Business Bankruptcy Lawyers

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 operate.

• 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 Bankruptcy Code.  

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, 2006).  His explanations of the bankruptcy process have appeared in a wide range of publications including The New York Times and The Wall Street Journal.

For assistance with complex reorganizations, please call Myles Alderman at (860) 249-0093.