Harney provides objective guidance and oversight to optimize bankruptcy outcomes
Harney Partners has comprehensive experience as a court-appointed Chapter 11 Trustee. While appointing a trustee is an extraordinary remedy, it is a valuable strategy in certain circumstances. In the role of Chapter 11 Trustee, we have proven expertise providing objective leadership and oversight in many bankruptcy proceedings.
Featured Case Study
3443 Zen Garden, LP
Motorola’s 110-acre campus located six miles from downtown Austin and near Austin Bergstrom International Airport was largely abandoned and sat stagnant for more than a decade prior to purchase by Zen Garden, LP. The developer’s goal was to redevelop the property into a 110-acre mixed use campus with offices, hotels, and retail spaces. Unfortunately, legal disputes among its partners and with its senior secured lender led to a cessation of meaningful redevelopment work, a failed receivership proceeding in state court and ultimately an involuntary Chapter 11 filing.