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Specializing in insolvency and complex commercial matters since 1974

Firm Files Chapter 11 Petition For Ocala Funding, LLC - July 10, 2012

Firm Files Chapter 11 Petition for Ocala Funding, LLC – July 10, 2012 Ocala Funding, LLC (“Ocala Funding”), a wholly-owned subsidiary of Taylor, Bean & Whitaker Mortgage Corp. (“TBW”), filed for Chapter 11 protection in the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division on July 10, 2012. Ocala Funding has approximately $3 billion in liabilities and $1 billion in assets. Ocala Funding’s demise was contemporaneous with that of TBW. The firm previously served as general bankruptcy counsel for TBW in its successful Chapter 11 case and now represents Ocala Funding, as Debtor-in-Possession.