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Woodforest Square LLC

The firm acts as chapter 11 bankruptcy counsel for Woodforest Square, LLC (“Woodforest”), the owner of a shopping center located in Houston, Texas comprising 44,399 square feet of gross leasable area. Woodforest is owned by an entity controlled by chapter 7 debtor Roger W. Meyer, in a related case before the U. S. Bankruptcy Court for the Central District of California. The firm represents the chapter 7 trustee for the estate of Roger W. Meyer and the Woodforest Square shopping center is one of several real estate developments being administered by thetTrustee on behalf of the Meyer estate. The Woodforest case was filed to stay foreclosure proceedings initiated against it by its secured lender. Through the chapter 11 proceedings, Woodforest was able to reach a settlement with its secured lender and sell the shopping center for a price exceeding the secured debt by approximately $2 million. These funds will enable Woodforest to pay all claims against it in full and to distribute excess funds to the Meyer estate to pay creditors in the chapter 7 bankruptcy case. In May 2015, a plan was confirmed that will pay all creditors in full and distribute significant funds to equity.