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  • Chapter 11 Trustee Appointment
 

Chapter 11 Trustee Appointment

Chapter 11 Trustee Appointment

by rltlawfirm / Monday, 21 May 2018 / Published in Case Studies

Disputes between the Board of Directors of the Orange YWCA caused the Bankruptcy Court to appoint Jay L. Lubetkin as Chapter 11 Trustee. Recognizing that the YWCA could not support the costs necessary to remodel its full service educational, Olympic swimming, basketball, weightlifting, and exercise facility while also understanding the significant benefit to the urban community served by the premises, Jay negotiated a sale of the facility to the City in order to simultaneously provide a source of recovery for creditors of the YWCA bankruptcy estate, while ensuring through ownership of the property by the City, continued community benefits associated with access to the property. Over the vigorous objections of a local gadfly, Jay consummated the sale transaction and returned a dividend of in excess of 75% to creditors of the YWCA in a liquidating plan.

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ABOUT US

Rabinowitz, Lubetkin & Tully, LLC is a seven (7) lawyer firm that focuses its practice in the areas of bankruptcy, civil litigation, and commercial real estate. RLT’s attorneys are leaders in their field. Chambers USA, which lists America’s leading lawyers for business, and is a highly-respected legal directory based on in-depth interviews with in-house counsel and private practice attorneys, recently ranked RLT ahead of many larger well-respected firms. RLT was described as "deliver[ing] effective, timely and beneficial services that yielded favorable results." RLT was also noted as "hav[ing] tremendous knowledge and [the ability to] do timely and efficient work."

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