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Specializing in insolvency and complex commercial matters since 1974

Taylor, Bean & Whitaker Mortgage Corp. Plan Confirmed - July 13, 2011

After a four-hour hearing, the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division, confirmed the Chapter 11 Plan filed by Taylor, Bean & Whitaker Mortgage Corp. The case was one of the largest cases in the country and the largest case in Florida. The plan included a series of compromises with creditors, including the FDIC, Bank of America, Wells Fargo, and Freddie Mac, and will result in distributions of approximately $300 million to creditors, a result that Bankruptcy Judge Funk termed “amazing” in his ruling confirming the plan. The firm represented the Debtor in Possession, and Russell M. Blain and Edward J. Peterson led the firm’s representation in the case with primary assistance from Amy D. Harris and Daniel R. Fogarty.