Hollander Sleep Products

The firm represented the committee of unsecured creditors in the chapter 11 bankruptcy of Hollander Sleep Products LLC. The Florida-based supplier of pillows, mattress pads, and other bedding products filed for bankruptcy protection with debts of $233,000,000, citing substantial prices increases for materials. The firm was instrumental in keeping Hollander as a going concern, and negotiated a resolution to a difficult situation that not only provided a recovery to the “out of the money” unsecured creditors, but also included waivers of any preference claims.

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