Pharma Investments, Ventures & Law Weekly
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Heller Ehrman Llp
Heller Ehrman Files for Chapter 11 to Protect Interest of 'All Creditors'
January 18th, 2009
The Dissolution Committee of Heller Ehrman LLP announced that the San Francisco-based law firm has filed a Petition for Reorganization under Chapter 11 of the United States Bankruptcy Code in U.S. District Court for the Northern District of California. The firm had previously announced its intention to dissolve. The Dissolution Committee had hoped to wind down the firm's operations in an orderly fashion without resort to the Bankruptcy Court, and indeed has made great progress in collecting accounts receivable and in negotiating with creditors. The Dissolution Committee decided to seek protection under Chapter 11 due to the refusal by its two bank lenders to agree to...
Source: Pharma Investments, Ventures & Law Weekly (2009-01-18)
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