As a result of the sale, all creditors in the case will receive substantial dividends. Although there was a significant risk of property foreclosure, Ehrenberg and Horoupian worked with all of the parties in the case and created the proper environment for the property to be sold at a bankruptcy court auction, at which there was spirited bidding, resulting in the sale price being increased by $750,000. Read more.
Mark Horoupian represented Howard Ehrenberg as the Chapter 11 trustee of the historic Star News Building in Pasadena.
