Howrey Moves To Liquidate After Ch. 11 Conversion

Law360, Wilmington (June 7, 2011, 9:33 PM EDT) -- A California bankruptcy judge cleared Howrey LLP on Monday to convert its involuntary Chapter 7 case into a voluntary Chapter 11, and the defunct law firm quickly began efforts to wind down its operations.

U.S. Bankruptcy Judge Dennis Montali approved the conversion, and the debtors followed with a slew of first day motions, including a request to use the cash collateral of secured lender Citibank NA, which is owed $50 million.

Howrey, which had hoped to wind down its operations out of court, was pulled into...
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