Legacy Cares

Representation of the creditors’ committee in the chapter 11 cases of Legacy Cares, a nonprofit corporation that owned the Legacy Park facility in Arizona, a 320-acre sports/entertainment complex. With the firm’s assistance, the committee participated in key matters including the successful sale of substantially all of the debtor’s assets. The committee, together with the debtors and the prepetition bonds indenture trustee, proposed a liquidating plan with a trust for the benefit of the committee’s unsecured creditor constituency (to monetize and liquidate the estate’s remaining assets, primarily causes of action). The plan proposed by the committee was confirmed and went effective.