Bankruptcy Advice and Counseling
In these challenging economic times, our clients often face concerns about the financial strength and viability of parties they are doing business with—their suppliers, customers, joint venture partners, lenders, borrowers, licensors, licensees, or other contract counterparties. Many of our clients recognize that they are better off considering these issues before a default or a bankruptcy occurs. They are interested in understanding their rights in the event of a counterparty's insolvency or bankruptcy, and maximizing their protections through the structuring and documentation of their transactions. We have been able to help our clients—on a cost-effective basis—to understand their rights and to maximize their protections. We often come up with creative solutions to address bankruptcy and insolvency risks. This sort of "preventive medicine" can add enormous value—helping to avoid significant expense and business disruption.