Kenrick Young completes a successful merger and acquisition of Pacific Coast Restaurant Group, LLC, a Del Taco franchisee with restaurants in Yuba City and Marysville. After negotiations, the secured creditors consented to the transaction.
The firm assists Trackline America, LLC complete an out-of-court wind down and negotiate a settlement with creditors, including a major creditor in a cross-border insolvency case.
Kenrick Young successfully negotiates an out-of-court workout for a shopping center in Folsom, California. Mr. Young first filed a Chapter 11 to prevent an imminent foreclosure. In the Chapter 11, an agreement was reached to settle and dismiss the Chapter 11 case, which was approved by the bankruptcy court. The settlement are confidential, but a substantial reduction in principal was obtained.
Kenrick Young confirms another Chapter 11 'cramdown' plan and reorganizes a dry cleaning business.
Kenrick Young reorganizes a shopping center in South Natomas by confirming a Chapter 11 "cramdown" plan.