approximately 492 acres of real property located in Lake County, Florida, approximately seven (7) miles south of downtown Leesburg. The Arlington Ridge development is a planned unit development (“PUD”) that will upon completion contain 1,036 residential units (942 single family homes and 94 attached townhouses and villas). The development includes certain amenities, including a 6,289 square foot clubhouse, a 10,189 multi purpose hall, a 1,829 square foot administration building, a 5,133 square foot fitness center, two pools, an 18 hole golf course, a restaurant, a tavern, and an ice cream and coffee shop. All of the Amenities other than the golf course and the pro shop are owned and operated by the Arlington Ridge Community Development District, a public entity created pursuant to the Florida Statutes. The Debtors owed in excess of $40 million to various lenders, including bondholders of the CDD, at the time of filing.


EDWARD PETERSON SPEAKS ON TROUBLED REAL ESTATE AT THE CUMBERLAND SCHOOL OF LAW BANKRUPTCY LAW SEMINAR - October 3, 2008
Shareholder Edward J. Peterson spoke at the 19th-Annual Bankruptcy Law Seminar sponsored by the Cumberland School Of Law in Birmingham, Alabama, on the subject of "News from the War Zone: Bankruptcy Issues on the Front Lines of the Real Estate Crisis." Other speakers included Bankruptcy Judges Jack Caddell, Benjamin G. Cohen, James J. Robinson, Dwight H. Williams, Jr., Margaret A. Mahoney, Tamara O. Mitchell & C. Michael Stilson. Mr. Peterson was one of four practicing lawyers selected to speak at the seminar.


BANKRUPTCY COURT CONFIRMS CHAPTER 11 PLAN FOR TAMPA CHANNELSIDE CONDOMINIUM PROJECT– October 1, 2008
On October 1, 2008, the United States Bankruptcy Court for the Middle District of Florida entered an order confirming the plan of reorganization of Towers of Channelside, LLC. The Debtor had filed for Chapter 11 protection in February 2008. The plan featured a restructuring of obligations to a bank group led by Wachovia Bank, which was owed approximately $58 million on the petition date, and to unsecured creditors with claims of approximately $32 million. Harley E. Riedel and Edward J. Peterson led the firm’s representation in this case. Read more in the Tampa Bay Business Journal.

SALE OF COMMUNITY ORGANIC GROCERY STORE CONCLUDED – SEPTEMBER 25, 2008
On September 25, 2008, Nature’s Harvest Market and Deli, Inc. and Taylor Brothers, LLC closed the sales of all of their assets to a third party purchaser, which currently owns and operates an organic grocery store in St. Petersburg, Florida. The sale of Nature’s Harvest preserves one of the oldest organic grocery stores in the Tampa Bay area. The store will be renamed "Rollin’ Oats." It is further expected that a majority of the employees will retain their jobs. The sales involved negotiating and ultimately reaching out-of-court workouts with the secured creditors of both Nature’s Harvest and Taylor Brothers. Elena Paras Ketchum was primarily responsible for handling these cases for the firm.

PLAN OF REORGANIZATION CONFIRMED FOR FLOORING COMPANY – SEPTEMBER 24, 2008
On September 24, 2008, the United States Bankruptcy Court for the Middle District of Florida, Tampa Division, entered an order confirming the Plan of Reorganization of Royal Floors, Inc. under which Royal Floors, Inc. will continue as a going concern under its prepetition management and with the same equity ownership structure that existed prepetition. Royal Floors is in the business of selling and installing quality flooring in both residential and commercial properties. Stichter, Riedel promulgated the plan on behalf of Royal Floors and has represented Royal Floors as a debtor-in-possession since the case was filed in May 2008. Elena Paras Ketchum served as lead counsel for the debtor throughout the case.

STEPHEN LESLIE SPEAKS AT THE COLLIER COUNTY BAR ASSOCIATION September 19, 2008
Shareholder Stephen Leslie spoke at a program sponsored by the Family Law Section of the Collier County Bar Association at one of its regular meetings held at the Strand Country Club in Naples, Florida. He addressed legal issues raised by the intersection of bankruptcy law, real estate law, and family law in the current economic environment.


TAMPA-BASED SEAFOOD RESTAURANT CHAIN FILES FOR RELIEF UNDER CHAPTER 11 – September 2, 2008
On September 2, 2008, Stichter Riedel filed a Chapter 11 Petition for Shells Seafood Restaurants, Inc. Shells was founded in 1985 and went public in 1993. On the Petition Date, the Debtor operated twenty- three casual dining restaurants in Florida. Simultaneously with the filing, the Debtor closed eight of these restaurants, leaving it with a core group of fifteen restaurants.

HARLEY E. RIEDEL PARTICIPATES IN NATIONAL ASSOCIATION OF HOMEBUILDERS SEMINAR - AUGUST 21, 2008
Shareholder Harley E. Riedel participated as one of four panelists in a national web seminar sponsored by the National Association of Homebuilders on August 21, 2008. Mr. Riedel and the other panelists spoke on the topic of "Coping With Financial Distress" addressing the variety of issues facing homebuilders in the current economic environment.


BANKRUPTCY COURT ENTERS FINAL ORDER APPROVING POST-PETITION FINANCING IN NAPLES CONDOMINIUM CASE – JULY 25, 2008
Following a final hearing on July 21, 2008, the United States Bankruptcy Court, Ft. Myers Division, entered an order approving a $26.1 million post-petition financing facility sought by the three Debtors (Ecoventure Wiggins Pass, Ltd., Aqua At Pelican Isle Yacht Club Marina, Inc., and Pelican Isle Yacht Club Partners, Ltd.). The final order also contained adequate protection provisions with respect to claims in excess of $90 million held by a group of pre-petition lenders. The post-petition financing will enable the Debtors to complete construction of the luxury waterfront condominium and marina project and will provide additional funds to market and maintain the property, including the payment of the Debtors’ share of homeowners’ expenses for an extended period of time following the completion of construction. The Court also approved at hearings on July 21st and 24th the assumption of a contract for the sale of two of the condominium units, together with a marina slip and cottage, for in excess of $12 million and the retention of Gerard A. McHale, Jr., as Chief Restructuring Officer for the Debtors.


TAMPA-BASED CHAIN OF STEAKHOUSE RESTAURANTS FILES FOR RELIEF UNDER CHAPTER 11 – JUNE 27, 2008
On June 27, 2008, Stichter Riedel filed Chapter 11 Petitions for Sam Seltzer’s Steak Houses Of America, Inc., and fourteen subsidiary corporations. On the Petition Date, the Debtors operated nine casual dining restaurants on the West Coast of Florida. Simultaneously with the filing, the Debtors filed motions to obtain post-petition financing in the amount of $1 million from Capital Resources Partners. The Debtors’ motions to use cash collateral and other first day motions were granted shortly after the filing of the Chapter 11 petitions. Interim post-petition financing of $200,000 was approved pending a final hearing.


NAPLES CONDOMINIUM AND MARINA PROJECT FILES FOR CHAPTER 11 PROTECTION AND SEEKS APPROVAL OF POST-PETITION FINANCING – JUNE 24, 2008
Stichter Riedel filed Chapter 11 Petitions for Ecoventure Wiggins Pass, Ltd., Aqua At Pelican Isle Yacht Club Marina, Inc., and Pelican Isle Yacht Club Partners, Ltd. on June 24, 2008. At the same time, the firm filed a motion seeking approval of a $26.1 million financing facility from Cypress Lending Group, Ltd. The three Debtors are the developers of a waterfront condominium project that includes an adjoining marina with boat slips. On June 27, 2008, Judge Alexander L. Paskay approved interim financing under the proposed DIP facility of $4.8 million.


