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Palm Harbor Homes

The firm served as counsel to the creditors’ committee of Palm Harbor Homes and related affiliates in their chapter 11 bankruptcy case in Delaware. Palm Harbor made factory-built homes and provided related financing and insurance. The company sold substantially all of its assets through the bankruptcy. Through the firm’s efforts, the committee negotiated and helped craft a liquidating plan with a liquidating trust that allows holders of general unsecured claims to recover approximately 16.7 percent and 21 percent of what they are owed.