December 2014 News
On December 18, 2014 Partner Charles M. Ivey, III and Associate Justin Kay were successful in getting a Plan of Reorganization confirmed in an individual Chapter 11 case. The individual held an ownership interest in assets worth $44,600,000 as of the filing of the bankruptcy case, as listed on the petition. Due to a few failed ventures, in addition to some mounting tax debts, the individual filed for relief under Chapter 11 of the Bankruptcy Code. Almost two years later, and after filing a total of six separate Plans of Reorganization, the firm of Ivey, McClellan, Gatton & Talcott, LLP were successful in getting every creditor of the Debtor to agree to the Plan treatment as proposed. To paraphrase from a comment of another individual within the Bankruptcy bar, the work on this case was of such superior quality that it compares favorably with any successful Chapter 11 in this district in the last five years. Congratulations for all the hard work performed on this case, and the successful result obtained.