Bankruptcy and Creditors’ Rights

Overview

The bankruptcy and creditors rights attorneys at Wick Phillips have represented a variety of clients in bankruptcy proceedings and pre-bankruptcy workouts, including, among others, debtors, trustees, unsecured creditors committees, bank groups, secured and unsecured creditors, lessors, individual financial institutions, indenture trustees, claims sellers and purchasers, and 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.