Bankruptcy

An important part of our representation of financial institutions is our practice in the field of creditors’ rights and the representation of secured interests.

Other than representing institutional home mortgage lenders in Chapter 13 proceedings and unrelated pro bono matters, our practice in this area is exclusively commercial.

Although, on occasion we have represented many successful reorganizations of qualified debtors, our practice in this area primarily relates to the protection of the rights and interests of secured parties in the bankruptcy process. We have taken an active role in the representation of creditors’ committees appointed by the bankruptcy court to represent the interest of unsecured creditors as a group in the reorganization process. In this context, we have assisted in the representation of debt-for-equity swaps pursuant to the issuance of new stock under the securities exemptions included in the bankruptcy code.

In addition to the restructuring of financial arrangements, the bankruptcy process frequently affords extraordinary acquisition opportunities for sophisticated clients who are generally familiar with the risks and rewards associated with such endeavors. We have broad experience in the representation of venture capitalists and merchant bankers, both through the reorganization and debt structure of an entity’s financial arrangements and through the sale and purchase of assets and clear of prior liens and encumbrances.