We regularly represent businesses with financial difficulties in bankruptcy court when the need arises. While we always initially consider restructuring a distressed company's affairs out of court by attempting to negotiate with lenders, trade creditors and the like, there are occasions when filing a petition for relief under the Bankruptcy Code becomes necessary — whether it is to prevent immediate harm to the company, as the only reasonable method of reorganizing its affairs, or as the best means of enabling the company to liquidate its assets in an organized fashion.
Palm Beach Business Bankruptcy Lawyers
The combination of our knowledge of substantive bankruptcy law, our creativity in using various sections of the Bankruptcy Code, our business acumen, and our practical and extensive experience in this area enables us to successfully represent debtors from the commencement of a Chapter 11 case through the process of obtaining court approval of a plan of reorganization and the consummation of such plans. While we regularly attempt to gain the consent of creditors who participate in Chapter 11 cases, we will not hesitate to litigate if we are required to, and we are confident in our ability to succeed.
Our attorneys are comfortable in bankruptcy court, both with respect to the law itself and with the procedures utilized by bankruptcy court judges. We have participated for decades — on behalf of both debtors and creditors — in all stages of the reorganization process. We understand what is necessary for cases to be commenced properly so that operations remain stable, how to properly utilize funds that may be subject to liens, the treatment of leases, the sale of assets out of the ordinary course of business, how to protect debtors-in-possession from competitors, the requirements of disclosure statements and the nuances of the requirements necessary to confirm of plans of reorganization, with or without the consent of creditors. We have experience in different kinds of Chapter 11 cases, from "prepackaged" cases where the restructuring is essentially accomplished beforehand, but court approval is required, to cases in which parties agree to disagree to cases in which a number of factions fight bitterly through the entire proceeding. We have encountered most of the issues that arise during the course of a Chapter 11 case, up to confirmation and consummation of plans of reoranization or liquidating plans.
We also understand, and will always be candid with owners of troubled companies in this regard, when liquidation under Chapter 7 of the Bankruptcy Code is the only reasonable solution. Our experience assisting companies in planning for and effectuating an organized liquidation, and in assisting management with the pre-bankruptcy winding down of affairs, provides clients with protection from claims of creditors that may otherwise extend to individuals, a structure that would not otherwise be employed, and the comfort of knowing that their affairs will be resolved efficiently and without unnecessary difficulties or litigation.
Contact the Palm Beach Business Bankruptcy Attorneys of Rosen & Winig, P.A.
For efficient and effective solutions to even the most complex legal challenges, turn to Rosen & Winig, P.A. Our lawyers offer exceptional representation to businesses and individuals. Call 561-459-2613, toll free at 877-268-2933 or simply contact us online to schedule an initial consultation.
