From our offices in Hartford
Connecticut and New York City we have been representing
secured creditors, unsecured creditors, lessors,
lessees, parties to adversary proceedings and select
business debtors in complex workouts and reorganizations
under Chapter 11 of the United States Bankruptcy Code
for decades. Our insolvency attorneys
regularly appear in the United States Bankruptcy Courts
for the District of Connecticut and the Southern
District of New York.
We are proud to have been chosen to provide critical
insolvency counsel to clients ranging from professionals
and closely held businesses to some of the largest
businesses in the world. While no two cases are
identical and past performance is not a guarantee of the
outcome of a new case, we offer the following as some
examples of our experience.
When the FBO with the
largest hanger in Connecticut suffered cash-flow
interruption that prevented timely payment of all
obligations, but failure to operate would have
resulted in a loss of rights under a lease of the
facility subject to regulations by the DOT, the FAA
and the DEP (n/k/a DEEP), with an interest by the DOD,
the FBO selected Alderman & Alderman to manage the
Chapter 11 reorganization of that entity. Our firm
developed and implemented a strategy that satisfied
the requirements of the DOT, FAA, and DEP, prevented
loss of the leasehold and resulted in the successful
transfer of the hanger to a new FBO without any
interruption in service.
When a Connecticut contractor
was unable to timely meet its obligations, while it
had hundreds of residential units in various stages of
completion, that developer chose Alderman &
Alderman to manage that Chapter 11
reorganization. Our firm developed and
implemented a plan that allowed the debtor to complete
the residential units, provided housing to the market
place, resulted in a payment plan satisfactory to the
creditors and allowed the debtor to continue to
When a world-renowned fashion
designer went into Chapter 11, the lawyers for handbag
manufacturer with the exclusive license to use that
designer's name and trademark, with over $100
Million of inventory at risk chose
Alderman & Alderman to address what was at the
time an issue of first impression within the Second
Circuit. Our lawyers crafted a strategy that
allowed our client to bring the hand bags to market
and secure exclusive use of the fashion designer's
name for handbags.
When the salaried employees
wanted to protect their rights when their employer
filed a multi-billion dollar reorganization, they
retained the lawyers at Alderman & Alderman.
The firm developed and implemented a strategy that
minimized the risk of loss from adversary proceeding
claims and maximized payments to these employees.
When a word-leader in
automotive manufacturing sought to acquire critical
intellectual property from a company in bankruptcy,
knowing that the acquisition would be contested by
other major manufacturers with an interest in the
IP, its general counsel selected Alderman &
Alderman. Our lawyers crafted and
implemented a strategy that resulted in a transfer
of good title that survived the challenge
from its competitors.
Our attorneys are equally
comfortable representing clients in business
reorganizations under Chapter 11 or municipal
restructurings under Chapter 9 of the United States
Myles Alderman's published
works on the subject include the Bankruptcy Law
Chapter of the Connecticut Lawyers Deskbook (Connecticut
Bar Association, 2008) and Chapter
11 Business Reorganizations: For Business Leaders,
Accountants And Lawyers (Outskirtspress,
His explanations of the bankruptcy process have appeared
in a wide range of publications including TheNew
York Times and TheWall Street Journal.
For assistance with complex
reorganizations, please call Myles Alderman at (860) 249-0093.
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are not intended to suggest that our firm, or any of our
attorneys, can deliver results that are superior to any
other law firm. All cases are different and
successful outcomes in prior cases, do not mean that
similar results will be obtained in a future matter.
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