Bankruptcy & Financial Restructuring

Olshan’s bankruptcy attorneys assist clients in navigating the complex landscape of bankruptcy, insolvency, and restructurings.

• Debt Restructuring 
• Distressed Investing 
• Bankruptcy Litigation
• Foreign Insolvency

Our bankruptcy attorney team regularly represents troubled companies, committees, secured creditors, lenders, investors, landlords and vendors, both in and out of bankruptcy court. As an experienced bankruptcy law firm, our goal is always to design and implement the strategy best suited to our clients' business plans in a cost effective and pragmatic manner.

We can also help you explore out-of-court options and determine if one of those options is the right fit for your needs. Common out-of-court options include divestiture, acquisition, recapitalization, workout, refinancing or operational restructuring. While bankruptcy can be an effective tool, our attorneys will help you analyze every option that's available. In each of these matters, our primary goal is to help our clients maximize the value of their investments and reduce the risk, cost, and time associated with distressed investments.

Debt Restructuring

There are many different global influences that can impact business cycles. If a company is impacted by an economic downturn, debt restructuring can be a cost-effective and discreet option for dealing with changing conditions and properly managing all financial obligations.

We can provide strategic assistance to help manage the debt restructuring process and find the best solution. We can also provide guidance for exchange offers, capital raising and lender negotiations.

Since every situation is unique, the best choice you can make is to work with an experienced team that can provide advice and guidance you can trust. Many of our New York bankruptcy attorneys have been recognized as industry leaders.

Distressed Investing

We also represent hedge funds, private equity funds, and other investors in distressed investing, DIP lending and distressed merger-and-acquisition transactions, including Article 9 sales, foreclosure transactions, and Section 363 sales.

Drawing on our deep knowledge of the market and our experience in business reorganization, finance, and corporate and tax law, our Distressed Investing Group attorneys counsel clients in the buying and selling of distressed debt, advising on due diligence, testing of investment theses, and trading issues.

Our attorneys have the perspective to effectively assess a distressed investing situation, act quickly to evaluate risk, and navigate the often complex rules that characterize bankruptcy cases, foreclosures, UCC sales, liquidations, Section 363 sales, reorganization plans, receiverships and other scenarios involving the disposition of distressed assets.

Bankruptcy Litigation

Our bankruptcy lawyers also have extensive experience representing clients in complex, bankruptcy-related litigation, including fraudulent conveyance, director and officer liability, preference disputes and other commercial matters involving insolvency proceedings and financially distressed businesses.

Because we're a bankruptcy law firm with over half a century of history, our New York bankruptcy attorneys have worked on a wide range of cases. We have experience dealing with asset sale disputes, breach of fiduciary duty claims, cash collateral disputes, claim objections, lien avoidance, successor liability and more. Regardless of your specific bankruptcy situation, Olshan's bankruptcy lawyer team has the experience and resources to help you.

Foreign Insolvency

Our bankruptcy lawyers also have extensive experience representing international parties in connection with United States bankruptcy processes, whether it be Chapter 11 or Chapter 15 recognition of foreign insolvency proceedings.

Contact Us Today: 212-451-2300

Debtor

• Town Sports International, LLC (special counsel)

• SynCardia Systems, Inc
• Novation Companies, Inc,. et al
• iON Worldwide, Inc., et al
• 56 Milbank Avenue, LLC
• Fox & Hound Restaurants
• Atari, Inc.
• Namco LLC
• Jennifer Convertibles, Inc.
• Madison 92nd Street Associates LLC (Upper East Side Courtyard Marriott)
• BP Clothing, LLC
• GMG Capital Partners III
• Abe’s Electronics Inc.
• BCF Funding LLC
• Scerene Healthcare Inc.
• Basketball City, LLC

Bondholder/Lender

• Delivery Agent, Inc.  
• Caesars Entertainment
• SunEdison Inc.
• Endeavor Oil
• Sabine Oil & Gas
• ESP Resources
• University General Hospital Systems, Inc.
• UGHS Senior Living Inc.
• Tribune Company
• Tronox, Inc.
• Global Capacity Group
• Saint Vincent’s Medical Center
• Plum TV, Inc.

Buyer/Investor

• Sugarfina Inc (Buyer)
• Fred’s, Inc (Buyer of real estate)
• Gibson Brands, Inc.  (Buyer of real estate)
• MBIA, Inc.
• AMR Corporation
• CDx Laboratories, Inc.
• Champion Motor Group Inc.
• Mooney Airplane, Inc.

Major Creditor/Stakeholder

• J. Crew (major offshore vendor)
• Neiman Marcus (major luxury consignment vendor)
• Surrey Hotel (ground lessor)
• Sportco Holdings, Inc.  (Second Lien Lenders)
• Scoobeez, Inc. (DIP Lender and exit investor)
• Grubb & Ellis Company, Inc. (Ad Hoc Committee of Brokers)
• Nutrition 21, Inc. (Series J Preferred Holders)
• 4Kids Entertainment, Inc. (Licensors)
• MF Global, Inc. (FX Account Holders COmmittee)
• The 1031 Tax Group LLC (Ad Hoc Committee and Trustee)
• $125 Million Sale of F&H Acquistion Corp.

Creditors’ Committee

• Musicland Holding Corp.
• KB Toys Inc.
• FAO Schwarz
• Zany Brainy
• The Museum Company
• San Francisco Music Box Co.
• Nobody Beats the Wiz, Inc.
• KMART (Equity Committee)

• Signature Apparel Group, Inc.
• Vermillion, Inc.
• Biovest International, Inc.

Press Releases