Creditor Representation - Insolvency
We Have the Knowledge You Need...
Our Creditor Representation - Insolvency lawyers understand that issues involving financially distressed businesses can be especially difficult for clients, often leading them into uncharted seas that require specialized legal advice and judgment. We possess the broad range of experience necessary to help you navigate those troubled waters. We have represented secured and unsecured creditors, trustees, real estate and equipment lessors, insurers, creditors' and equity committees, business debtors, boards of directors, post-confirmation entities, and other interested parties in large Chapter 11 bankruptcies. Our Creditor Represenation - Insolvency lawyers have also represented both plaintiffs and defendants in complex, insolvency-related litigation in such areas as lender liability, the Uniform Commercial Code, leasing, director and officer liability, and accounting malpractice. Always striving to develop solutions and strategies sensitive to our clients’ business needs and goals, we have gained notoriety as “can-do” attorneys.
In Both the Boardroom and the Courtroom...
Our Creditor Representation - Insolvency lawyers are both deal-makers and trial attorneys. We possess the ability to negotiate and close highly complex bankruptcy transactions, or to litigate and try cases to conclusion. Working with attorneys in our corporate, real estate and finance areas, we count among our recent bankruptcy transactions -- the sale of the first commercial air carrier to file bankruptcy after 9/11, the sale of a publicly traded data storage software developer, and numerous transactions for Best Buy Company in connection with its frequent bankruptcy acquisitions. But bankruptcy is not always transactional; issues are often decided by the court. Knowing how important those decisions can be, and capitalizing on our firm’s preeminent and nationally-recognized strength in litigation, we pride ourselves on being trial lawyers, not just skilled bankruptcy/insolvency attorneys. Our successes in court have often come at critical stages, such as when confronting a motion to appoint a trustee, defeating confirmation of a plan of reorganization, or obtaining third party releases for interested parties under contested circumstances.
To Deliver Cost-Effective Solutions and Results
Our Creditor Representation - Insolvency lawyers are able to provide a broad range of advisory and crisis management skills. We are accustomed to working closely with our firm’s other departments and with outside bankruptcy professionals as an integrated, multidisciplinary team. From the youngest associate to the most senior partner, our Creditor Representation - Insolvency Litigation lawyers are ready to jump in at a moment’s notice, providing a commitment of time and talent that offers its clients comfort that their matters are being handled by experienced professionals.
Selected Engagements*
- Intrepid USA: Representing sole equity security holder of one of the largest home health care businesses in the U.S. in its Chapter 11 case and the jointly administered Chapter 11 cases of its nearly 60 affiliates.
- Sun Country Airlines: Represented first air carrier to file bankruptcy post 9/11, resulting in sale of airline and its reemergence as a Minneapolis-based, lower-cost carrier.
- Olympic Pipeline Company: Contested confirmation in oil pipeline reorganization on behalf of business interruption insurers holding in excess of $500 million in claims.
- NRG, Inc.: Advised outside directors of Xcel Energy in out-of-court workout and pre-negotiated Chapter 11 of troubled subsidiary involving $10 billion of debt.
- Best Buy Co. Inc.: Assisted retailer in divestiture of distressed subsidiary, Musicland Stores Corp., and as a creditor in Chapter 11 cases such as Montgomery Wards, Bradlees and K-Mart.
- ABC Bus Companies, Inc.: Representation of seller/lessor of highway coaches in bankruptcy cases throughout the U.S.
- Recomm International Display: Counsel to a Pitney Bowes leasing subsidiary in Chapter 11 bankruptcy of a marketer of electronic advertising display equipment and in related multi-district litigation.
- Citi-Equity Group, Inc.: Represented unsecured creditors' committee in Chapter 11 bankruptcy of corporate general partner of low-income real estate partnerships.
- Alliant Computer Systems Corporation: Counsel to indenture trustee of $50 million bond issue in Chapter 11.
- Techworld Associates Limited Partnership: Represented general partner in prepackaged bankruptcy involving $200 million real estate project in Washington, D.C.
- International Broadcasting Corporation and Affiliates: Chapter 11 representation of New York-based financial institutions with claims in excess of $67 million - bankruptcy and litigation cases involving Harlem Globetrotters and Ice Capades.
- Born Information Systems: Advised owner of national IT consulting firm and golf course development company in workout and litigation.
- Tricord Systems, Inc.: Represented developer of clustered server appliances in Chapter 11 case and related litigation.
- Jefferson Bus Lines: Counsel to major secured creditor in Chapter 11 of second largest bus line in U.S.
- Amdura Corporation: Post-confirmation representation of reorganized debtor.
Litigation Practices > Creditor Representation - Insolvency