Roseland Village Moves Forward

Bruce Arkema and Kevin Funk served as debtors’ counsel in the jointly administered bankruptcy cases of Roseland Village, LLC and G.B.S. Holding, Ltd.  The companies were engaged in the development of 1,200 acres in Chesterfield County.  On November 27, the bankruptcy court confirmed the plan of reorganization which resolved the approximately $45 million in debt incurred by the debtors and allows for the development to move forward.  See the article below for current coverage of the development’s progress.

http://www.richmondbizsense.com/2014/02/04/bank-reclaims-a-chunk-of-midlothian/

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