Hartford Business
Bankruptcy Lawyers
Representing Client In United
States Bankruptcy
Courts for the District of
Connecticut in
Hartford, New Haven and Bridgeport Connecticut
- Chapter
11 Business Reorganizations
- 363 Sales
- Debtor-in-Possession
Financing
- Preference
Litigation
- Fraudulent
Transfer Litigation
- Creditors
Committee Representation
- Workouts
Practice
Description
Business Reorganizations under Chapter 11 of the
United States Bankruptcy Code and related
workouts and litigation are not secondary
services at Alderman & Alderman.
From closely held businesses to multi-Billion
dollar reorganizations, our Connecticut Lawyers
have decades of experience representing secured
creditors, unsecured creditors, lessors,
lessees, parties to adversary proceedings
(including preferences, fraudulent transfers and
claims against officers and directors) and
corporate debtors, celebrities and high
net-worth individuals in complex workouts
and reorganizations.
Our insolvency attorneys regularly appear in the
United States Bankruptcy Courts for the District
of Connecticut in Hartford, New Haven and
Bridgeport.
Myles Alderman has published works on the
subject including the Bankruptcy Law Chapter of
the Connecticut Lawyers Deskbook (CBA, 2008) and
the best selling business bankruptcy law book
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. He has crafted strategies
to help clients address issues of first
impression in cases that have been "mission
critical" to clients.
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.
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