Russell M. Blain Elected Chair of Business Law Section of The Florida Bar—June 19, 2008
Russell M. Blain has been elected to serve as chair of the Business Law Section of The Florida Bar. The Business Law Section comprises members of The Florida Bar practicing in the areas of corporations, securities, financial services, business litigation, bankruptcy, creditors’ rights, intellectual property, antitrust, franchise, trade regulation, and other areas that provide services to the business and consumer community. The Business Law Section provides a forum for the discussion and exchange of ideas leading to the improvement of the laws relating to these areas of law. The Section originates, advocates, and monitors legislation; sponsors continuing legal education programs; publishes materials including a yearly journal of state and federal business law developments; and provides networking and liaison opportunities for lawyers, judges, academicians, and law students. Mr. Blain was elected to the chair position of the Section at the annual convention of The Florida Bar held in Boca Raton in June. He previously has chaired the Continuing Legal Education, Bankruptcy/Uniform Commercial Code, Bankruptcy Judicial Liaison, and Legislation committees of the Business Law Section and has served on the Executive Council and as secretary/treasurer of the Section.


BANKRUPTCY COURT CONFIRMS CHAPTER 11 PLAN FOR MARCO ISLAND CONSTRUCTION COMPANY – JUNE 19, 2008
On June 19, 2008, the United States Bankruptcy Court, Ft. Myers Division, entered an order confirming the plan of reorganization of Enterprise Construction, Inc. The Debtor had filed for Chapter 11 protection in October, 2007, with post-petition financing being provided by principals of the Company. The plan featured a restructuring of obligations to Regions Bank, a voluntary surrender of collateral (homes under construction) to Bank of America, subordination of the DIP financing to permit payments to general unsecured creditors, and a new contribution by principals to fund distributions to unsecured creditors. The plan also contained injunctive provisions and releases prohibiting actions against the principals who had funded the Chapter 11 plan. At an evidentiary hearing held at the time of confirmation, the Bankruptcy Court also found that the value of the collateral surrendered to Bank of America fully satisfied Bank of America’s debt and that Bank of America had no unsecured deficiency claim. Stephen R. Leslie and Daniel R. Fogarty led the firm’s representation in this case.


Stichter, Riedel Lawyers Elected to Positions in Tampa Bay Bankruptcy Bar Association - June 6, 2008
Elena Paras Ketchum was inducted at the annual dinner of the Tampa Bay Bankruptcy Bar Association to serve as the Treasurer of the TBBBA for the 2008-2009 term. Ms. Ketchum had previously served as a member of the board of directors of the TBBBA from 2006 to 2008. In addition, Edward J. Peterson was inducted as a director of the TBBBA. Mr. Peterson was first elected as a director in 2007.


Plan of Reorganization Confirmed for Cable Manufacturer - June 4, 2008
On June 4, 2008, the United States Bankruptcy Court for the Middle District of Florida, Tampa Division, entered an order confirming the Plan of Reorganization of Performance Line Hardware, LLC under which Performance Line will continue as a going concern under its prepetition management and with the same equity ownership structure that existed prepetition. Performance Line manufactures specialty cable, wire rope, and strand products from stainless steel, drawn and hot-dipped galvanized carbon steel, carbon steel, monel, inconel, tin-plated phosphor bronze, silicon tin bronze, titanium, MP35N and many other specialty alloys. Performance Line's customers include OEM manufacturers in a wide variety of industries including the military, government, medical, power utilities, telecommunications, cable television, petro-chemical, oil exploration and marine industries. Stichter, Riedel promulgated the plan on behalf of Performance Line and has represented Performance Line as a debtor-in-possession since the case was filed in June 2007.


Florida Uniform Fraudulent Transfer Act interpreted by District Court - May 21, 2008
On May 21, 2008, the District Court for the Middle District of Florida ruled in favor of Stichter, Riedel's client and held that the court appointed Receiver could pursue a third party who received a benefit from a fraudulent transfer rather than receiving the actual fraudulent transfer and that the pleading fraud with particularity requirements under FRCP 9(b) are not applicable to pleading causes of action under the Florida Uniform Fraudulent Transfer Act.


Plan of Reorganization Confirmed in Related Cases of Shutter Manufacturers – May 1, 2008
On May 1, 2008, the United States Bankruptcy Court for the Middle District of Florida, Tampa Division, entered an order confirming the Plan of Reorganization of four related entities, Valco Enterprises, Ltd., Shutter Enterprises Group, Inc., Roll-a-Way, Inc. and Valco Group, Inc. The Debtors were engaged in the business of manufacturing, selling, and installing of various types of shutter systems throughout Florida. The Plan followed a court-approved sale of substantially all of the Debtors' assets to Qualitas Manufacturing, Inc., a leading national shutter manufacturer. Stichter, Riedel promulgated the plan on behalf of the Debtors and has represented the Debtors as a debtors-in-possession since the case was filed in October 2007. Elena Paras Ketchum was primarily responsible for handling the case for the firm.


Joint Plan of Reorganization Confirmed - March 5, 2008
On March 5, 2008, the Bankruptcy Court for the Middle District of Florida, Ft. Myers Division, ruled from the bench that the Court would confirm the Joint Plan of Reorganization of RCMP Enterprises, LLC and Carmello Natoli in the case of Weeks Landing, LLC. Weeks Landing is one of four related debtors involved with a planned marina/condominium real estate project in Estero, Florida, at the end of Coconut Road. Stichter, Riedel promulgated the plan on behalf of RCMP, and represented RCMP as debtor-in-possession lender since the cases were filed in 2006 and throughout its involvement in the cases.


Sale of Not-for-Profit Hospital Concluded - February 29, 2008
On February 29, 2008, Sun Coast Hospital, Inc., and Sun Coast Imaging, Inc., closed the sale of substantially all their operating assets and the transfer of contracts and leases to Largo Medical Center, Inc., a wholly-owned subsidiary of Hospital Corporation of America, for $19.7 million. The sale was conducted upon approval obtained from the Bankruptcy Court in Tampa. The Sun Coast entities retained cash on hand, accounts receivable, and other non-operating assets. The proceeds from the sale, together with proceeds obtained from the disposition of retained assets, will fund a Chapter 11 plan. The closing of the sale transaction was handled by Charles A. Postler of the firm.

Sale of Roofing Supply Company Concluded - February 29, 2008
On the same day as the Sun Coast Hospital closing, Stichter Riedel also handled the closing of the sale of substantially all the assets of Suncoast Roofers Supply, Inc., to SRS Acquisition Corporation, a subsidiary of AEA Investors, for $12.6 million. The Chapter 11 process culminated in a successful auction and approval of the sale by the Bankruptcy Court in Tampa. Suncoast had been one of the largest distributors of roofing supplies to Florida residential and commercial markets. The Debtor was able to close the sale on the same day as the entry of the order approving it because the Court, at the request of the Debtor, authorized an immediate sale and waived the ten-day stay imposed by Bankruptcy Rule 6004(h). Russell M. Blain has led the firm’s representation of Suncoast Roofers.


Continuum Care Services, Inc., d/b/a The Family/Cowcat Enterprises, Inc. – Sale of Sunrise Psychiatric Hospital closes. - February 15, 2008
On February 15, 2008, the substantively consolidated debtors completed the sale of Sunrise Psychiatric Hospital to Louis Bombart for $12,000,000.

