Capabilities
Bankruptcy and Restructuring

Creditor Practice

Our firm draws on the strengths of its national Bankruptcy and Restructuring and Finance practices to offer clients an integrated team of lawyers who practice in the area of creditors' rights.

We represent individual creditors and creditor groups of all kinds, including agents and bank groups in syndicated credit facilities, secured and unsecured noteholders, creditors' committees, and examiners and other fiduciaries. We work with these clients in matters involving loan workouts, debt restructurings, debtor-in-possession financings, and the enforcement of creditors' rights generally. We have experience in a wide range of industries, including aviation, energy, environmental, entertainment, government contracting, healthcare, hospitality, manufacturing, mass torts, retail, technology, and transportation. We also understand how to approach complex, cross-border insolvencies and the types of issues that creditors face when dealing in foreign jurisdictions.

We represent trade creditors in some of the largest bankruptcy cases, as well as in smaller cases throughout the country. Our lawyers advise clients on reducing or altering trade credit; planning for a customer's bankruptcy; filing and pursuing claims against debtors; potential recoveries from non-debtor parties; rights of reclamation, set-off, and recoupment; and other issues faced by trade creditors. We also represent clients in selling bankruptcy claims, as a way to achieve a quick and certain recovery. We represent unsecured creditors in a wide variety of litigation, including preference and fraudulent conveyance matters.

Experience

PetSmart, Inc. Counsel to Ad Hoc Group of Senior Term Lenders

Representation of the ad hoc group of senior term lenders to PetSmart, Inc., the largest specialty pet retailer in North America, with respect to the proposed spin-off of Chewy.com and related district court litigation.

Cumulus Media, Inc. Counsel to Ad Hoc Group of First Lien Lenders

Representation of the ad hoc group of first lien lenders to Cumulus Media, Inc. that were owed more than $1.6 billion. Cumulus is the owner and operator of the second largest group of radio stations in the United States (446 stations in 90 markets reaching 65 million listeners) as well as radio content provider Westwood One, Inc.

iHeart Media, Inc. Counsel to Ad Hoc Group of Senior Term Lenders

Representation of the ad hoc group of senior term lenders to iHeart Media, Inc. with regard to the restructuring of its nearly $20 billion in indebtedness.

Toys “R” Us, Inc. Counsel to Ad Hoc Group of B-2 and B-3 Term Lenders

Representation of the ad hoc group of Toys “R” Us B-2 and B-3 term lenders with respect to the iconic toy retailer’s Chapter 11 filing in the Eastern District of Virginia.

Zohar III Corp. Counsel to Controlling Class of Noteholders

Representation of the controlling class of noteholders of Zohar III Corp. in the Zohar III Bankruptcy cases and in other litigation.

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