Leech Tishman Business Restructuring & Insolvency Group Confirms Reorganization Plan on Behalf of New York Commercial Real Estate Client, Saving $6.5M in Transfer Taxes

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Fred Ringel and Lori Schwartz of Leech Tishman’s Business Restructuring & Insolvency Group recently confirmed a reorganization plan in the Bankruptcy Court for the Eastern District of New York on behalf of a commercial real estate client in just 11 days, saving the client $6.5M in transfer taxes on a $160M contract. This plan was recently covered by PincusCo in an article, “Contract Bankruptcy Saves $6.5M in Taxes on Allure’s $160M purchase of Leser Property.”

Read the article here. The confirmation brief from this case can be viewed here.