Continuum Care Services, Inc., d/b/a The Family/Cowcat Enterprises, Inc. – Bankruptcy Court order approving sale of Sunrise Psychiatric Hospital - February 6, 2008
On February 6, 2008 the U.S. Bankruptcy Court for the Southern District of Florida entered an order approving the sale of substantially all of the assets of the substantively consolidated Debtors, Continuum and Cowcat, to Louis Bombart for $12 million. It is anticipated, although not guaranteed, that the proceeds of the sale will be sufficient to pay all creditors in full.


Towers of Channelside Seeks Relief under Chapter 11 – Jan 25, 2008
Stichter Riedel filed in the United States Bankruptcy Court for the Middle District of Florida a voluntary petition for Towers of Channelside, LLC seeking reorganization under Chapter 11. Towers of Channelside is the developer of a high-rise condominium consisting of twin 29-story towers with 257 residential condominium units and additional ground-floor retail space, including three restaurants. Towers has approximately $84.5 Million in secured and unsecured debt. With the petition, the firm filed a number of motions, including a motion to sell units and a motion to use cash collateral. Both motions were granted by the Bankruptcy Court at an expedited hearing held shortly after the filing.


Bankruptcy Court Confirms Plan of Reorganization in Clearwater Cylinder Chapter 11 Case - January 16, 2008
The Bankruptcy Court in Tampa confirmed the plan of reorganization for Clearwater Cylinder Head, Inc. The plan provides for the continued operation of the company and for periodic payments to creditors, resolving disputes with GMAC, LLC, which had alleged an interest in the company arising from a $420 million judgment that it had obtained against an officer of the company. Scott A. Stichter was primarily responsible for handling the case for the firm.


Continuum Care Services, Inc. d/b/a/ The Family - Court approves substantive consolidation of debtor with non-debtor affiliate and establishes bid and sale procedures. - January 7, 2008
The firm recently prevailed on a motion for summary judgment resulting in the substantive consolidation of the debtor, Continuum, who owns the license for a 100-bed psychiatric hospital, with a non-debtor affiliate, Cowcat Enterprises, Inc., the owner of the real property where the hospital is located. There is presently a stalking horse offer of $14,000,000. The auction is scheduled for January 28, 2008 at the Facility. The Sale Order is available for review on our Home Page under "documents."


Not-For-Profit Hospital Seeks Relief Under Chapter 11 - December 28, 2007
Stichter, Riedel filed in the United States Bankruptcy Court for the Middle District of Florida, Tampa Division for Sun Coast Hospital, Inc., a not-for-profit 200-bed general acute care hospital with outpatient service facilities that had operated for more than fifty years. Prior to filing, the Debtor entered into an agreement to sell substantially all of their assets to a wholly-owned subsidiary of Hospital Corporation of America. The firm also filed a Chapter 11 petition for a subsidiary of the Debtor, Sun Coast Imaging Center, LLC, which operates a magnetic resonance imaging center. Following the filings, the Debtors obtained court approval to use cash collateral subject to asserted liens of The Bank of New York, as indenture trustee, and to implement an incentive program for key employees. The Debtors also successfully opposed the appointment of a patient care ombudsman.

Article on Releases in Chapter 11 Cases Published by Florida Bar - December 12, 2007
Edward Peterson's article summarizing the law governing releases in Chapter 11 cases was selected for publication on page 1 of the Florida Bar's Out-of-State Practitioners Division's State-to-State journal. The article discusses published and unpublished decisions in Florida and the Eleventh Circuit and concludes with a quote from Judge Jenneman's In re Transit Group, Inc. case noting that the law in Florida is "pro-release."

TAMPA CITY COUNCIL COMMENDATION Presented to DON STICHTER - November 15, 2007
In honor of his fifty years of service in the legal profession in Tampa, City Council is honored to recognize Don Stichter. Beginning the practice of law in 1957, Mr. Stichter has provided invaluable service and advice to many members of our community. Don served as president of the Hillsborough County Bar Association in 1972-73. He was one of the founders of the Tampa Bay Bankruptcy Bar Association and served as its first president in 1988-89. In 2001, Mr. Stichter received the Hillsborough County Bar Association’s Outstanding Lawyer Award. In 1974, he co-founded the legal firm of Stichter, Riedel, Blain and Prosser and has continued to serve the public for the past third of a century with diligence and compassion. Therefore, it is altogether fitting and proper that the Tampa City Council present this commendation to Don Stichter on behalf of a grateful community. *signed and sealed members of City Council *presented on Nov. 15, 2007 by Mr. Dingfelder

Roofing Supply Company Seeks Relief Under Chapter 11 - November 14, 2007
Stichter, Riedel filed a voluntary petition seeking relief under Chapter 11 for Suncoast Roofers Supply, Inc. in the United States Bankruptcy Court for the Middle District of Florida, Tampa Division. At the time of filing, Suncoast was one of the largest distributors of roofing supplies to Florida residential and commercial markets. Shortly after filing, the Bankruptcy Court entered first day orders approving postpetition financing and otherwise allowing the company to continue to continue to operate its business.


Editorial: Insolvency & Restructuring in Florida
Boutique firm Stichter Riedel Blain & Prosser PA is a 13-lawyer outfit with two Florida offices, and it stands alongside Akerman Senterfitt at the top of our findings as one of only two firms with three partners included in the following pages. Respondents were effusive in their praise for Harley Riedel; he was variously described as “fantastic”, “a star” and “at the very top of the elite”. He headed the firm’s representation of the creditors’ committee of Anchor Glass, LincNet, JumboSports, American Ship Building Company, Barret Home, Provincetown-Boston Airlines and Retail Networks, among others. His bankruptcy mediation work was also picked out as being “of the highest quality”. The “very eminent” Don Stichter was one of the first three Florida lawyers selected to be a Fellow of the American College of Bankruptcy, and has led the firm’s representation in Hillsborough Holdings, Silk Greenhouse, Frank Morsani, Gulf Tampa Drydock, Sunstate Dairy and Trident Shipworks. The “stellar” Russell Blain is particularly well known for his chapter 11 reorganization work, and his recent clients include Moltech Power Systems and Moltech Corporation, Centurion Hospital of Carrollwood and Ace Auto Parts.

Marco Island Construction Company Seeks Relief under Chapter 11 - October 4, 2007
Stichter Riedel filed in the Ft. Myers division of the United States Bankruptcy Court for the Middle District of Florida a voluntary petition for Enterprise Construction, Inc. seeking reorganization under Chapter 11 . Enterprise is a Florida corporation with headquarters in Marco Island, Florida. It is a leading home builder on Marco Island with a number of homes under construction. The Company is involved in litigation in which it seeks to collect significant amounts owed on completed homes. Simultaneously with the filing of the Chapter 11 petition, Enterprise filed a number of motions, including a motion seeking approval of a post-petition line of credit. Initial case status hearings were held on November 1, 2007, and the firm was successful in obtaining preliminary Court approval of the post-petition line of credit and in obtaining orders setting December 31, 2007 as the bar date for filing claims and authorizing the rejection of a burdensome lease effective as of the filing date.

