2008 Asset Holding Gets Judge's OK To Liquidate

By Ryan Davis

Law360, New York (November 16, 2009, 1:21 PM ET) -- A bankruptcy judge has signed off on a Chapter 11 liquidation plan for real estate-related securities investment firm 2008 Asset Holding Corp. that allows the company to pay back only 1 percent to 2 percent of its $112 million in debt.

Judge Arthur J. Gonzalez of the U.S. Bankruptcy Court for the Southern District of New York on Thursday confirmed the company's liquidation plan, which provides nothing for shareholders after allowing for the company to dissolve once it pays back its unsecured creditors.

While shareholders were...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles