Spherature Investments

In this chapter 11 case, , in the United States Bankruptcy Court, for the Eastern District of Texas, the firm represented the interests of the creditors' committee. The debtors’ business consisted of multitiered marketing of travel packages worldwide. Through the entire case, the firm’s efforts were focused on the sale of the business as a going concern, including the negotiations with multiple interested buyers. In addition, litigation was addressed involvement the debtors’ prepetition secured lender, as well as postpetition financing and cash-collateral use. Ultimately, a plan of liquidation was confirmed by the court that resulted in the sale of the debtors’ assets and the creation of a trust for the benefit of unsecured creditors.

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