Warshaw Burstein LLP | <span >Represented a New York bank in connection with $1.8 million indebtedness of retail chain that closed its business and removed its inventory to an undisclosed warehouse without prior notice to the bank; included obtaining a preliminary injunction freezing the collateral and the defendant’s assets and defending the bank’s security interest in the debtor’s assets (including contract receivables) after the filing of involuntary bankruptcy petitions, all of which resulted in a favorable settlement, including payment to our client of an amount exceeding the principal balance on the loan</span >
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Represented a New York bank in connection with $1.8 million indebtedness of retail chain that closed its business and removed its inventory to an undisclosed warehouse without prior notice to the bank; included obtaining a preliminary injunction freezing the collateral and the defendant’s assets and defending the bank’s security interest in the debtor’s assets (including contract receivables) after the filing of involuntary bankruptcy petitions, all of which resulted in a favorable settlement, including payment to our client of an amount exceeding the principal balance on the loan