Defunct law firm Heller Ehrman has filed for Chapter 11 bankruptcy protection. In a statement, former Heller partner Peter Benvenutti said the firm filed not because it has run out of money, but because its main two lenders -- Bank of America and Citibank -- refused to renegotiate the terms of a $5.7 million debt the banks say the firm owes as part of a long-term loan.
Heller Ehrman Files for Bankruptcy
The American Lawyer
December 29, 2008