San Diego Magazine Top Lawyer. K. Todd Curry of Curry Advisors has been recognized by San Diego Magazine as one of San Diego’s top lawyers in the field of Bankruptcy Law (non-consumer, business) from 2013 through 2018.
Rescission and damages in $2 million real estate fraud arbitration. Curry Advisors was lead counsel in a real estate fraud arbitration in which the seller of a home misrepresented facts and induced the firm’s client to purchase. The misrepresentations concerned neighborhood noise (including incessant dog barking) and numerous concealed defects in the property. After a six-day arbitration, the firm’s client was awarded rescission and consequential damages, including closing costs, mortgage interest, maintenance and moving expenses, and the discounted present value of the increased mortgage interest expense to be incurred for the client’s replacement residence. The award also included prejudgment interest, and attorneys’ fees and costs. The value of the recovery for the client was nearly $2 million.
Curry Advisors obtains summary judgment for guarantors. The firm’s clients were sued on personal guaranties of a multi-million dollar commercial real estate loan. After the borrower reorganized in Chapter 11 and cured all defaults with respect to the loan, the lender sued the guarantors seeking to collect default interest that the borrower did not have to pay. On cross motions for summary judgment, the referee appointed by the San Diego Superior Court pursuant to a general reference provision in the loan documents denied the lender’s motion for summary judgment and granted summary judgment in favor of the firm’s clients, finding that the absence of any default by the borrower meant no claim existed against the guarantors. The referee’s decision was adopted by the Superior Court. Curry Advisors then obtained an award of attorneys’ fees for the firm’s clients.
Curry Advisors secures default judgment for creditor. The firm’s client loaned money to the debtors, who later filed for bankruptcy. The client engaged the firm to commence bankruptcy litigation to prevent the debtors from discharging their debt. When the debtors repeatedly refused to comply with their discovery obligations, Curry Advisors obtained an order striking the debtors’ answer and entering their default. After a contested default judgment prove-up hearing, the bankruptcy court entered in favor of the firm’s client a non-dischargeable judgment that included substantial pre-judgment interest.
Curry Advisors wins appeal. The firm filed a Chapter 7 bankruptcy case for a client that sought a fresh start after suffering an adverse ruling in an arbitration among business partners. The firm then defended the client in subsequent litigation by the creditor to prevent discharge of the arbitration award. The bankruptcy court granted summary judgment against the client, relying on issue preclusion. On appeal, Curry Advisors convinced the Bankruptcy Appellate Panel for the Ninth Circuit that the bankruptcy court erred in granting summary judgment, and that the client should not be deprived of a day in court and was entitled to a trial. The judgment was vacated. The successful appeal allowed the dispute to be settled to the parties’ satisfaction and enabled the client to obtain a fresh start.
Curry Advisors achieves dismissal of abusive Chapter 7 case. Curry Advisors represented a group of judgment creditors against a high-income debtor who filed Chapter 7. Arguing that the debtor’s income was substantial and his expenses were extravagant, the firm prevailed on a motion to dismiss the debtor’s bankruptcy case as abusive. The firm’s clients are now free to collect on their judgment.
Curry Advisors obtains judgment against contractor. The firm represented a homeowner who was sued by his contractor for alleged failure to pay amounts due under a home improvement contract. Curry Advisors filed a cross-complaint against the contractor for recovery of overcharges and for incomplete work and poor workmanship. On the eve of trial, the contractor agreed to dismiss the complaint and stipulated to a judgment in favor of the client in the full amount of the client’s damages, plus attorneys’ fees.
Curry Advisors prevails on motion to quash service of process. The firm’s client, a Mexican company doing business almost exclusively in Mexico, was sued in the San Diego Superior Court by a Mexican bank based on allegations that the company was the alter ego of various individuals living in the United States. Curry Advisors filed a motion to quash service based on the court’s lack of personal jurisdiction over the client. The court granted the motion and the litigation against the client was dismissed, thereby saving the client the time, expense, and inconvenience of defending litigation in the United States, where the client’s contacts were virtually nonexistent.
Discharge of $40 million in debt. Curry Advisors obtained a Chapter 7 discharge for an individual debtor with more than $40 million of unsecured debts.
Curry Advisors successfully defends lawsuit filed by international franchisor. The firm defended a Chapter 7 debtor in bankruptcy litigation brought by a creditor (a well-known, international real estate brokerage franchisor) seeking a multi-million dollar, non-dischargeable judgment and seeking to deny the debtor a discharge generally. After fours days of trial, the creditor dropped all claims against the client. Then, over the creditor’s vigorous objections, the Bankruptcy Court granted the firm’s client a six-figure award of attorneys’ fees against the creditor.
Successful Chapter 11 Reorganization. Curry Advisors completed a Chapter 11 reorganization for the owner of a shopping center that had been approved for redevelopment. An aggressive real estate speculator purchased the secured note from the bank at a significant discount and sought to gain a substantial windfall by foreclosing on the property. The Chapter 11 case allowed the client time to sell a portion of the property so that the secured creditor’s claim could be paid. The client saved more than $500,000 in “default” interest, which more than offset the cost of the Chapter 11 case despite the secured creditor’s persistent and aggressive litigation tactics designed to prevent confirmation of a plan of reorganization.