Bison Building Supply - Committee for Unsecured Creditors
Miller Canfield represented the committee for unsecured creditors in the bankruptcy case of a building materials chain headquartered in Texas. After we participated in the successful sale of the debtors’ asserts, Miller Canfield began prosecuting avoidance actions. The debtors’ counsel initially estimated that unsecured claimants would receive 45-55 percent of their claims, but because of our successful efforts, by the time the case had closed, the forecast had been revised upward to 72-82 percent. We achieved this result without forcing a single defendant to go to trial, saving resources both for the estate and for the defendants.