Defunct Zucker Goldberg, Creditors Reach 2nd Ch. 11 Plan

Law360, Los Angeles (March 14, 2017, 9:02 PM EDT) -- Foreclosure law firm Zucker Goldberg & Ackerman LLC and its unsecured creditors have jointly filed a proposed Chapter 11 reorganization plan in New Jersey bankruptcy court, about 14 months after creditors objected to an initial plan.

Creditors had objected in January 2016 to a previous proposed liquidation plan, saying it appeared to be an ill-conceived attempt by the firm’s current leadership to retain control. The new, jointly administered plan filed Thursday seeks to liquidate all of Zucker Goldberg’s assets and distribute the proceeds to creditors.

“We are very pleased that, after a long and arduous process, we have finally reached agreement...

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