Creditors' Rights and Insolvency

In our creditors' rights and insolvency practice, the Firm represents creditors in insolvency proceedings throughout the United States and other jurisdictions. We have a particularly strong reputation representing official and unofficial committees of unsecured creditors, whose members include trade creditors, service creditors, senior bondholders, subordinated bondholders, indenture trustees, undersecured lenders, utility companies, unions, governmental entities and landlords. Our experience also includes the direct representation of individual equity holders, bondholders, indenture trustees, institutional investors, lenders, trade service creditors, landlords and other major creditors in bankruptcy proceedings.

Areas of our expertise include:

• Creditors' committee representation in complex, high-
  profile Chapter 11 reorganization cases involving
  companies with multi-billion dollar annual revenues,
  such as Kmart Corporation, US Airways, Inc., Integrated
  Health Services, Inc., and Ameriserve Food Distribution, Inc.

• In-depth knowledge of the Bankruptcy Code, the Federal
  Rules of Bankruptcy Procedure and local Bankruptcy
  Court rules

• Case administration skills, including general day-to-day
  administration of large Chapter 11 cases

• Negotiation and documentation of the treatment of
  unsecured creditors' claims in Chapter 11 plans
  of reorganization

• A substantial network of relationships with potential
  sources of equity funding, sponsors of plans of
  reorganization, investment banking firms, real estate
  consultants, industry experts and liquidation specialists

By drawing on our understanding of the financial, operational and management issues affecting companies involved in bankruptcy cases, we are able to negotiate effectively on behalf of our clients and assist in the resolution of the complex issues that frequently arise. With our depth of experience in bankruptcy cases of all sizes throughout the United States, including "mega" cases, we are well-positioned to guide a committee of creditors or an individual creditor through the twists and turns of a case in order to maximize that client's recovery.

Back to Top