Clark Hill’s Bankruptcy and Corporate Restructuring Group has extensive expertise representing troubled companies in bankruptcy proceedings and in out-of-court workouts.
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, In the automotive industry, in particular, our attorneys have represented debtors in AutoStyle Plastics, Cambridge Industries, Soo Plastics, VSI Holdings, Oxford Automotive, among many others. Our group also recognizes the advantages of out-of-court restructurings, which often enables clients to avoid the time, expense, and uncertainty associated with a formal bankruptcy proceeding. We also utilize less traditional state law alternatives when appropriate to achieve a prompt, successful, and cost-effective resolution.
In addition, our Labor and Pension practice group is highly experienced in addressing the myriad of labor, pension, and retiree benefits issues in and out of bankruptcy cases. Most notably, our group acted as special counsel for the debtor in the Rouge Steel bankruptcy case, working closely with the UAW, the United Steel Workers, and the PBGC to address the debtor’s pension, retiree medical benefits obligations and union contracts, among other issues.
Combined with the full range of our resources in other areas such as corporate litigation, environmental, real estate, and immigration law, we bring a unique breadth and depth of experience to fully address our client’s needs.