Stephen Leslie Presents at Southwest Florida Bankruptcy Bar Meeting - October 4, 2007
At the October 4, 2007 luncheon of the Southwest Florida Bankruptcy Professional Association, Stephen R. Leslie spoke and presented at seminar involving Chapter 11 issues. The format was an interactive and inclusive discussion, and focused on legal, ethical, and practical issues involving real estate related workouts and Chapter 11 cases, as well as small business Chapter 11 cases. As a result of recent economic challenges in the real estate market, the firm's practice in general has focused on the developing restructuring and Chapter 11 practice in this important component of the economy, and in particular the Southwest Florida region of our State.


Court Confirms Unsecured Creditors’ Committee Plan in Skyway Communications Holding Corp. - August 17, 2007
SRBP represented the Committee in Skyway Communications Holding Corp. Skyway filed a Chapter 11 Case on June 14, 2005. Prior to the petition date, Skyway was in the business of developing a ground-to-air in-flight communication network to facilitate homeland security and in-flight entertainment. The Firm, on behalf of the Committee, was successful in obtaining the appointment of a Chapter 11 Trustee. The Committee proposed and filed a Disclosure Statement and Plan which was confirmed by the Bankruptcy Court. The Plan provided for the cancellation of the publicly-traded stock of Skyway and the issuance of private stock to the purchaser. Richard C. Prosser served as lead counsel for the Firm.


Elena P. Ketchum and Edward J. Peterson Become Shareholders – July 2007
Stichter, Riedel, Blain & Prosser is pleased to announce that Elena Paras Ketchum, who joined the firm in 2001, and Edward J. Peterson, who joined the firm in 2005, have been named shareholders. Both Elena and Edward serve on the Board of Directors of the Tampa Bay Bankruptcy Bar Association and are actively involved in the firm's reorganization and work-out practice. Both are members of the Business Law Section of The Florida Bar.

Elena received her J.D., with honors, from the University of Florida College of Law and her B.A., magna cum laude, from Agnes Scott College, where she was also inducted into Phi Beta Kappa.

Edward received his B.A from Kenyon College and his J.D. magna cum laude from the University of Alabama College of Law.


Chapter 11 Plan Confirmed in GSR Case – July 16, 2007
On July 16, 2007, the United States Bankruptcy Court for the Middle District of Florida confirmed the joint plan of reorganization of GSR Development, LLC, and the Official Committee of Unsecured Creditors. At the inception of the Chapter 11 case, GSR was the largest landowner and developer on Anna Maria Island. The joint plan was the product of months of negotiations led by Stichter, Riedel on behalf of the lead proponent, and involved the embodiment of a compromise of complex litigation and the disposition of real estate valued in excess of $40 million.


Stichter Riedel selected as Committee Counsel in Southwest Florida Real Estate Case - July 5, 2007
On July 5, 2007, the firm, led by Edward Peterson and Stephen Leslie, was selected from multiple candidates as counsel for the Official Committee of Unsecured Creditors in the case of In re Jordyn Holdings IV, LLC. The case involves a 400 plus acre platted subdivision located in Lee County, Florida, under contract for $53,000,000.

Moltech Power Systems (Battery Park Industries) Confirms Chapter 11 Plan of Reorganization in Northern District of Florida Case (June 4, 2007)
Chief Judge Lewis Killian of the Northern District of Florida Bankruptcy Court confirmed the plan of reorganization filed by Moltech Power Systems, Inc. (now known as Battery Park Industries, Inc.), on June 4, 2007. At one time Moltech was one of the largest manufacturers of nickel metal hydride battery cells in the world. At the time it filed its Chapter 11 petition in 2001, Moltech was the last-remaining United States owned manufacturer of nickel cadmium and nickel metal hydride battery cells that manufactured its cells within the United States. The facility, located in Alachua, Florida, north of Gainesville, had been built in the 1960’s by General Electric Co. and later operated by Gates Tire Company. It was later acquired by Energizer Holdings, Inc., and Eveready Battery Company and subsequently sold to Moltech in the late 1990’s. Moltech had been financed with a $54 million credit facility from Congress Financial Corporation (Florida), which merged into Wachovia Bank during the course of Moltech’s Chapter 11 case. During the case, Moltech concluded a series of asset sales to various entities, including a Chinese company, an Atlanta energy company, and a Connecticut battery manufacturer. By plan confirmation, a substantial portion of the senior credit facility had been paid down, the remaining portion had been assumed by Topspin Partners L.P. of Roslyn Heights, New York, for itself and other entities, and more than $2 million had been funded for unsecured creditors. The Stichter Riedel team that represented Moltech throughout the case was led by Russell M. Blain and included Wanda Hagan Golson and Stephen R. Leslie. The case represents one of the largest Chapter 11 cases ever filed in the Northern District of Florida.

Harley E. Riedel II Receives Prestigious Douglas P. McClurg Professionalism Award From The Tampa Bay Bankruptcy Bar Association - May 31, 2007
TAMPA – The Tampa Bay Bankruptcy Bar Association announces that Harley E. Riedel II is a recipient of the Douglas P. McClurg Professionalism Award. The award is presented to an individual attorney who exemplifies over a period of years the traits demonstrated by Douglas P. McClurg during his lifetime. The criteria for the award are outstanding effectiveness in the presentation of matters to the Bankruptcy Court, a reputation for thorough preparation, civility and courtesy to opposing counsel, appropriate courtroom demeanor, ethical conduct and professionalism at the highest level and long term service to the bankruptcy bar.

Riedel is a partner with Stichter Riedel Blain and Prosser. He is a graduate of Baylor University and received his juris doctorate from the Levin College of Law at the University of Florida. He was a founding director of the TBBBA and served as president and chairman. He has also served as an officer and director of the Tampa Bay Federal Bar Association and as chairman of the Hillsborough County Law Library. He has spoken and written on bankruptcy related topics for numerous groups. He is the principle author of the section on Chapter 11 Practice in the Thomson West Publishing Company publication, “Norton Handbook for Bankruptcy Trustees, Debtors-in-Possession, and Committees.”

Riedel is a fellow of the American College of Bankruptcy and has been listed in The Best Lawyers in America® for bankruptcy law. He was recognized as one of Florida’s "Legal Elite" in the Florida Trend magazine.

The only other recipients of the prestigious are Don M. Stichter and Leonard Gilbert.

McClurg died in a hunting accident in 2002. McClurg was one of the founding directors of the TBBBA and served as president and chair. He provided an unparalleled example of professionalism.

The TBBBA established the award in his honor in 2003. Each year the TBBBA assembles a selection committee consisting of former chairs of the TBBBA, past recipients of the award and a sitting United States Bankruptcy Judge to determine if an individual is properly deserving of the award, which need not be given on an annual basis.

The TBBBA is a voluntary bar association organized in 1988 and has 300 members.

The United States Bankruptcy Court for the Middle District of Florida is one of the busiest bankruptcy courts in the nation. Last year, over 15,000 cases were filed in the Middle District of Florida. Demographically, approximately eight million of Florida’s fifteen million people reside in the Middle District of Florida. It contains thirty-five of Florida's sixty-seven counties including four of Florida’s largest metropolitan areas (Fort Myers, Jacksonville, Orlando, and Tampa/St. Petersburg).

Stichter Riedel Lawyer Amy Denton Harris Inducted into the Supreme Court of the United States--May 21, 2007

Amy Denton Harris was inducted into the Supreme Court of the United States, the highest court in the nation. The induction ceremony took place in Washington, D.C. on May 21, 2007. Amy joins shareholder Russell M. Blain as a member of the Bar of the Court.

