Real Estate Partnerships Represented by Stanley, Mandel & Iola L.L.P. Place Henry S.Miller Commercial LLC into Involuntary Liquidation

DALLAS--(Business Wire)--
On Tuesday, July 7, 2009, three real estate partnerships1 filed a petition to
place Henry S. Miller Commercial LLC ("Miller"), formerly known as Henry S.
Miller Commercial Co., in an involuntary bankruptcy under Chapter 7 of the U.S.
Bankruptcy Code in the United States Bankruptcy Court in Dallas. The petitioning
creditors and related entities are collectively owed more than $9 million by
Miller.

Background of debts:

On October 24, 2008, a Dallas jury awarded damages in excess of $12 million
against Miller and its former agent, Steven Defterios, finding that they had
committed fraud and made negligent misrepresentations to certain partnerships
managed by BNC Real Estate. On December 1, 2008, the 14th District Court of
Dallas County, Texas, entered Final Judgment2 in excess of $8.9 million, plus
post-judgment interest, against Miller and Defterios in favor of seven of the
nine partnerships.

The state court case, Dallas Bayou Bend Ltd., et al. v. Henry S. Miller
Commercial Co., cause no. 06-12902-A, centered around Miller`s representation of
James Flaven, a Connecticut resident, in his failed attempt to purchase eight
apartment complexes and one office building from the BNC entities. Miller`s
agent claimed that Flaven was the scion of a prominent New England real estate
family and that Miller had verified that Flaven was to receive adequate funding
for the deal from a family trust. When the deals fell apart, it was learned that
Mr. Flaven was actually a truck driver with no family money.

The partnerships were represented in the state court trial by Marc R. Stanley
and Roger L. Mandel of Stanley, Mandel & Iola, L.L.P., in Dallas. Howard Marc
Spector of Spector & Johnson PLLC is representing the partnerships in the
involuntary bankruptcy.

"This case is a real tragedy for the partnerships` investors. The savings of
many hard-working people were wiped out by the actions of Miller. Now, Miller is
refusing to pay what it owes and the partnerships must act again to protect
their investors," said Stanley.

1 BNC Lake Jackson Village, L.P., Dallas Clubview Gardens, L.P., and Woodside
Apartments, L.P.

2 Email cgiddens@smi-law.com to obtain a copy of the judgment.

Stanley, Mandel & Iola, L.L.P.
Marc R. Stanley, 214-443-4301
Cell: 469-831-7575

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