Recovery of Fraudulent/Preferential Transfers

Creditor Representation

Issue: Recovery of Fraudulent/Preferential Transfers

In re: 44 Lowell Junction Road Realty Trust, Chapter 11, Case No. 95-43122-HJB, U.S. Bankruptcy Court, Boston, Massachusetts

Counsel: Denzil D. McKenzie

We successfully represented a secured creditor with the fourth place lien of $2.2 million secured by the only asset of the estate. We successfully challenged the second-place lien holder’s claim as being the result of a fraudulent transfer, and the third-place lien holder’s claim as valueless. We were able to recover a significant settlement for our client, which was significantly greater than the Debtor’s proposal to pay pennies on the dollar.