Heller Files For Ch. 11 After Deal With Banks Fails

Law360, New York (December 29, 2008, 12:00 AM EST) -- Citing problems agreeing to terms with two banks and a dispute with its San Francisco landlord, dissolving law firm Heller Ehrman LLP filed for bankruptcy Sunday but promised to keep collecting on tens of millions of dollars in outstanding receivables.

"It is important to note that the dissolution committee’s decision to file this case was not prompted by the debtor running out of money," committee chairman Peter J. Benvenutti said in a declaration in the U.S. Bankruptcy Court for the Northern District of California.

According to...
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