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Bankruptcy

Jul. 1, 2014

Bankrupt firm reaches agreement with largest creditors

The O'Reilly & Collins estate has settled $7.4 million worth of claims with its bank and a former attorney.

By Joshua Sebold
Daily Journal Staff Writer

The O'Reilly & Collins PC estate has settled $7.4 million worth of claims with its two largest creditors, bringing the defunct firm's bankruptcy closer to its conclusion.

Judge Dennis J. Montali approved a settlement agreement last week between the estate, a former O'Reilly & Collins partner and California Bank & Trust. The agreement moves the two creditors to the back of the list of unsecured creditors in the bankruptcy, me...

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