Tampa    Fort Myers    Pensacola    Destin   

Specializing in insolvency and complex commercial matters since 1974

Chapter 11 Plan Confirmed In Hotly Contested Real Estate Case - September 26, 2014

On September 26, 2014, after considering testimony, argument and a favorable report of an examiner appointed by the U.S. Trustee, the Honorable Michael G. Williamson of the United States Bankruptcy Court for the Middle District of Florida, Tampa Division, entered an order confirming the Chapter 11 plan of Chamax, LLC. Chamax was represented by Stichter, Riedel. The Court ruled in favor of the Debtor at the conclusion of a five-day trial conducted over a period of several months, and it simultaneously approved the sale of the Debtor’s real estate to the Debtor’s principal. The confirmation order concluded nine months of litigation in the Bankruptcy Court, which in turn followed more than seven years of contentious litigation in Florida state courts. In excess of $13 million in claims were filed in the case. Edward J. Peterson, III, headed the firm’s representation of the Debtor.

See article: Bitter feud over Manatee land deal tumbles into Tampa bankruptcy court