E+B represented a secured creditor in connection with a debtor’s Chapter 13 bankruptcy that was dismissed, which was a favorable result for our client. Thereafter, the same debtor filed a bankruptcy petition under Chapter 11. The bankruptcy court dismissed the case with prejudice after E+B presented evidence that bankruptcy was not appropriate for the debtor.
In addition, the bankruptcy court entered an order for in rem relief as to 10 real properties, finding that the debtor’s bankruptcy petition was part of a scheme to delay, hinder, and defraud our client.