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Bast Amron

Miami Business and Bankruptcy Litigation Law Firm

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Daily Business Review Article- For This Bast Amron Team, Guiding Boca Retail Sale Through Bankruptcy Had Its Challenges

Daily Business Review Article- For This Bast Amron Team, Guiding Boca Retail Sale Through Bankruptcy Had Its Challenges

November 12, 2014 by Maylynn

November 12th, 2014 - Posted in In The News

See below for a summary of the article featured in the Daily Business Review on November 12, 2014:

BAST AMRON was retained as successor counsel to Mimi Talbott (14-20736-EPK) in a hotly contested Bankruptcy and Real Estate conflict with the separate Estate of her late husband Gregory Talbott (13-14656-EPK), a real estate developer in Palm Beach County and his creditors. The dispute primarily centered on the disposition of a valuable shopping center in Boca Raton, and a rapidly expiring option with Fifth Third Bank which provided solely for the Mimi Talbott Estate to acquire the property. The firm rapidly put a successful sale process in place, retained the appropriate broker and was successful in raising $5.0 million, net of the cost of exercising the option from the sale. The firm was able to resolve the myriad legal disputes between the Estates and the creditors that had been ongoing for years, with the effect that the two Estates would be consolidated and the creditors paid from a common source. The firm was also able to liquidate other valuable assets for the consolidated Estates. Through its skill and experience, the firm was able to turn a valuable asset that would otherwise shortly evaporate into millions of dollars of cash so that creditors would have the opportunity to receive a dividend and also to bring years of scorched earth litigation to an end.

See below for a summary of the article featured in the Daily Business Review on November 12, 2014:

BAST AMRON was retained as successor counsel to Mimi Talbott (14-20736-EPK) in a hotly contested Bankruptcy and Real Estate conflict with the separate Estate of her late husband Gregory Talbott (13-14656-EPK), a real estate developer in Palm Beach County and his creditors. The dispute primarily centered on the disposition of a valuable shopping center in Boca Raton, and a rapidly expiring option with Fifth Third Bank which provided solely for the Mimi Talbott Estate to acquire the property. The firm rapidly put a successful sale process in place, retained the appropriate broker and was successful in raising $5.0 million, net of the cost of exercising the option from the sale. The firm was able to resolve the myriad legal disputes between the Estates and the creditors that had been ongoing for years, with the effect that the two Estates would be consolidated and the creditors paid from a common source. The firm was also able to liquidate other valuable assets for the consolidated Estates. Through its skill and experience, the firm was able to turn a valuable asset that would otherwise shortly evaporate into millions of dollars of cash so that creditors would have the opportunity to receive a dividend and also to bring years of scorched earth litigation to an end.

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Maylynn Menoud  | Marketing Director
T: (305) 379-7904 | D: (305) 357-4794
mmenoud@bastamron.com

BAST AMRON is a boutique law firm focused on business insolvency and litigation. Our insolvency practice emphasizes workouts, restructurings, liquidations, bankruptcy, and bankruptcy avoidance. We represent debtors, creditors, committees, trustees, and other fiduciaries in bankruptcies, receiverships, and assignments for the benefit of creditors. Our litigation practice is primarily plaintiff oriented. We know how to investigate, formulate and prosecute claims arising from business disputes. By combining our business insolvency knowledge with our extensive courtroom experience, we successfully guide our clients through all aspects and types of commercial litigation in state and federal courts across the country. Whether the issue is litigation or insolvency or both, we view our clients’ needs through a holistic lens to formulate and implement dynamic solutions to their most important challenges.

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