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Specializing in insolvency and complex commercial matters since 1974

Chapter 11 Trustee To Sell Naples Bay Resort And Satisfy Senior Secured Priming Loan - March 5, 2013

Following an eight day trial and subsequent confirmation hearing in the Basil Street Partners/Naples Bay Resort Chapter 11 case, on March 5, 2013, the Honorable Caryl E. Delano of the United States Bankruptcy Court for the Middle District of Florida, Ft. Myers Division, entered an order providing for the sale by the Chapter 11 trustee of the components of the Naples Bay Resort owned by the Chapter 11 estate, and also providing for the payment in full of the senior secured priming loan facility obtained by Stichter Riedel on behalf of the trustee. The firm’s representation of the trustee was led by Stephen R. Leslie and Daniel Fogarty.