Bankruptcy

Home / Bankruptcy

The firm represents business owners, secured and unsecured creditors, Chapter 11 debtors in possession, financial institutions, asset-based lenders, bankruptcy trustees, and purchasers of financially distressed businesses. We structure the purchase or sale of assets to or from financially distressed businesses and negotiate informal workouts with creditors.

We have represented, and continue to represent, companies and high net worth individuals as Chapter 11 debtors in possession. The companies range from a hotel in excess of 200 keys, 60 retail location for teen girl’s apparel, a multi-chain bagel cafés, ball bearing company, AVP Pro Beach Volleyball.

Our attorneys provide counsel in insolvency alternatives to bankruptcy, including out-of-court workouts, assignments for the benefit of creditors, receiverships, and liquidations of partnerships and corporations. We deliver cost-effective and significant victories for financial institutions, international accounting firms, management companies, and landlords in all commercial real estate asset classes. Our extensive litigation experience and knowledge of insolvency proceedings enables us to consistently achieve the best outcomes for our clients.

 

CREDITORS’ RIGHTS

Unsecured creditors often face an expensive and difficult battle to recover debts owed by businesses undergoing the Chapter 11 process. Fortunately, the federal bankruptcy codes provide some support by allowing the appointment of unsecured creditor committees. These committees represent the interests of unsecured creditors looking to collect debts from debtors that have filed Chapter 11. Landsberg Law has extensive experience advising creditor committees and equity committees.