We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Heller Files For Ch. 11 After Deal With Banks Fails

Law360 (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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.