Parr Brown offers a fresh perspective in the area of bankruptcies and workouts. Our general outlook for financially troubled clients, or clients involved with troubled companies, is to create positive solutions through workouts, restructurings or reorganizations to preserve economic and asset value. We have been successful in securing capital financing for troubled entities to allow them to continue their business operations.
Our creditors’ rights practice is national in scope, working with lending institutions, utility and manufacturing companies, information and medical technology companies, and real estate developers.
In all cases, we strive to create value, which often leads to additional opportunities for our clients. We created such an opportunity for a financially troubled client when it restructured over $3 billion in debt to help them weather a sluggish economy. Our client not only survived tough times, but the restructuring left the company in a much better financial condition, allowing it to prosper when the utility sector recovered.
Parr Brown represents secured and unsecured creditors, debtors, bondholders, and creditors’ committees in Chapter 11 bankruptcy cases. Our lawyers also have experience in receivership cases and represent lenders and borrowers in distressed lending and commercial foreclosure matters.
Article: What to Do If Your Customer Files Bankruptcy.