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ASK LLP successfully resolves one of the largest real estate bankruptcies in Alabama

ASK LLP was retained by Park Lane I LLC, a large real property owner in Alabama, to assist it with its debt burden. Park Lane filed for bankruptcy in the Southern District of New York listing $70 million in assets and $110 million in debt, making it one of the largest real estate bankruptcies in the state of Alabama. After successfully resolving all outstanding issues with the secured creditor, the court granted the debtor’s request to dismiss the case.

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