Grand Park Law Group is representing Stearns Holdings, LLC, the parent company of Stearns Lending, LLC, in its comprehensive financial restructuring plan. To implement the restructuring, Stearns and certain of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. As part of the plan, Stearns Holdings’ majority equity holder, funds affiliated with Blackstone, will serve as plan sponsor and contribute substantial new capital to Stearns Holdings in return for acquiring substantially all of the ownership of the company.