Creditors' Rights in Bankruptcy
Creditors' rights representation in bankruptcy is a key part of Maslon's financial services practice. Our Financial Services Team lawyers have extensive experience representing banks, indenture trustees, asset-based lenders, equipment financiers and other nondebtor constituencies in bankruptcy. In large bankruptcy cases, Maslon lawyers focus their efforts efficiently on the aspects relevant to their client's recovery to be cost effective. In smaller cases, Maslon lawyers often seek deadlines in favor of senior secured creditors that the debtor must meet to continue to receive bankruptcy protection.
Financial Service Team lawyers regularly participate on unsecured creditor committees in large, complex Chapter 11 bankruptcy reorganizations on behalf of indenture trustees throughout the United States.
Maslon lawyers protect the rights of creditors and other parties affected by insolvency in virtually all bankruptcy procedural settings involving a broad array of substantive issues ranging from the permissible scope of first day orders, DIP lending, use of cash collateral, automatic stay, sales of assets, assumption or rejection of executory contracts, contested plan confirmations, preferences, fraudulent conveyances and claims objections. In formulating an appropriate bankruptcy strategy, Maslon lawyers help clients make a practical assessment of relevant economic and legal risks. We also work closely with financial advisors in cases where valuations and business solutions are complex.
- "Top Ten Common Bankruptcy Issues Facing Corporate Counsel," Amy Swedberg, Association of Corporate Counsel, Legal Resources Section, December 2011