JDJ Reno Skirts Bankruptcy With AmFin Deal

Law360, New York (December 17, 2010, 5:29 PM EST) -- A bankruptcy judge has approved a settlement between AmFin Financial Corp. and JDJ Reno LLC, its partner in several multimillion-dollar shopping mall ventures, allowing JDJR and an affiliate to avoid bankruptcy filings of their own.

AmFin’s unsecured creditors committee had objected to the settlement but relented when the cash consideration paid to the company was upped by $50,000 to $550,000, according to an order filed Friday in the U.S. Bankruptcy Court for the Northern District of Ohio.

Prior to its Chapter 11 filing, AmFin held 50...
To view the full article, register now.