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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

Yobe Electric

Representation: Creditors’ Committee and Trustee

Bankruptcy – Western District of Pennsylvania

Situation: Yobe Electric, Inc., was an electrical contracting business in western Pennsylvania and eastern Ohio. When creditors lost faith in the company’s ability to reorganize, they asked the court to appoint Robert S. Bernstein trustee to operate the business.

Action: The creditors and trustee determined Yobe Electric, Inc. should be liquidated, and Bernstein proceeded to liquidate almost $4 million worth of equipment, inventory and real estate. The secured creditors were paid in full from the proceeds, and the trustee’s final account distributed approximately $100,000.00 more to administrative creditors.

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