Our Financial Restructuring and Bankruptcy Practice is national in scope, with an emphasis on the Pennsylvania, Delaware, New Jersey, and New York areas. Experienced and skilled, our attorneys are involved in all aspects of creditor-debtor relations.

Diverse Clients

We represent insurance companies, financial institutions, landlords, and other public and private investors in connection with the enforcement of their rights as creditors, both on a secured and unsecured basis. Where conflicts do not exist, our lawyers represent financially distressed companies and individuals and other borrowers in work-outs, Chapter 11 reorganizations and Chapter 7 liquidations, and other consensual restructuring of indebtedness.

Intricate Representations

Our lawyers handle a broad range of matters including voluntary work-outs and restructurings, transfers of assets for debt, sales of assets by secured parties or by debtors, either within bankruptcy proceedings or outside. Our Group also represents other parties who are typically involved in bankruptcies and reorganization proceedings. These parties will include investment bankers, insurers, DIP lenders, liquidators, landlords, guarantors, creditors’ committees, trustees, and potential purchasers of distressed businesses and assets.

Secured Creditors

With respect to the representation of secured creditors, our attorneys are intimately involved in protecting and recovering the assets of secured creditors during reorganization or liquidation proceedings including, but not limited to, providing post-petition financing, obtaining relief from the automatic stay of section 362 of the Bankruptcy Code, foreclosing on real or personal property, enforcing state court rights for sales under the Uniform Commercial Code, perfecting and maintaining security interests in collateral, negotiating and monitoring cash collateral budgets and debtors’ use of cash collateral and all related services which secured creditors may require.

Landlords

Our attorneys represents owners of shopping centers, enclosed malls and other properties in retail bankruptcy cases, commercial lease disputes and workouts and lease enforcement litigation. The bankruptcy representation focuses on protecting landlords' rights and securing the payment of rent and other lease charges in lease assumption/assignment or rejection proceedings or in connection with motions to compel the payment of rent as administrative expenses and for relief from stay.

Third Party Relationships

Our lawyers are also actively engaged in representing third parties who become involved in bankruptcy proceedings. Often, this representation involves defending preference or fraudulent conveyance actions, or other proceedings commenced by debtors-in-possession or trustees against third parties.

Practical Location

Our New York office provides legal services in the rapidly expanding New York bankruptcy arena. In addition, the firm's Delaware office, which is located in the same building as the Delaware Bankruptcy Court, represents various types of creditors and frequently provides services as local counsel for many out-of-state attorneys for cases pending in the Delaware Bankruptcy Court.