Taking advantage of the protections offered under Chapter 11 of federal
bankruptcy law frequently presents the most effective means for restructuring
a financially distressed company. Our bankruptcy, insolvency and
creditors’ rights attorneys assist our clients in navigating that
process. In doing so, they rely upon their experience, foresight,
and creativity. Often they combine their experience with other colleagues
within the Firm who practice in complementary areas of the law, such as
corporate law or commercial litigation, to formulate a comprehensive strategy
for a successful financial reorganization.
A successful reorganization requires careful planning. Financially
distressed companies benefit from engaging our attorneys early in the process – well
in advance of the actual filing of the bankruptcy petition. Once
engaged, we advise clients on various matters critical to bankruptcy planning
including, for instance, the viability of “prepackaged” and “prenegotiated” plans
of reorganization.
Once a petition is filed, our bankruptcy, insolvency and creditors’ rights
attorneys help guide clients through the reorganization process from obtaining
cash collateral orders and securing bankruptcy court approval of debtor-in-possession
financing to negotiating and implementing the plan of reorganization. Our
bankruptcy, insolvency and creditors’ rights attorneys have served
as counsel to Chapter 11 debtors in a number of major cases filed in New
Jersey including:
- Representation of the Trump Taj Mahal, Trump Castle and Trump Plaza in their successful reorganization;
- Representation of University Graphics, Inc., a publicly traded company in the business of printing school textbooks, in its successful reorganization;
- Representation of Markson Rosenthal & Co., Inc., a corporation engaged in the business of creating marketing displays associated with launching new products for major corporations, such as Procter & Gamble, L’Oreal, Colgate and Gillette, in the sale of major assets;
- Representation of Allardi, Inc., a corporation engaged in the production and manufacturing of packaging materials, chiefly for the health and beauty aid, cosmetics and perfume industries, as well as miscellaneous consumer goods, in a planned liquidation of assets.
Workouts | Chapter
11 Reorganizations | Representation
of Creditors’ Committees and Creditors
Representation of Trustees
and Receivers | Asset Purchases | Bankruptcy Litigation
