Large Bankruptcy Case
Represented the independent fiduciary of Delphi Corp. pension plans in the company's bankruptcy proceedings, one of the largest bankruptcy cases in the U.S.Bankruptcy and Creditors' Rights: Overview
The Bankruptcy and Creditors' Rights Group of Buchanan Ingersoll & Rooney has experience in many aspects of creditors' rights and bankruptcy practice. Buchanan Ingersoll, one of the largest law firms in the nation, has been involved throughout the United States in representing many of the myriad parties and interests that interact in such bankruptcy and creditors' rights matters as:
- Chapter 11 reorganization cases.
- Chapter 7 liquidation cases.
- Acquisition of assets from bankruptcy estates and distressed borrowers.
- Non-judicial loan restructuring, "workouts" and other alternatives to the bankruptcy process.
- Asset recovery and foreclosure.
- Bankruptcy and creditors' rights related litigation in state and federal courts.
- Insurance insolvency proceedings under state insurance laws.
Cross-Practice Teams
The Bankruptcy and Creditors' Rights Group is supported by other lawyers throughout Buchanan who contribute additional knowledge in such areas as banking and corporate law, franchising, real estate, securities, taxation, environmental regulation, health care, insurance regulation, intellectual property, and labor and employment. The breadth of skills and knowledge within Buchanan Ingersoll's regional office network enables our group to deal with the many complex and diverse issues arising in bankruptcy and related matters in an efficient and economical fashion.
Financial Services
Buchanan's lawyers are trained to meet the needs of financial institutions, commercial financing companies, equipment lessors, franchisors, government authorities, and insurance companies in regard to the management and recovery of troubled loans and obligations. We have assisted such clients in the restructuring of debt through out of court workouts, collection and foreclosure actions, defense of lender liability claims, and in traditional bankruptcy issues, including:
- Automatic stay litigation and enforcement.
- Bankruptcy sales.
- Assumption and rejection of real property leases and executory contracts.
- Protection of cash collateral.
- Post-petition financing.
- Plan structuring and confirmation.
- Objections to discharge.
- Preference and fraudulent transfer litigation.
- Foreclosures and replevins.
- Landlord-tenant disputes.
- Environmental issues.
Our practice is not limited to the representation of institutional creditors. Our lawyers actively represent borrowers, franchisees and lessees in bankruptcy and related litigation matters at many levels. In addition, the group successfully has represented debtors and creditors' committees in Chapter 11 reorganization and out-of-court restructurings and creditors' committee and trustees in Chapter 11 reorganizations.

