Schafer and Weiner Confirms Small Arms Manufacturer's Chapter 11 in 3 Months
November, 2024
John Stockdale, Jr. and Brandi Blasses quickly confirmed a Chapter 11 Case for a small arms manufacturer which produced handguns and replacement parts. The business overexpanded during the Coronavirus Pandemic and sought to reorganize and right-size its business. John and Brandi negotiated with the various secured creditors, which included SBA-backed lenders and equipment lenders, towards reaching an agreeable plan treatment. The entire case took approximately three months and resulted in a consensual confirmation without the need for a court hearing on plan confirmation.