Bankruptcy and Financial Restructuring
The strength of Porzio, Bromberg & Newman’s Bankruptcy and Financial Restructuring practice lies in our diverse background and ability to handle a broad variety of types and sizes of representations. Whether restructuring companies in financial distress, representing creditors committees in Chapter 11 proceedings, assisting clients in multi-national insolvency-related litigation, or helping stakeholders to understand their legal rights in bankruptcy, our breadth of experience allows us to meet each client's needs. Our bankruptcy attorneys are licensed in New Jersey, New York, and Delaware, and are frequent authors and lecturers on various bankruptcy and insolvency-related topics.
Corporate Debtors
We assist troubled corporations with financial restructuring options and opportunities, working together with financial advisors, chief restructuring officers, investment bankers, and others, where appropriate. Our corporate restructuring services span all industries, with a recent focus on Life Sciences, Health Care, Transportation and Logistics, and Hospitality. Our practice includes taking public companies private, issuances of new securities pursuant to a bankruptcy plan, and all levels of corporate restructuring.
Creditors Committees
We assist official and ad hoc committees of creditors in both in-court and out-of-court restructurings in a wide variety of industries including technology, retail, life sciences, healthcare, hospitality, media, and more.
Estate Fiduciaries and Insolvency-Related Litigants
Our attorneys frequently represent estates, including as special litigation counsel, in order to recover assets in various types of insolvency-related litigations, such as fraudulent transfer, fiduciary duty, and preference actions. We also defend parties who are targets in such actions by bankruptcy trustees, plan administrators, and others
International Liquidators
We have a significant practice representing foreign liquidators pursuing claims against US-based debtors, particularly in litigation arising in such situations.
Other Parties-In-Interest
We assist landlords, tenants, lenders, asset purchasers, equipment lessors/financing companies, and other parties in interest where their paths cross with a counterparty in financial distress or bankruptcy.