Firm Prevails in Homestead Equitable Lien Dispute and Concludes Global Settlement in Gosman Case - April 13, 2007
The firm has been counsel to the debtor, Abraham D. Gosman, since late 2003 in one of the largest individual Chapter 7 cases ever filed in the Southern District of Florida. After extensive litigation with the Chapter 7 Trustee and others over numerous issues, including the parties' entitlement to the proceeds of the sale of Mr. Gosman's 6.2 acre Palm Beach residence located on the Atlantic Ocean, Mr. Gosman reached a settlement with the Trustee that was conditioned upon the Court's denial of an equitable lien on his homestead. J.P. Morgan Chase Bank had asserted the entitlement to a lien based upon Mr. Gosman's alleged breach of a negative pledge agreement and alleged fraudulent conduct. The firm moved to dismiss Chase's equitable lien motion on the bases (a) that the Florida Constitution, applicable in bankruptcy cases pursuant to Section 522(b) of the Bankruptcy Code, did not permit a lien on the homestead and (b) that prior orders of the Court precluded the imposition of a lien under principles of res judicata. On the eve of a hearing to approve the global settlement, the Bankruptcy Court issued an order denying the JPMorgan Chase equitable lien on both grounds urged by the firm on behalf of Mr. Gosman. The Court subsequently approved the global settlement, which also resolved eighteen pending appeals, and the settlement has been closed. The firm's representation of Mr. Gosman was led by Harley Riedel, Wanda Golson, and Amy Harris.


Firm successful in contested conversion of Continuum Care to Chapter 11 - April 6, 2007
After an involuntary Chapter 7 petition was filed against Continuum Care Services, Inc. d/b/a The Family in the United States Bankruptcy Court S. D. Florida, SRBP filed a contested motion to convert the case to Chapter 11 and to discharge the Chapter 7 trustee. In addition, a motion to appoint a chief restructuring officer was filed. After conducting an evidentiary hearing, Judge Olson granted both motions. Continuum is a 90,000 sq. ft., 100 bed psychiatric and substance abuse facility situated on approximately 10 acres and located in Sunrise, Florida.


Firm files Committee Plan in Skyway - April 6, 2007

SRBP represents the Committee in the Skyway Communications Holding Corp. Recently, the Committee proposed and filed a Disclosure Statement and Plan which will cancel the publicly-traded stock and issue private stock to the purchaser.

Stichter Riedel Lawyer Russell M. Blain Invited to Become a Fellow of the American College of Bankruptcy – March 2007
Shareholder Russell M. Blain has been invited to become a Fellow of the prestigious American College of Bankruptcy. The induction ceremony took place in Washington, D.C. on March 23, 2007. Russell joins his fellow shareholders Don M. Stichter and Harley E. Riedel in the College. He is the only practicing lawyer in the Eleventh Circuit to be inducted into the College in 2007.

The American College of Bankruptcy, founded in 1989, is an honorary association of bankruptcy and insolvency professionals. Its Fellows include: commercial and consumer bankruptcy attorneys, judges, government officials, law professors, bankruptcy trustees, investment bankers, accountants, and others involved in the bankruptcy and insolvency community. Nominees are extended an invitation to join based on a proven record of the highest standards of professionalism and service to the profession.

DIP Lender Files Chapter 11 Plan in Two Weeks Landing Cases – March 2007
RCMP Enterprises, LLC, a post-petition lender to two of the Debtors in the Ft. Myers Chapter 11 cases of Weeks Landing LLC, Shell Cove Marine Properties LLC, Estero Commons LLC and 131 Group Inc., filed a plan of reorganization and disclosure statement in the cases of Weeks Landing and Shell Cove. RCMP holds approximately $1 million in post-petition debtor-in-possession loans that enjoy senior or junior lien status on various parcels of the Debtors' properties, as well as administrative super-priority. The United States Bankruptcy Court has scheduled hearings on RCMP's disclosure statement for September 6, 2007.

Firm obtains favorable Report and Recommendation for investors in SEC Ponzi-scheme receivership - January 12, 2007

Wanda Hagan Golson, in joint representation with other defendants’ attorneys, successfully defended several investors sued by the SEC appointed receiver for the return of principal investment repayments in a ponzi-scheme receivership. The District Court in the Middle District of Florida, Tampa Division, is now considering objections by the Receiver to the Report and Recommendation and the investors’ response thereto.


Physician Covenant Not to Compete Litigation – December 2006
Wanda Hagan Golson and Amy Denton Harris brought a declaratory judgment action on behalf of a physician to release him from the covenant not to compete in his employment contract due to his employer’s prior breach of the employment contract. The employer settled the action and fully released the physician the day of the preliminary injunction hearing.


Firms Obtains Disallowance of $165 Million in Claims in Anchor Glass - December 12, 2006
As counsel for Samuel Stricklin, the Alpha Resolution Trustee under Anchor Glass Container Corporation's plan of reorganization, the firm is well along in its efforts to resolve outstanding claims. To date, the firm has filed objections to more than $200 million of filed and scheduled claims. The objections have resulted in the reduction of approximately $195.5 million in filed and scheduled claims to approximately $25.8 million. The Firm continues to press forward on objections.

Edward J. Peterson Speaks at Creditor's Rights Seminar - September 18, 2006
On September 18, 2006, Edward Peterson spoke at a Creditors' Rights Seminar sponsored by the National Business Institute. Edward spoke on how the new Bankruptcy Act has affected creditors' rights and remedies.

Bankruptcy Court Confirms Individual Chapter 11 Plan - September 14 , 2006
Approximately ten months after the filing of a joint Chapter 11 petition, Judge Catherine Peek McEwen confirmed a Chapter 11 plan for a medical doctor and his wife in the case of In re Wiley. The case presented challenging issues, including a contested dischargeability action. Susan Sharp headed up the firm’s representation, with Ms. Sharp and Edward Peterson handling the confirmation issues.

Firm Opens Ft. Myers Office - September 1, 2006
The firm has opened an office located at 1342 Colonial Blvd Ste H57 Fort Myers FL 33907. The office number is (239)939-5518 and fax: (239)939-5568. The firm has regularly handled the representation of debtors, creditors’ committees, purchasers, and secured and unsecured creditors in Chapter 11 bankruptcy cases in Ft. Myers for decades, including many of the largest cases filed there. These cases include The Shell Factory (debtor in possession), Shaw Aero Devices (debtor in possession), Port O’ the Islands Community Development (debtor in possession), Corkscrew Golf Property Land Trust (Wildcat Run) (debtor in possession), Harbor Place Associates (owner of the Sheraton Harbor Place Hotel)(debtor in possession), the Twin Eagles cases (secured creditor and DIP lender), Riverwood Land Company (debtor in possession), and Morton Goldberg (special counsel to debtor). The firm is currently representing the debtors in possession or other major parties in interest in cases that include: Weeks Landing (DIP lender and potential plan funder), Cassidy (debtor in possession), Southwest Florida Heart Group (former members), CEM Construction (debtor in possession), and Morande Enterprises (co-counsel for debtor in possession). The opening of the new office reflects the firm’s historical commitment to the Ft. Myers and Naples area, as well as the increased activity in the firm's Ft. Myers/Naples practice.

Elena Paras Ketchum receives the James M. "Red" McEwen Memorial Award - September 2006
The Hillsborough County Bar Association awarded Elena P. Ketchum the James M."Red" McEwen Memorial Award. This award is named in honor of the late Red McEwen, a distinguished lawyer with the Gibbons, Tucker, McEwen, Smith & Cofer firm and active community volunteer. Among other things, the University of South Florida baseball field is named in his honor. The award is presented annually by the HCBA to the individual that contributed most to the Association during the year. Ms. Ketchum co-chaired the Community Service Committee of the HCBA.

