The Bankruptcy, Workouts & Creditors’ Rights practice group advises and represents financially distressed businesses of all types and in all industries including manufacturing, retail, distribution, e-commerce and real estate in all aspects of debtors’ and creditors’ rights in bankruptcy reorganization proceedings, out-of-court workouts and restructurings, liquidations and business wind-downs. The attorneys in the department regularly advise borrowers, senior and junior lenders and secured parties, equity interests, tenants and other parties in interest in single asset and multi-asset real estate restructurings and workouts.
The Bankruptcy, Workout & Creditors’ Rights attorneys frequently advise and counsel entrepreneurs, high net worth individuals, and counter-parties doing business with financially distressed entities with respect to sale transactions, asset purchase agreements, contracts and risk minimization strategies. In addition, the department is regularly called upon to advise and consult with attorneys in the firm’s other practice areas including Corporate/Business, Real Estate, Private Wealth & Taxation, Construction, Labor & Employment, Litigation and Trusts & Estates regarding creditors’ rights issues, asset protection and risk minimization.
Scott Steinberg, the head of the Bankruptcy, Workouts and Creditors’ Rights Department has appeared in many of the largest and most complex Chapter 11 reorganization cases throughout the country representing various parties in interest including debtors, secured lenders, buyers of assets, official creditors’ committees, landlords, equity holders and unsecured creditors. In all matters in which the department gives advice, Scott brings his unique ability to be a practical and knowledgeable counselor, adept at bridging competing interests with creative solutions.