Practices

Unsecured Creditors' Committees

Premium Transportation Services

The firm represented the creditors' committee in the chapter 11 case of Premium Transportation, one of Southern California’s largest port trucking companies. At the inception of the case, the debtor indicated that there would be no distribution to unsecured creditors. Through the committee’s investigation of and pursuit of a subordination fight with the debtor’s secured creditors, a plan has been negotiated that is likely to pay trade claims in full and a recovery for other unsecured creditors who were to receive nothing under the debtor’s initial plan.