Bray & Gillespie
Soneet R. Kapila was appointed Liquidating Trustee/Creditor Agent post-confirmation in this significant bankruptcy matter involving seventy-nine entities in the real estate and hospitality industry. The Bray & Gillespie entities own multiple pieces of real estate including operating hotels, vacant land, and rental properties located along the coast of Daytona Beach in Volusia County. A significant portion of the real estate is direct oceanfront property. This engagement includes monitoring the financial performance and overall operations of the Debtors, assessing the viability of their business operations for reorganization or liquidation purposes and performing a forensic investigation of the past management conduct of the Debtors and their Principals. During the Chapter 11 proceeding, Kapila represented a major secured lender.