Ft. Myers Bankruptcy Court Denies Summary Judgment On Collateral Estoppel Effect Of Pre-Bankruptcy Arbitration Award - August 18, 2006
The firm successfully defended a summary judgment motion filed by a group of doctors against an individual Chapter 11 debtor radiologist in connection with a dischargeability action related to a pre-petition arbitration award. Judge Alexander L. Paskay determined that the arbitration award lacked the specificity necessary to apply the doctrine of collateral estoppel, and denied the Plaintiffs’ motion for summary judgment and motion for judgment on the pleadings. The Chapter 11 case is ongoing.

Southern District Bankruptcy Court Approves Sale of Substantially All Assets of World’s Largest Manufacturer of Trash and Linen Chutes for High Rise Buildings - August 8, 2006
Bankruptcy Judge Raymond Ray approved the sale of substantially all of the assets of Wilkinson High Rise, LLC and Wilkinson Chutes, Inc. under §363 of the Bankruptcy Code to a buyout group consisting of members of management and financial advisors to the companies, both of which had operated their businesses as debtors in possession. The firm represented the Debtors, and the sale was supported by the companies’ largest secured creditor, which financed the transaction, and by the Official Committee of Unsecured Creditors. After announcing from the bench the approval of the sale on July 17, 2006, the Court held an emergency hearing to resolve an objection of the United States Trustee to the inclusion of language releasing claims against members of the management team that would also manage and partially own the purchasing entity. The Court approved the release language, which was supported by the Committee and the major secured creditor, General Electric Credit Corp. Harley Riedel, Charles Postler, Greg Golson and Edward Peterson were the lawyers at the firm primarily responsible for documenting and obtaining approval of the transaction.

Largest Developer on Anna Maria Island, Florida, Seeks Relief in Chapter 11 - July 15, 2006
GSR Development, LLC, sought relief under Chapter 11 of the Bankruptcy Code on July 13, 2006. The Debtor is the largest land owner on Anna Maria Island, which is a barrier island on the southern edge of Tampa Bay. The Debtor owns numerous parcels of real property on the island, including single family home sites and condominium parcels, with an aggregate value estimated to be in the neighborhood of $50 million. The representation is led by Richard C. Prosser and Stephen R. Leslie.

Debtor-in-Possession Financing for Ft. Myers Marina/Real Estate Acquisition Approved - July 1, 2006
Pursuant to Section 364 of the Bankruptcy Code, Bankruptcy Judge Alexander L. Paskay, approved new Debtor-in-Possession financing for Weeks Landing, LLC, one of several affiliated debtors in Chapter 11 cases pending in Ft. Myers. The firm represented the Debtor-in-Possession lender, RCMP Enterprises, LLC. The DIP lender is also conducting due diligence and is the proposed “stalking horse” purchaser for the marina property. The hearings in the case have been handled by Steve Leslie. Mr. Leslie and Harley Riedel have been involved in the negotiations with the Debtors leading to the DIP financing and prospective purchase.

Amy Denton Harris Appointed Chair of the Accounting Circle Board at the University of South Florida - July 1, 2006
Amy Denton Harris will serve as chair of the Accounting Circle Board at the University of South Florida from July 1, 2006 through June 30, 2007. The Accounting Circle is a partnership among the faculty, students, alumni, and friends of the University of South Florida to support the School of Accountancy in: (i) maintaining its rating as one of the top accounting programs in the nation, (a) providing financial assistance to students, and (b) assisting in recruiting.

General Contractor Seeks Relief in Ft. Myers Chapter 11 Case - June 23, 2006
C.E.M. Construction Services, Inc., sought relief under Chapter 11 of the Bankruptcy Code in a Ft. Myers case. The Debtor is a single family home builder in Lee County and Collier County in Southwest Florida. The representation is led by Stephen R. Leslie.

Order Entered by Gainesville Bankruptcy Court Confirming Plan of Reorganization For Deb-Lyn, Inc. - June 9, 2006
Stichter, Riedel represented the Debtor which owned and operated Burger King restaurants at various locations throughout north central Florida. On June 9, 2006, the United States Bankruptcy Code for the Northern District of Florida entered an Order Confirming Plan of Reorganization for Deb-Lyn, Inc. The plan provided for the sale of up to four (4) of the Debtor’s Burger King restaurants and for the payment of claims from funds from the Reorganized Debtors operation of the eight (8) remaining restaurants.

Tampa Bankruptcy Court Enters Order Confirming Consolidated Plan of Reorganization for Owner of Sonic Drive-In Restaurants - June 8, 2006
On June 8, 2006, the United States Bankruptcy Court for the Middle District of Florida, Tampa Division, entered an order confirming a consolidated plan of reorganization for Langford-Leake-Group, Inc., SDI of Auburndale, Inc., and SDI of Winter Haven, Inc. Stichter, Riedel represents the Debtors who owned and operated Sonic Drive-In restaurants in central Florida. The plan provides for the sale of the restaurants as well as a 100% distribution to unsecured creditors. The representation was held by Richard C. Prosser and Amy Denton Harris.

Elena Paras Ketchum Elected Director of The Tampa Bay Bankruptcy Bar Association - June 6, 2006
Elena Paras Ketchum was elected to a two-year term as a director of The Tampa Bay Bankruptcy Bar Association. This represents Stichter Riedel’s continued involvement with the Association, which has included four shareholders having served as president and chairs of the Association.

Elena Paras Ketchum Continues as Co-Chair of the Hillsborough County Bar Association’s Community Service Committee - June 2006
Elena Paras Ketchum will serve as Co-Chair of the Community Service Committee of the Hillsborough County Bar Association, continuing in this position from last year.

Two Stichter Riedel Lawyers Appointed to Executive Positions With the Business Law Section of The Florida Bar - June 2006
At the annual meeting of The Florida Bar, Russell M. Blain was elected Secretary/Treasurer of the Business Law of The Florida Bar. Mr. Blain has served on the Executive Council of the Business Law Section, previously served as chair of the Continuing Legal Education and Bankruptcy committees, and most recently served as chair of the Legislation Committee. In addition, Elena Paras Ketchum was appointed to the Executive Council of the Business Law Section of The Florida Bar.

Stichter, Riedel Files Chapter 11 Cases in Ft. Lauderdale for Wilkinson Hi-Rise and Wilkinson Chutes - May 15, 2006
The firm filed voluntary petitions for relief for Wilkinson Hi-Rise, LLC and Wilkinson Chutes, Inc. under Chapter 11 of the Bankruptcy Code on May 15, 2006. The Debtors manufacture and install sheet metal fabrication products.

Anchor Glass Plan of Reorganization Confirmed; Firm Chosen as Counsel for the Plan Resolution Trustee - April 17, 2006
The Bankruptcy Court entered an order confirming the consensual Plan of Reorganization of Anchor Glass Container Corporation. The firm served as co-counsel for the Official Committee of unsecured creditors in the case. Unsecured creditors received an $8.6 million cash distribution whish was to be deposited in the Alpha Resolution Trust upon the Effective Date of the Plan, and noteholders with deficiency claims of approximately $100 million waived any right to share in the cash distribution. The Confirmation Order also appointed the firm as counsel to the Alpha Resolution Trust, which had the authority under the Plan to resolve all general unsecured claims.

