White & Case advises Crown Capital Holdings LLC on approval of chapter 11 exit plan

Global law firm White & Case LLP has advised Crown Capital Holdings LLC on approval of its chapter 11 plan, which was confirmed by the US Bankruptcy Court for the District of New Jersey on October 22, 2025 and closed January 9, 2026.

Crown Capital's chapter 11 plan—which was accepted by nearly all of its creditors—facilitates the sale of four affordable housing complexes in New Orleans, Louisiana to an affiliate of the existing property and asset manager. The transaction will secure significant funding of new capital to recapitalize and rehabilitate the properties.

The White & Case team was led by Financial Restructuring and Insolvency partner Gregory Pesce (Chicago, New York), and included partner Samuel Hershey, and associates Barrett Lingle, Peter Giovine (both in New York), Sam Kava (Miami) and Alonso Aquije (Chicago); Real Estate partners David Pezza and associate Reilly Gaertner (both Chicago); and Tax partner Scott Fryman (New York). Law clerk Lucas Curtis also assisted on this matter.

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