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Bernstein Burkley
  • Practice Areas
    • Overview
    • Bankruptcy & Restructuring
    • Business and Corporate Transactions
    • Creditors’ Rights
    • Litigation
    • Oil & Gas and Energy
    • Real Estate
    • Real Estate & Commercial Finance
  • Our Attorneys
  • About Us
    • Our Approach
    • History
    • Law Lists
    • Professional Memberships
    • Careers
  • Resources
    • Bernstein’s Dictionary of Bankruptcy Terminology
    • Links
    • Five Minute Legal Master videos
    • Blog
    • Legal Publications
  • News
    • Cases Archive
    • Firm News
    • In the News
    • Industry News
  • Contact
Cases

Ready Mix Concrete Company

Situation: A trade supplier of a ready-mix concrete firm hired Bernstein and Bernstein, P.C. to facilitate collection of a $540,000 unsecured account receivable from the concrete firm.

Action: The law firm was able to negotiate with the concrete firm to issue a judgment note and guarantees by its shareholders. The note and guarantees also provided that the debtor would pay the client’s attorney’s fees and interest in the account.

The debtor filed a Chapter 11 proceeding.

Bernstein and Bernstein, P.C. counseled the supplier in available strategies, enabling the client to leverage its position to obtain additional guarantors and additional security for the entire debt.

Bernstein and Bernstein, P.C. also advised the client in its service on the committee of unsecured creditors.

Complex litigation in trial and appellate courts was successfully prosecuted, eventually leading to the scheduling of a sheriff’s sale of property of the guarantors in several counties, at which time the guarantors obtained refinancing to pay the client’s claim. Over $800,000 was recovered, including the creditor’s attorney’s fees and interest on the debt.

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  • Allegheny Motel Inn, Inc.
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  • Benjamin Coal Company
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  • David Weis Jewelers
  • Debois Investment Group
  • Failure to Satisfy Mortgage
  • Ferrell Prior
  • Glosser Bros., Inc.
  • Guaranty for a Friend
  • Hercules Service Corporation
  • I. D. Craig Service Corp.
  • Insulfoams, Inc.
  • Italian Oven, Inc.
  • K. F. Dairies
  • Large International Electrical Supply Distributor
  • Liberty Electronics
  • Major Supplier of Electronic Components
  • Medical Malpractice Verdict
  • MHF Trucking
  • Pittsburgh Press Club
  • Printing equipment recovery
  • Queen City Distributing
  • Ready Mix Concrete Company
  • Securities Fraud Class Action
  • Security Systems Supplier
  • Shotrock, Inc.
  • Spirit Harley-Davidson, Inc.
  • Star-Tron Technology, Inc.
  • TJX Companies (Ames Dept. Stores)
  • Uniflow Manufacturing Co. (Koldraft)
  • Van Huffel Tube Co.
  • Various Personal Injury Claimants
  • Yobe Electric
  • First Century Corporation
  • Consumer Finance Corporation
  • Hathaway and G & K Bakery (Trustee)
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