BANKRUPTCY AND INSOLVENCY

During insolvency matters, we safeguard companies, minimize liabilities, preserve business value and create opportunities. Clients, who include small, midsize and large companies, benefit from the in-depth experience and specialization of our attorneys and our long-held, professional relationships within the insolvency area.

Ezra|Brutkus|Gubner LLP’s bankruptcy legal counsel includes:

  • Chapter 11
  • Chapter 7
  • Involuntary bankruptcy
  • Pre-bankruptcy counsel
  • Bankruptcy solutions
  • Workouts
  • Assignment for the benefit of creditors

Chapter 11

In reorganization proceedings, our clients include debtors-in-possession, creditors and official committees of unsecured creditors.

Chapter 7

Firm representation includes court-appointed Chapter 7 trustees and matters involving defense of ancillary litigation related to preference and fraudulent conveyance proceedings and actions. Find out more about our trustees in bankruptcy practice.

Involuntary bankruptcy filing

Firm attorneys have significant success aggressively enforcing creditor’s rights and achieving equitable settlement of obligations.

Pre-bankruptcy counsel

Prior to bankruptcy proceedings, we provide clients comprehensive guidance and advice on loan structuring, documentation and workouts.

Bankruptcy solutions

Enforcement of security interests, collections, defense of preference claims and very cost-effective reorganizations are among the various bankruptcy services we provide.

Workouts

We have been successful in avoiding insolvency and liquidation proceedings by negotiating for both the lenders and borrowers in heavily contested matters.

Assignments for the benefit of creditors

The firm represents nationally-recognized assignees in assignments for the benefits of creditors. One recent case involved the liquidation of a national speaker company which was sold for the benefit of its creditors.


BANKRUPTCY AND INSOLVENCY REPRESENTATIVE MATTERS:

  • Represented creditors in one of the largest involuntary bankruptcies which involved Pan Pacific Fisheries.
  • Filed involuntary bankruptcy against national sportswear manufacturer and obtained nearly 100 cents on the dollar for three of its suppliers.
  • While representing the creditors’ committee in a matter involving a high-profile design company that was insolvent, firm attorneys turned the company around. We achieved a substantial distribution to creditors by aggressively pursuing lenders and insiders and creating licensing opportunities.
  • In a case involving an insolvent swimwear manufacturer, we used the assignment for the benefit of creditors to allow a new company come into existence, purchase the assets of the debtor and continue the manufacturer’s operations with no interruption.
  • Represented a receiver in the liquidation of a tool machinery and vehicle equipment company with annual sales exceeding $150 million.
  • On behalf of a Chapter 11 retailing debtor with over 150 stores, we sued a Fortune 400 company and recovered a multimillion dollar judgment.