Business Reorganization, Bankruptcy & Recapitalization

Snow Spence Green LLP frequently handles both out-of-court debt restructures and bankruptcy reorganizations. The options available for financially distressed businesses depend on whether liquidation of the company's assets is appropriate or whether the business is viable and has sufficient capital (or can raise sufficient capital) for restructuring the company's debts, either through an out-of-court workout or through bankruptcy. For businesses for which an out-of-court workout is preferable to filing for bankruptcy, there are a number of options available. These include, among others, a sale of all or part of the assets of the business, recapitalization, or restructuring of existing debt. If the decision is made by the debtor (or in the case of an involuntary bankruptcy proceeding, by the debtor's creditors) to file for bankruptcy, a bankruptcy petition is filed under Title 11 of the United States Code (the Bankruptcy Code) commencing either a Chapter 11 or Chapter 7 bankruptcy case.

Our firm has extensive experience in all aspects of Chapter 11 and Chapter 7 bankruptcies (both voluntary and involuntary) and business reorganization. We have successfully and aggressively represented debtors, secured creditors, unsecured creditors committees, trustees, liquidating trusts, and other parties in interest concerning complex negotiations, contested litigation, and various disputes. Because each new case presents its own unique challenges, our attorneys remain flexible and creative in addressing each issue as it arises.