Schafer and Weiner Confirms Residential Builder’s Chapter 11 Case
July, 2021
Builder cases are tough because angry homeowners assert claims under the Michigan Builder's Trust Fund Act. Michael Baum, Kim Hillary, and John Stockdale, Jr. attacked the various aspects of this reorganization to successfully confirm a consensual Subchapter V plan of reorganization. Under Michael’s supervision, John prepared the confirmed plan and litigated the claims while Kim earned her nickname “KimPossible” for successfully negotiating with homeowners, resolving nineteen (19) plan objections and related litigation. The residential builder is back to business on solid footings with stronger cash flow and an improved balance sheet.