Why a Famous Downtown San Francisco Restaurant No Longer Has Chapter 11 on Its Menu

September 30th, 2013

Macdonald Fernandez LLP confirms a chapter 11 plan and reduces trade debt by 80 percent.

The Company:
A famous San Francisco restaurant.

The Problem:
This eating establishment was saddled with major debt and was considering closing its doors after decades of service.

The Solution:
Macdonald Fernandez LLP sued the bank which had instituted a leveraged buyout-type loan for constructive fraud and negotiated a favorable settlement.

We also prevailed against the bank's motion for relief from the automatic stay. As a result of the leverage we were able to bring against the bank, as well as other creditors, we were able to confirm a chapter 11 plan and successfully reorganize the restaurant.

The Impact:
Total business debt was reduced by 80% through bankruptcy litigation.

The Client Testimonial:

Macdonald Fernandez LLP "became our partners in navigating through the intricacies of the process... they were with us for every step. Their expertise is something to lean on and... they worked tirelessly on our behalf to resolve the situation. They are creative and explored all possible angles to find the best solution for us. Anyone in business can appreciate their candor and accessibility. They speak your language not legalese. They are here to help. If your business is in trouble, do not wait until it is too late."
- Owner of Famous San Francisco Restaurant