Duane Morris Bankruptcy Law Firm Philadelphia
- Published date: December 13, 2020
- Philadelphia, Pennsylvania, United States 19103 [ #387 Ad Views - 14 ]
Duane Morris' Bankruptcy attorneys focus primarily on complex commercial chapter 11 cases. Clients from all businesses turn to the firm for bankruptcy advice, drawing on expertise gained through the company's involvement in several of the most significant bankruptcy cases of the past three decades, by Penn Central into Braniff, Adelphia, and Enron.
Business publication the Deal consistently ranks Duane Morris as one of the USA's most active bankruptcy practices. This expertise translates into the ability, by the outset of an engagement, to know which questions to ask, which facts subject, and the best way to efficiently distill facts into a strategy to protect our customers' rights.
Essential Points while Filing Bankruptcy in Philadelphia
Several of our bankruptcy attorneys have either founded or are the Present or past leaders of associations all over the country dedicated to the development of the law and the energy of local bar associations, and they practice before the United States Bankruptcy Courts. Many of our former spouses have secured appointments to the federal judiciary, including three as The United States Bankruptcy Court judges, and yet another as a circuit court judge for the United States Court of Appeals.
Debtors' and Trustees' Counsel
As counselors to debtors-in-possession and trustees, our lawyers Handle all facets of commercial bankruptcy cases, from the pre-petition planning to the initial flurry of first-day filings, the arrangement of debtor-in-possession and depart financing, asset sales, and, finally, the development and consummation of a plan of reorganization.
Our customers typically continue their daily operations while they reorganize. Therefore, our lawyers are adept at managing everyday dealings with lenders, trade creditors, lessors, utility businesses, workers, the U.S. Trustee, and creditors' and equity committees. To further ensure the companies' continued smooth operation, customers frequently call upon attorneys from Duane Morris' corporate, property, taxation, insurance, intellectual property, ERISA, and ecological practice groups.
Creditors' and Equity Holders' Counsel
Claimants and interest holders of all types, such as official Committees of unsecured creditors or equity holders, lenders, private investment companies, lessors, licensors, and other individual lenders or equity holders, trust the company to advance their interests. Throughout the bankruptcy process, clients receive a constant flow of information, providing them the knowledge required to make decisions. Indeed, Duane Morris lawyers established the much-imitated"weekly financing team report" in an early case, giving all participants in the category, whatever the size of their positions, complete details regarding the situation's status and developments.
Whether representing debtors or creditors, our lawyers are proficient At effectively negotiating, documenting, and obtaining court approval of these Financing agreements essential to keep up the debtor's operations during a Chapter 11 case or to consummate a plan of reorganization and exit chapter 11.
Section 363 Asset Revenue
Investment companies and other working businesses often seek To acquire the assets of a bankrupt company. The firm regularly advises customers interested in buying or buying desperate and insolvent companies on the risks and potential benefits involved. In addition to assisting with due diligence, negotiations, and transaction documentation preparation, we advise these customers throughout the bankruptcy court bidding and sale process.
Plans of Reorganization
Duane Morris lawyers have extensive expertise in formulating Restructuring or liquidation plans through discussion, related trade confirmation, and, if necessary, litigation. Additionally, our lawyers have developed the particularized abilities required to successfully confirm"pre-packaged" or fast-track" plans through time. In reality, in 1986, Duane Morris lawyers attained one of the first chapter 11 expedited plan confirmations for a publicly held company, taking National Enforcement Usage Corporation through chapter 11 in Columbia, South Carolina, in 45 days from petition filing through plan consummation, even though creditors and shareholders had not accepted the program at the time the request was filed.
Because the restructuring process is inherently contentious, With diverse constituencies competing over limited assets or distributions, customers benefit from the company's substantial litigation experience before the United States Bankruptcy Courts. Whether prosecuting or defending claims, we advise each client on the risks and chances of success with each course of action and then team with each client to ascertain the best lawsuit strategy.
Cross-Border and Double 15 Cases
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 added a new chapter (chapter 15) into the United States Bankruptcy Code Especially dealing with cross-border insolvency cases. Chapter 15 Integrates UNCITRAL's Model Law on Cross-Border Insolvency and is intended to Address instances where an insolvent debtor has assets or lenders in over One country. Our attorneys currently represent several parties-in-interest concerning ancillary or cross-border cases filed under chapter 15 of the Bankruptcy Code.
Duane Morris Bankruptcy Law Firm
Address - 30 South 17th Street Philadelphia, PA 19103
Contact - 215-979-1000
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