News

• PWK Celebrates A Decade Of Service To The Bankruptcy Community January, 2008 marked the commencement of PWK's tenth year of practice as a firm. PWK continues to focus on creating value for clients through efficient and creative solutions to problems.

• PWK Assists Companies In Declining Real Estate Related Markets - Addressing the abuses that many blame for the current troubles in the real estate and capital markets, the Federal Reserve recently approved new mortgage lending rules to crack down on fraudulent practices. PWK has represented sub-prime institutions, mortgage-backed security holders and real estate developers seeking creative solutions to these market issues.

• PWK Facilitates $42 Million Sale of Santa Barbara Real Estate - In the chapter 11 case of Santa Barbara Beach Holding, LLC, the Los Angeles Bankruptcy Court approved a $42 million sale of long-term ground leases and related permit rights covering several parcels of prime real estate located on lower State Street in Santa Barbara. The parcels have been approved for construction of a 62 unit Ritz-Carlton fractional ownership project together with 20,000 square feet of commerical space. PWK represents the chapter 11 debtor in the case.