Force 10 was engaged to improve Plan feasibility and aid confirmation after the secured creditor's repeated objections.
Force 10 was engaged just prior to the deadline for filing an amended Plan of Reorganization regarding this commercial real estate property after the secured creditor rejected the original Plan, which the court appeared likely to deny. We quickly analyzed the existing Plan, made market-based recommendations regarding the underlying economics and leasing timelines, and evaluated interest rates and property valuations. Our analyses and recommendations resulted in a reformulated Plan, the secured creditor withdrew its objection, and the revised Plan was confirmed.
