Bankruptcy & Insolvency
Spearheaded by Joseph Bodoff’s 32 years of experience in business bankruptcy and out-of-court workouts and liquidations, the firm has the knowledge and experience to deal with any problem that may arise whenever the solvency of a party is in question.
Members of the firm have participated in the financial restructuring of businesses throughout the country in a wide variety of industries, including manufacturing, retail, wholesale, technology, finance, utilities, health care, real estate and agriculture.
The services that the firm offers include the following:
Bankruptcy Court
- Representation of business debtors in Chapter 11 reorganizations and liquidations.
- Representation of Chapter 7 and Chapter 11 trustees.
- Representation of creditors’ committees in Chapter 11 cases.
- Filing and prosecuting involuntary bankruptcy petitions on behalf of creditors.
- Prosecuting and defending preference and fraudulent transfer actions.
- Representation of landlords, equipment lessors and secured creditors in protecting their property rights.
- Representing purchasers of assets from a bankruptcy estate.
- Assertion of and prosecution of reclamation and administrative claims on behalf of trade creditors.
Out of Court
- Negotiating and structuring out-of-court workouts and liquidations for both debtors and creditors.
- Evaluation and structuring of transactions with financially troubled businesses in advance of a potential bankruptcy filing, including mergers and asset acquisitions.
- Advising officers, directors and shareholders of a financially troubled business as to various courses of action in conjunction with a financial restructuring.
- Advising creditors as to their rights when dealing with a company that is headed into bankruptcy.
- Advising creditors on the feasibility of pursuing an out-of-court workout versus the litigation or bankruptcy alternative.