Bankruptcy and Restructuring

Practice Contacts

Bankruptcy and Restructuring

Taft’s Bankruptcy and Restructuring practice is where sophisticated clients turn to accomplish their business strategies when balance sheets are in the red. Our nationally recognized attorneys have decades of interdisciplinary knowledge, experience, and insights to understand the unique challenges clients face and help them navigate all phases of complex bankruptcy and insolvency proceedings.

Our attorneys represent a variety of constituents in bankruptcy, receivership, and other insolvency proceedings nationwide, including debtors, secured creditors, unsecured creditors, creditors’ committees, trustees, banks and lending institutions, post-petition lenders, businesses, boards of directors, trade creditors, lessors, franchisors/franchisees, equity security holders, third party plan proponents, asset purchasers, receivers, and assignees for the benefit of creditors.

We help our clients in virtually every aspect of complex litigation and transactions involving financially distressed businesses, including unsecured creditors’ committee representation, bankruptcies, reorganizations, liquidations, loan and lease restructuring and enforcement, forbearance and composition arrangements, out-of-court workouts, preference and fraudulent conveyance prosecution and defense, surrender arrangements, foreclosures, collections, receivership proceedings, and related litigation and appellate matters.

Full-Service Legal Advice and Resources

We provide practical skills and sophisticated strategies to address the complex and multi-disciplinary issues that arise in connection with in- and out-of-court workouts, reorganizations, restructurings, and liquidations. We can help in the areas of:

Bankruptcy Litigation
With a sound understanding of the Bankruptcy Code, its interpretation by courts around the country, and contested and adversary proceedings under the Federal Rules of Bankruptcy Procedure, our attorneys help clients navigate the most complex bankruptcies from start to finish.
Creditors and Creditors’ Committee
We have extensive experience representing creditor interests in all types of matters, and our attorneys who work with creditors’ committees act decisively in the beginning of a case to preserve rights and avoid giveaways.
Debtors
Our attorneys represent both public and private companies as debtors in possession in Chapter 11 cases, and we take a big picture approach to matters, working closely with accountants and financial advisors to understand the goals of ownership and management.
Distressed Company M&A
Our attorneys advise on the acquisition or sale of distressed companies and assets both in-court and out-of-court and stand ready for our clients with the appropriate resources and strategies to deliver the best outcome in a timely manner.
Distressed Real Property
From commercial office buildings to industrial developments and residential homes, our attorneys resolve distressed issues for all types of real estate.
Troubled Companies
Refinancing and restructuring troubled companies is a unique challenge, and our attorneys have assisted many troubled companies over the years in various industries including manufacturing, technology, agriculture, trucking/transport, services, and pharma.
Workouts and Restructurings
We represent both creditors and debtors in non-bankruptcy workout and restructuring agreements and provide clients with creative, efficient, and effective strategies and solutions that address the challenges of insolvency and financial distress.

Our attorneys have extensive industry experience in automotive, steel, telecommunications, manufacturing, health care, private equity, financial services, insurance, real estate development, construction, oil and gas, airlines, renewable energy, food and beverage, hospitality, and retail and wholesale goods. We frequently lecture at local seminars and at national programs for audiences that include attorneys, commercial lenders, accountants, industry trade groups, and bar associations.