MIAMI — Four years after Fort Lauderdale law firm Ruden McClosky filed for bankruptcy, creditors are finally getting paid — but not much.
The secured lender, Wells Fargo & Co., which provided Ruden with a line of credit, received its full claim of $4.8 million. Unsecured creditors including U.S. Bank, Lloyd’s of London and the law firm’s West Palm Beach landlord, will get about 10.5 cents on the dollar. A total of $798,000 will be paid to creditors on claims of close to $7.6 million.
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