Bankruptcy and Insolvency
Attorneys in this practice
The Reid and Riege Bankruptcy and Insolvency Practice Area has a track record of success in some of the most complex Chapter 11 cases and corporate restructurings in Connecticut and the United States. Our attorneys represent debtors, creditors, committees of creditors, trustees, financial institutions, acquirers of businesses, bond holders and equity security holders in Chapter 11 bankruptcies and out of court restructurings. Our objective in each matter is to use our talent, experience and resources to help our clients develop solutions that create, preserve and distribute value.
The core members of our Practice Area provide legal advice to all types of constituencies in insolvency situations. They have extensive experience in all aspects of bankruptcies and workouts, including extensive litigation in bankruptcy matters.
The nature of the work handled by this Practice Area is varied. It includes:
- Representation of creditors' committees
- Representation of corporate trustees for bondholders in major Chapter 11 cases
- Representation of friendly and hostile acquirers of distressed Chapter 11 businesses through confirmed reorganization plans, secured party sales, note acquisitions and other means
- Representation of asset acquirers through § 363 sales or non-judicial sales
- Representation of debtors in or out of Chapter 11
- Representation of Chapter 11 trustees
- Representation of lenders, secured and unsecured, to troubled borrowers with collateral consisting of real estate, inventory, accounts receivable, equipment or intellectual property
- Representation of partners and partnerships that are undergoing financial restructuring both in and out of Chapter 11
- Advising regarding fiduciary duties and conflict of interest issues in directing and managing troubled companies
In the delivery of these services, our lawyers draw upon our Firm's other Practice Areas such as: Mergers and Acquisitions, Commercial Finance, Litigation, Real Estate, Tax, Employee Benefits and Pension and Environmental Law. Our ability to take such a comprehensive approach is often critical to our client's success.
Attorneys in this Practice Area have appeared in courts throughout the Northeast and in Delaware, Alabama, Illinois, Texas, California and Florida. All of the attorneys in this Practice Area have experience representing both debtors and creditors and are, therefore, well-equipped to conduct negotiations and draft appropriate agreements with a full understanding of the purpose and meaning of each clause, and to present any such agreements to the appropriate bankruptcy court for approval. Similarly, our lawyers along with members of our Litigation Practice Area understand the prosecution and defense of bankruptcy litigation, creditor rights litigation, officer and director liability litigation and lender liability litigation.
We represent creditors in bankruptcy court litigation seeking to reach assets in offshore trusts. We are affiliated with the international law network, TAGLaw, which consists of more than 120 law firms staffed by more than 5000 lawyers in approximately 80 countries. Through this affiliation, we are able to rely upon lawyers known to us personally to provide experience in matters of foreign law.
Our Bankruptcy and Insolvency attorneys assist clients in the following areas: