Commercial bankruptcy cases are often very complex and creditors need highly experienced counsel in these matters to ensure the health of their balance sheet. The bankruptcy and creditors rights attorneys at Wick Phillips have represented a variety of clients in bankruptcy proceedings and pre-bankruptcy workouts, including:
- Debtors
- Trustees
- Unsecured creditors committees
- Bank groups
- Secured and unsecured creditors
- Lessors
- Individual financial institutions
- Indenture trustees
- Claims sellers and purchasers
- Purchasers of assets
Although the focus of our practice is on commercial bankruptcy, our attorneys have also represented creditors in significant bankruptcy cases involving individuals. Our deep knowledge of and experience in the bankruptcy process allows us to provide clients with sound strategic advice and options and a good understanding of the tradeoffs of each option.
Bankruptcy and Creditors Rights Practice Experience
We are adept at all phases of the restructuring and reorganization process, from pre-bankruptcy filing advice and strategy through the post-confirmation period, and our experience encompasses the following:
- Restructures and forbearance agreements
- Loan workouts
- Debtor-in-possession financing
- Cash collateral and adequate protection disputes
- Automatic stay litigation
- Contested asset sales
- Claims purchases and sales
- Contested plan confirmation proceedings
- Claims objections
- Avoidance actions
- Post-confirmation litigation
We also have experience in representing clients in transactional matters arising in financially distressed situations, including the acquisition of distressed assets and the negotiation of business solutions to avoid bankruptcy.
Industry Experience
Our attorneys have handled bankruptcy matters involving companies in many industries, including agriculture, chemical, construction, energy, entertainment, financial services, healthcare, insurance, manufacturing, media, mining, oil and gas, petrochemical, power plant, real estate, religious/charitable, retail, services, technology, and transportation.
Conflicts Counsel
Large bankruptcy proceedings often generate conflicts that are difficult to foresee at the outset of the case. Our bankruptcy attorneys can assist other firms in managing such conflicts by handling certain aspects of the bankruptcy case that create the conflicts for those firms.
