Bankruptcy & Reorganization
The attorneys in our Bankruptcy & Reorganization Practice Group serve debtor business entities and their principal creditors and investors by providing legal services in troubled company, workout, litigation, receivership, bankruptcy and financial restructuring situations.
Our lawyers also represent lenders in secured lending and lease transactions. We work with attorneys from other our departments such as tax, commercial lending, corporate, litigation, labor, and real estate, bringing an interdisciplinary approach to bankruptcy and commercial problems. A number of our attorneys also litigate commercial and bankruptcy matters in state and federal courts. We represent debtors, creditors, committees, trustees, acquirers, examiners, indenture trustees and other parties-in-interest in bankruptcy, other liquidation proceedings, and litigation. We also represent receivers and private parties in judicial or non-judicial debt restructurings, acquisitions, banks, private equity financings and other related matters.
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Chapter 11 Reorganization
We assist businesses in restructuring their financial affairs and operations to regain stability and maximize value for stakeholders. We guide clients through the complex process of creating and implementing a reorganization plan, negotiating with creditors, and addressing various legal issues that arise during Chapter 11 proceedings.
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Creditor Work
We represent commercial and investment banks, vendors, lessors, private equity agent banks, administrative agents for bank groups and other financial institutions in their management of troubled credit, restructuring of lending relationships and lender liability defense in and out of bankruptcy court.
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Commercial Transactions
We advise on all aspects of commercial transactions, the Uniform Commercial Code and secured transactions. Our Commercial Transactions attorneys provide advice with respect to structuring secured transactions, reviewing, and analyzing the property used as collateral in such transactions, and drafting transactional documents. Our attorneys regularly prepare and negotiate legal opinions concerning the effect of bankruptcy on financial transactions and the perfection of security interests. Our attorneys have experience in all types of personal property financing.
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Debtor/Creditor Litigation
We regularly represent clients in appellate and trial matters in federal and state courts. Our firm has vast experience in prosecuting and defending fraudulent transfer and preference actions, and all other litigation arising in debtor/creditor or bankruptcy contexts.
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Out-of-Court Workouts
Understanding the importance of preserving relationships and avoiding the costs and complexities of litigation, our attorneys offer strategic guidance to clients seeking to resolve their financial difficulties outside the courtroom. We assist in facilitating constructive negotiations, structuring debt repayment plans, and finding mutually beneficial solutions for both debtors and creditors.
Practice Group
Practice Insights
The coronavirus pandemic is placing unprecedented stress on small businesses. Consequently, a key provision in the Coronavirus Aid Relief and Economic Security Act (“CARES”) provides small businesses with greater access to bankruptcy reorganization. CARES amended the Small Business Reorganization Act... Read More
On August 23, 2019, the Small Business Reorganization Act of 2019 was signed into law to make it easier for small businesses to successfully emerge from bankruptcy. For qualifying small businesses, the Act will ease the financial burdens of bankruptcy... Read More
Municipal income tax revenue is critical to a city’s budget. In Ohio, the collection of municipal income tax is generally based upon where the employee works rather than where the employee lives. However, with the Covid-19 pandemic, thousands of Ohioans... Read More