During the past four decades, Forman Holt attorneys have represented financially troubled businesses in restructuring efforts. Our attorneys represent distressed businesses in a wide variety of circumstances including two party loan workouts, out-of-court restructuring and Chapter 11 reorganization proceedings.
We work with our clients to assess the economic, market and legal issues relating to their financial problems, to identify realistic business goals and solutions, and to devise a strategy for resolving issues with secured parties, taxing authorities and unsecured creditors.
When possible, we will strive to achieve our clients’ objectives by working with creditors to effectuate an out-of-court restructuring. When necessary, our attorneys have the experience and expertise to file a Chapter 11 petition and to litigate with creditors or seek appropriate relief in bankruptcy proceedings including “cram down” plans of reorganization.
In general, successful reorganization efforts do not improve with age. Rather, they become more expensive and taxing as time goes on. Our firm has earned a reputation for moving debtors through the bankruptcy process quickly. This often results in substantial savings on legal, accounting and other administrative expenses for our clients.
Our attorneys are prepared to help your troubled enterprise navigate a course for rehabilitation.
If a restructuring or reorganization is not viable, our attorneys have significant experience in representing entities in various types of liquidations, both in-court and out-of-court. An out-of-court liquidation could be as simple as assisting an entity in a sale of assets and negotiating with creditors to take less than 100% of their debt. An in-court liquidation could include filing a Chapter 7 bankruptcy petition in Bankruptcy Court or representing an entity in a state court Assignment for the Benefit of Creditors action.
Schedule a consultation to discuss your unique circumstances.
- Get the breathing room needed to recover from adverse financial circumstances.
- Find out the options available and get advice from experts on the best course of action.
- Get guidance on how to efficiently and expeditiously navigate the bankruptcy process.
