Debtor Representation |
For most individuals and businesses, filing bankruptcy is a difficult choice. While it puts an end to creditor demands and gives the debtor a chance to liquidate or reorganize its capital structure, the consequences can be long term and the impact can affect business factors beyond the financial statement. At Danning, Gill, Diamond & Kollitz, LLP, our
attorneys are experienced in protecting the rights of debtors. The
Firm uses its extensive experience to assist debtors
in assessing and implementing the business decisions as
well as the legal processes which enhance the prospect of a successful, results-oriented bankruptcy proceeding.
When clients are under more debt pressure than they can handle - whether an individual or a business - the most responsible action
they can take may be filing for protection under the Bankruptcy
Code. The experienced lawyers at Danning, Gill, Diamond & Kollitz, LLP, deal with bankruptcy
cases every day. The Firm has helped debtors through a wide range of bankruptcy issues from business reorganization to liquidation.
The Firm's bankruptcy lawyers have the understanding and knowledge to help you understand your rights and obligations.
Protect Assets Through Bankruptcy
Our bankruptcy attorneys can help you determine whether you should file for bankruptcy or pursue an out-of-court solution and, if a bankruptcy is warranted, whether Chapter 7 or Chapter 11 best fits your particular circumstances. We will help you stop creditor calls and protect your assets such as real estate (especially your home), proceeds from an inheritance or lawsuit, and, (in the case of a business), not just the assets such as inventory, equipment and receivables, but also the assets that are sometimes overlooked such as intellectual property (patents, copyrights, trademarks and trade secrets), royalties, and the other assets that contribute to a business's good will and going concern value.
Reorganization for Businesses
The Firm's attorneys have substantial experience in corporate reorganizations under Chapter 11, including dealing with issues such as debt restructuring, cash collateral,
executory and unexpired lease issues, and debtor-in-possession financing, as well as developing creative strategies to create and implement plans of reorganization. In addition,
the Firm's attorneys have extensive experience in dealing with the practical aspects of
Chapter 11, such as developing approaches to public relations concerns, business plan development and the negotiation of resolutions with creditor constituencies.
Reorganization for Individuals
While Chapter 11 is typically used by businesses to reorganize, it may also be used
by individuals whose debts exceed the limits of Chapter 13.
The Firm's attorneys can assist individuals in effectively reorganizing their financial affairs through a Chapter 11 bankruptcy proceeding, especially where they are ineligible to file for relief under Chapters 7 or 13.
Sample Cases:
Sample Chapter 11 Debtor Cases: |
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The Firm has represented a major international electronics company in the entertainment industry in a successful Chapter 11 reorganization. |
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The Firm has represented an Oscar-winning film
production company as a Chapter 11 debtor, which resulted in a confirmed plan. |
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The Firm has served as lead counsel in the successful representation of a corporate Chapter 11 debtor-in-possession, with manufacturing facilities in the United States and Mexico as well as substantial real estate holdings. |
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The Firm has served as lead counsel in the successful representation of an individual Chapter 11 debtor-in-possession who controlled more than 35 separate partnerships each of which operated commercial real estate. |
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The Firm has successfully reorganized a wine merchant. |
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The Firm was counsel to the Debtor in the Chapter 11 of a pioneering company in lasers and electronics. |
| Sample Cases Where Bankruptcy Was Avoided |
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The Firm successfully renegotiated both secured and unsecured debt of a Los Angeles jeweler to allow client to avoid filing a Chapter 11 reorganization proceeding. |
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The Firm successfully represented a major car dealership with multiple locations in its efforts to avoid seeking protection under the Bankruptcy Code, restructuring its business operations on an out-of-court basis, and consummating a sale of its new car business operation. |
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The Firm successfully represented a medium-sized
law firm in working out issues with its landlord,
thereby avoiding the need to file a Chapter 11
bankruptcy. |
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The Firm successfully negotiated a settlement on
behalf of an entertainment field against of a large
judgment. |
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Attorney Profiles
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