Harley E. Riedel Speaks on Bankruptcy Bar Panel - March 14, 2006
Harley E. Riedel spoke at a seminar discussing changes to the Bankruptcy Code. The panel included Chief Judge Paul M. Glenn of the Bankruptcy Court for the Middle District of Florida, Tampa Division, and Judge David W. Houston of the Bankruptcy Court for the Northern District of Mississippi. Mr. Riedel spoke on chapter 11 issues arising under the new legislation.

Firm Prevails in Appeal of Setoff Order in Lykes Bros. Steamship Case - October 25, 2005
The United States District Court for the Middle District of Florida affirmed a decision of the Bankruptcy Court (Judge Alexander L. Paskay) determining that the United States had no right of setoff following confirmation of a plan of reorganization in the case of Lykes Bros. Steamship Co., Inc. The Bankruptcy Court’s decision was published at 217 B.R. 304 and involved a setoff claim of the United States in the amount of approximately $2.4 million. The firm represented Lykes Bros., the third largest U.S. Flag carrier providing container transportation between the United States and Europe, the Mediterranean, Africa and South America in this appeal, as well as in its successful reorganization efforts. As part of the plan of reorganization, portions of the Company were reorganized as a vessel-leasing company and the other portions of the Company were sold to an affiliate of Canadian Pacific. The Company remained headquartered in Tampa following the sale, and Canadian Pacific announced recently that the successor entity was being re-sold for approximately $2 billion.

Stichter, Riedel successfully represents majority bond holders in bankruptcy auction - October 7, 2005
The firm represented Fidelity Partners, LLC and CAP IV River Bend, LLC in the Wellington-Tampa, LLC case involving a 296 unit apartment complex known as the “River Bend Apartments.” The complex was subject to a first mortgage in favor of SunTrust Bank, as Indenture Trustee, securing approximately $14 million in bonds. During the case, Fidelity acquired a large majority of the bonds and, dissatisfied with the Debtor’s proposals and the conduct of the case, exercised its rights under the indenture trust to cause SunTrust to credit bid a portion of the secured debt to acquire the property. The Debtor vigorously opposed this course of action and sought to suspend the sale procedures, withdraw its sale motion, and dismiss the Chapter 11 case rather than transfer beneficial ownership of the complex to an entity designated by SunTrust. In addition, third parties appeared and entered bids for the property. On October 7, 2006, the Bankruptcy Court entered a detailed 18-page order approving SunTrust’s $12 million credit bid and approving the execution and recording of the deed and other transfer documents. Upon refusal of the Debtor to comply with the Order, the Bankruptcy Court entered an emergency order on October 14, 2006 conveying the property to CAP IV River Bend, LLC pursuant to Bankruptcy Rule 7070.

Edward J. Peterson Admitted to The Florida Bar - September 26, 2005
Edward J. Peterson, who joined the firm in April 2005, was sworn in as a member of the Florida Bar by Chief Bankruptcy Judge Paul M. Glenn on September 26, 2005. Mr. Peterson is also a member of the Alabama Bar. Prior to joining the firm, Mr. Peterson was an associate with the Birmingham, Alabama law firms of Bradley Arant Rose White LLP and Balch & Bingham LLP. He received his law degree from the University of Alabama, with high honors, and his undergraduate degree from Kenyon College.

Stichter, Riedel Selected as Counsel for Official Committee of Unsecured Creditors of Skyway Communications Holding Corp. - September 20, 2005
On September 20, 2006, the firm was selected as counsel for the Official Committee of Unsecured Creditors of Skyway Communications Holding Corp., a publicly traded company. Skyway filed a chapter 11 case on June 14, 2005. Prior to the Petition Date, Skyway was in the business of developing a ground-to-air, in flight aircraft communication network which it expected would facilitate homeland security and in-flight entertainment. Stichter, Riedel, on behalf of the Committee, was successful in obtaining the appointment of a chapter 11 trustee who is in the process of liquidating the remaining assets of Skyway for the benefit of creditors.

Stichter, Riedel prevails in significant homestead exemption litigation - September 7, 2005
On September 7, 2005, the United States Bankruptcy Court for the Southern District of Florida entered an order in the Chapter 7 case of Abraham D. Gosman upholding Mr. Gosman’s right to claim a homestead exemption notwithstanding the Trustee’s contention that the application of Section 522(g) would preclude the exemption claim. Mr. Gosman’s six-acre homestead site was sold to Donald Trump for approximately $41.5 million in early 2005, and the net proceeds have been escrowed. The firm has represented Mr. Gosman since October of 2003.

Stichter, Riedel selected as co-counsel for the Official Committee of Unsecured Creditors of Anchor Glass, Inc. - August 26, 2005
The firm was chosen as co-counsel for the Official Committee of Unsecured Creditors of Anchor Glass, Inc. on August 26, 2005. Anchor Glass is the third largest manufacturer of glass products in the United States with scheduled assets and liabilities in excess of $600 million.

Stichter, Riedel confirms liquidating plan in bankruptcy case filed by the operator of Leverocks restaurants - August 11, 2005
On August 11, 2005, the Bankruptcy Court for the Middle District of Florida, Tampa Division entered an order confirming the plan of reorganization proposed by the Debtor. The firm represented the Debtor which owned seven seafood restaurants operating under the Leverock’s name. During the course of the bankruptcy case, certain assets were sold. The liquidating plan of reorganization confirmed by the Bankruptcy Court provided for the payment of claims from the proceeds of prior sales and the funds to be received by the Reorganized Debtor from liquidation of its remaining assets.

Russ Blain speaks on panels discussing recent bankruptcy legislation - August 2005
Russ Blain served on the faculty and steering committee for the first seminars in Florida on the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (“BAPCPA”) held in Tampa in June 2005 and Miami in August 2005. The program was co-sponsored by the Business Law Section of the Florida Bar and Stetson University College of Law. At the Tampa program, Mr. Blain moderated the panel on business bankruptcy and Chapter 11 issues under BAPCPA.

Stephen R. Leslie awarded “AV” Rating by Martindale-Hubbell - July 2005
Stephen R. Leslie, a shareholder in Stichter, Riedel, received an AV rating from the Martindale-Hubbell Peer Rating Review System. The AV rating is the highest rating available and reflects the highest level of competence and adherence to the highest ethical standards. In addition to Mr. Leslie, eight other lawyers in Stichter, Riedel have received an AV rating. The firm has been rated AV continuously since its formation in 1974.

Stichter, Riedel successful in contested preference litigation - June 1, 2005
In the Chapter 11 case of Battery Park, Inc., f/k/a Moltech Power Systems, Inc., the firm brought a number of actions to recover voidable transfers both through demand letters, negotiation, and litigation. In several actions, creditors had argued that specialty goods manufactured exclusively for the Debtor, but not delivered to the Debtor, constituted new value under §547(c)(4). Agreeing with the Debtor, the Court entered judgment on June 1, 2005 in favor of the Debtor for $280,631.00. In re Moltech Power Systems, Inc., 326 B.R. 179 (Bankr.N.D.Fla.2005). In another case, the Bankruptcy Court granted Debtor’s motion for summary judgment and entered a judgment of $82,474.00 against a creditor that had unsuccessfully argued the defense of ordinary course of business under §547(c)(2). In re Moltech Power Systems, Inc., 326 B.R. 176 (Bankr.N.D.Fla.2005). The creditor appealed the Bankruptcy Court’s order. Prior to the briefing period, the creditor agreed to immediately pay 90% of the judgment amount in settlement of the dispute. The firm filed Chapter 11 petitions for Moltech Power Systems, Inc. n/k/a Battery Park Industries, Inc. and its parent company, Moltech Power Company n/k/a Sion Power Corporation. Battery Park has been a leading designer, researcher, and manufacturer of battery cells.

