Real Estate Holding Company Finalizes Reorganization, Liquidation

Richard Bernard represented Merrill Lynch affiliate Lynx Associates, a real estate holding company formed to take advantage of certain tax loopholes, in its chapter 11 case. Although Lynx had not received any offers for its real estate assets, Richard pushed forward a sale program without stalking horses, which was so successful that creditors received payment in full and the remainderman received a distribution.

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