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Representative Work: The Columbian Publishing Company

The major secured creditor of The Columbian daily newspaper in Vancouver, Washington, called upon us to represent it in a Chapter 11 bankruptcy case filed in the Western District of Washington.  We successfully negotiated the bank's treatment under a plan of reorganization that resulted in The Columbian surrendering its recently-built, state-of-the-art headquarters building to the bank in exchange for relief from a substantial portion of its unsecured debt.  This resulted in improved cash flow to the debtor, allowed the bank to liquidate a non-performing asset, and assured the bank of consistent future payments on its remaining secured debt.

Attorneys associated with this case

Thomas W. Stilley

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