LOS ANGELES, CA, March 06, 2012 /24-7PressRelease/ -- Los Angeles Bankruptcy Attorney and Lawyer Robert Kevin Lee successfully opposed a Motion for Relief brought by a secured creditor in a single asset Chapter 11 bankruptcy reorganization case. The successful opposition to the motion meant that the matter could proceed to a hearing on a Disclosure Statement Approval hearing and CA Plan Confirmation hearing. Among the many arguments raised by the creditor, one of the most important ones centered around the feasibility of the plan. The court determined that a plan proposing to reamortize a commercial real estate loan over a 30 year period and extending the current due date would be feasible as proposed by the debtor.
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