Bankruptcy
Oct. 13, 2009
Heller To Pay Creditors 20 To 60 Cents On the Dollar
The Defunct San Francisco firm expects to be able to pay its bank lenders and certain employee claims in full as it liquidates its assets while unsecured creditors will likely receive less.
Daily Journal Staff Writer
SAN FRANCISCO - Defunct San Francisco law firm Heller Ehrman expects to be able to pay its bank lenders and certain employee claims in full as it liquidates its assets, while unsecured creditors will likely receive between 20 percent and 60 percent of the money the firm owes them.
The news was revealed for the first time late last week when Heller's lawyers filed the liquidation pl...
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