Debtor Rights

We recognize that every client has its unique problems and concerns, and we pride ourselves on our ability to work directly with management to consider each client’s circumstances and devise a creative solution suited to that client’s needs. It is our personal approach to each client, regardless of size, that keeps them working with Clark Hill, even after the turnaround. There may be a generationally owned family business at risk or thousands of jobs. Every decision we make in the turnaround process is made knowing the impact it can have on every party in the process. With this approach, our group recognizes the advantages of out-of-court restructurings, which often enable clients to avoid the time, expense, public notice, and uncertainty associated with a formal bankruptcy proceeding. We also utilize federal and state law alternatives, including receiverships, when appropriate to achieve a prompt, successful, and cost-effective resolution.

Our international footprint keeps us involved and informed on all micro and macroeconomic issues facing an industry. Our debtor rights attorneys represent farmers and controlled environment agribusinesses in California, the trustee of a dairy in New Mexico, franchisees of national restaurant chains in Illinois, Indiana, Missouri, and Louisiana, a hand-held tool manufacturer in Chicago, an automotive part manufacturer in Michigan, national assisted living operators, real estate developers, and companies in nearly every industry in out-of-court restructurings and bankruptcy courts across the country.

Our corporate restructuring and bankruptcy attorneys, combined with the full range of our resources in other areas such as corporate litigation, international trade, environmental, health care, real estate, and intellectual property law, bring a unique breadth and depth of experience to fully address our client’s needs.

Debtor Rights Services

• Crisis management
• Negotiations with secured, trade, and other creditors
• Negotiate DIP loans and exit financing
• Recapitalization of entities
• Review of lease and contract obligations
• Financial and operational restructuring
• Corporate reorganizations
• Sale of business or assets
• Tax obligation restructuring
• Handbook Policies
• Pension benefits and retiree obligations