Russ Blain speaks at International Law Seminar in Germany - June 2005
Russ Blain served on the faculty of the Fifth Annual International Bankruptcy Symposium held in Freiburg, Germany, in June 2005. The faculty comprised lawyers, judges, trustees, and insolvency managers from Germany and the United States. At the symposium, Mr. Blain presented a paper and spoke on the topic of court-to-court communications in insolvency cases, focusing on the Parmalat case as a case study.

Stichter, Riedel represents Outback Steakhouse, Inc. in successful acquisition of designation rights in bankruptcy auction of Chi-Chi’s, Inc. leases - May 2005
The firm represented Outback Steakhouse in an auction in the Bankruptcy Court for the District of Delaware to acquire designation rights to seventy-six restaurant properties which had been formerly operated by Chi-Chi’s as Mexican restaurants. The Delaware Bankruptcy Court entered an order approving Outback Steakhouse’s $42.5 million bid to acquire such designation rights. The firm represented Outback Steakhouse with respect to its efforts to acquire these designation rights. Since the entry of the Bankruptcy Court’s order, the firm has continued to represent Outback Steakhouse with respect to (a) two sub-designation agreements for portions of those properties and (b) litigation involving several disputes with landlords and with the owner of fifteen sale/leaseback properties.

Firm represents Michael Holley in successful acquisition in Big Oaks Buick Pontiac GMC, Inc. bankruptcy case - April 2005
The Bankruptcy Court for the Middle District of Florida, Tampa Division authorized a receiver appointed prior to the filing of the bankruptcy petition to conduct an auction for a GMC dealership. The firm acted as bankruptcy counsel for the successful purchaser of that dealership.

Stichter, Riedel represents Aneco Electrical Construction, Inc. in sale of divisions to M.C. Dean, Inc. - March 22, 2005
The firm has represented Aneco Electrical Construction, Inc. as a debtor in possession in its chapter 11 bankruptcy case. At the time of filing, the Debtor was the largest electrical subcontractor in the State of Florida. During the bankruptcy case, the Debtor filed a motion seeking authorization to sell two divisions consisting of the Debtor’s Tampa and Clearwater operations to M.C. Dean, Inc. pursuant to §363 of the Bankruptcy Code. On March 22, 2005, the United States Bankruptcy Court for the Middle District of Florida, Tampa Division entered an order approving the sale motion. Stichter, Riedel represented the Debtor in the closing of that sale.

Scott A. Stichter recognized by HCBA for Outstanding Pro Bono Services - March 15, 2005
Scott A. Stichter, a shareholder in Stichter, Riedel, was awarded the Hillsborough County Bar Association’s Jimmy Kynes Award on March 15, 2005. The award was created to recognize one Hillsborough County lawyer in each year for outstanding pro bono services over an extended period of time.

Stichter, Riedel represents debtor in sale of 210 bed skilled nursing facility - December 23, 2004
The firm represented The Alliance Foundation for Housing and Health Care, Inc. as debtor in possession. The Debtor owned a 210 bed skilled nursing facility subject to $16 million of secured bond debt. On behalf of the Debtor, the firm filed motions seeking authorization to sell the facility at an auction. On December 23, 2004, the Bankruptcy Court for the Middle District of Florida, Tampa Division entered an order approving the sale a 210 bed skilled nursing facility for $8,400,000. The firm represented the Debtor in the closing of that sale.

Stichter, Riedel confirms plan in Electrical Machinery Enterprise - December 9, 2004
On December 9, 2004, the Bankruptcy Court for the Middle District of Florida, Tampa Division entered an order confirming the plan of reorganization filed by the debtor. The firm represented the Debtor, which was an electrical contractor with extensive operations in the Southeast United States and the Caribbean. The plan, which was confirmed in approximately one and one-half years after the filing of the bankruptcy petition, provided for the merger of the Debtor into a publicly-traded company.

Stichter, Riedel obtains the release of vessel arrested on Thanksgiving eve - November 26, 2004
The firm represented JAM Cruises, Inc. as debtor in possession. The debtor was the owner of a cruise ship that had been arrested by a secured creditor on Thanksgiving eve. Emergency motions were filed and orders freeing the vessel were obtained one day after Thanksgiving.

Stichter, Riedel confirms plan of reorganization filed by former light-heavyweight champion of the world - November 11, 2004
On November 11, 2004, the Bankruptcy Court for the Middle District of Florida, Tampa Division entered an order confirming the plan of reorganization filed by Antonio Tarver. The Debtor was the light-heavyweight champion of the world after having defeated Roy Jones, Jr. eight days after the filing of his bankruptcy petition. The confirmed plan, among other things, resolved disputes with the Debtor’s manager who contended an injunction prior to the bankruptcy filing alleged prevented Tarver from fighting further in bouts and provided that creditors would be paid in full.

Stichter, Riedel confirms joint plan of reorganization in bankruptcy cases for Linc.net and related debtors - November 11, 2004
On November 11, 2004, the Bankruptcy Court for the Southern District of Florida, Miami Division confirmed the plan of reorganization filed by the debtors. The firm represented the Debtors which were seventeen affiliated companies. The Debtors were a “roll-up” of entities providing construction and other services to the communications industry with debt in excess of $300 million.

Stichter, Riedel confirms liquidating plan in Nitram’s bankruptcy case - October 25, 2004
On October 25, 2004, the Bankruptcy Court for the Middle District of Florida, Tampa Division entered an order confirming the plan of reorganization proposed by the Debtor. The firm represented the Debtor which was an owner and operator of a fertilizer plant. The Debtor’s assets were sold to two purchasers pursuant to §363 of the Bankruptcy Code. The liquidating plan provided for distributions to creditors from the sale proceeds.

Don M. Stichter receives initial Douglas P. McClurg Professionalism Award - June 2004
The Tampa Bay Bankruptcy Bar Associated named Don M. Stichter as the initial recipient of the Douglas P. McClurg Professionalism Award. This is the highest award presented by the Association which recognizes a lawyer for his or her outstanding effectiveness in judicial proceedings through professionalism, competence, civility, and courtesy to counsel and parties and highest standards of ethics and efficiency.

Stichter, Riedel confirms plan in Viasource bankruptcy cases - September 2, 2003
On September 2, 2003, the Bankruptcy Court for the Southern District of Florida, Ft. Lauderdale Division entered an order confirming the liquidating plan of reorganization filed by the Debtors. The firm represented the Debtor and twelve affiliated debtors, a “roll-up” of companies providing services to the cable, internet and telecommunications industries. At the time of filing, the Debtors had revenues of $196 million and liabilities of $93 million. During the bankruptcy cases, the businesses were sold as going concerns under §363 of the Bankruptcy Code.

Don M. Stichter recognized as Outstanding Lawyer in Hillsborough County - June 2002
The Hillsborough County Bar Association selected Don M. Stichter to receive the Outstanding Lawyer of the Year award in June of 2002. The Hillsborough County Bar Association’s Outstanding Lawyer Award is established to recognize an experienced attorney who is recognized by the public and legal community for serving as a mentor or assisting others in the practice of law, is recognized as exemplary in the area of professionalism and in the practice of law in his or her field of practice, has performed service to the community on a personal level and has been actively involved in the Hillsborough County Bar Association.