LeFever Mattson is a Northern California real estate investment partnership founded in 1990 by childhood friends Timothy LeFever and Kenneth Mattson that managed a portfolio of 200+ commercial, residential, office, mixed-use, and land properties in Sonoma, Sacramento, and Solano Counties valued at approximately $400 million and financed by 434 investor families. The partnership filed for Chapter 11 bankruptcy protection on September 12, 2024 in the U.S. Bankruptcy Court for the Northern District of California (Case No. 24-10545) with 57 affiliated debtors (58 total entities) after Kenneth Mattson's alleged "years-long campaign of self-serving transactions" generating over $45 million through undisclosed equity sales was exposed—leading to FBI arrest on May 23, 2024, and federal grand jury indictment on nine counts including wire fraud, money laundering, and document destruction, with prosecutors characterizing the scheme as a "classic Ponzi scheme." At filing, the company carried approximately $75 million in Socotra Capital secured debt and additional secured debt from approximately 29 lenders. The debtors obtained approximately $10 million in DIP financing (two facilities: $6 million at 16% PIK + $4 million at 16% PIK) and conducted a structured property-by-property liquidation, with six Socotra collateral properties in Sonoma County approved for sale in October 2025. The Third Amended Plan of Liquidation filed December 11, 2025 establishes a Plan Recovery Trust with complex treatment of investor claims (netting against distributions made 2017-2024) and intercompany claims under substantive consolidation. Disclosure statement approval was entered December 10, 2025, and a confirmation status conference was scheduled for January 23, 2026.