Heller Partners Could Collect — If They Avoid Snags

Law360, New York (October 9, 2008, 12:00 AM EDT) -- According to a copy of Heller Ehrman LLP's plan to dissolve, which was leaked online, some two-thirds of the firm's $257 million in total assets have yet to be collected, but if they are collected the firm's equity partners may see some sort of payday associated with the dissolution.

“If you read [the plan] in the most optimistic way, there will be enough money to pay all the debts,” lawyer J. Scott Bovitz of Los Angeles-based bankruptcy firm Bovitz & Spitzer said Monday. “If everybody works...
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