SilvermanAcampora LLP, as debtor’s counsel to Mrs. John L. Strong in its pending chapter 11 bankruptcy case, assisted the company in closing on a sale of substantially all of its assets, including its intellectual property, for $975,000 after conducting an auction on September 23, 2009 in the S.D.N.Y. Bankruptcy Court. The opening initial overbid was $525,000. The sale closed on October 22, 2009, with the proceeds anticipated to provide a significant return to general unsecured creditors. Silverman Acampora LLP continues to assist the Debtor in winding down in chapter 11.
Ronald J. Friedman, a Partner at SilvermanAcampora LLP, has been named to the faculty of the 2010 PLI Consumer and Small Business Bankruptcy seminar. On March 3, 2010, Mr Freidman will be speaking on selected post-BAPCPA decisions and other legislative developments. For more information and ticket availability, please visit www.pli.edu/product/seminar_detail.asp
Ronald J. Friedman, a Partner at SilvermanAcampora LLP, has been appointed as post-confirmation Trustee for Mark IV Industried, Inc in its chapte 11 cases pending in the United States Bankruptcy Court of the Southern District of New York. Mark IV Industries, Inc is a leading manufacturer of engineered systems and components for transportation infrastructure, vehicles, and equiptment with world wide operations, 4,200 employees, and $1.4 billion in sales.
On October 10, 2009, Christine Wittneben, Firm Administrator of Silverman Acampora LLP and long-time member of the Long Island Chapter of the Association of Legal Administrators (“ALA”), supported the ALA in its “Community Challenge Weekend” event. Ms. Wittneben joined the ALA team as they sponsored a work-day for Suffolk County’s Habitat for Humanity. Ms. Wittneben and fellow ALA members helped build a home for a family in Bellport and raised almost $3,000 as a contribution to Suffolk’s Habitat for Humanity.
On October 7, 2009, SIlvermanAcampora sponsored a Speed Networking Event with the Long Island Association at which partners Anthony C. Acampora, Gerard R. Luckman and Edward M. Flint were moderators. Also in attendance were Christine Wittneben and Suzanne Chiofolo, two members of SilvermanAcampora’s human resource consulting affiliate, Human Capital Advisors LLC. Over seventy participants were treated to two hours of business to business networking. SilvermanAcampora is a proud supporter of the Long Island Association, Long Island’s largest chamber of commerce. For more information, please visit LongIslandAssociation.org