Posts by Bankruptcy
Vermont Bar Association Annual Bankruptcy Holiday CLE
Attorney Alexandra (Alex) Edelman is set…
2016 Vermont Bar Association's Bankruptcy CLE
Douglas Wolinsky and Alexandra Edelman will…View All Practice Area Posts >>
Our Bankruptcy & Restructuring Group is an agile group of accomplished commercial attorneys with decades of experience in loan workouts, bankruptcy, corporate and debt restructuring, litigation and appellate services advising a broad range of creditors and debtors. Our work includes all phases of out-of-court commercial debt restructuring and bankruptcy cases, both pre- and post-petition. Our team of well-known attorneys includes a chapter 7 Trustee in the District of Vermont and Northern District of New York.
We have a long history of representing banks, financial institutions, commercial lenders and debtors throughout Vermont, New Hampshire and Upstate New York. Our bankruptcy experience extends to Chapter 7, 11, 12 and 13 cases and our attorneys regularly practice before the bankruptcy and the appellate courts in those jurisdictions.
Our Bankruptcy and Restructuring Group integrates attorneys from a broad range of practice areas, including Real Estate, Corporate, Environment & Land Use, Financial Services & Banking, Taxation, Litigation, Insurance and Intellectual Property & Technology. With experience spanning numerous industries and areas of practice, we offer our clients a depth of knowledge and resources to provide effective and cost-efficient representation to address the impact of financial distress.
- Structuring complicated workouts and restructuring in Chapter 11 and 12 cases
- Representing creditors and creditor’s committees in complex bankruptcy proceedings
- Representing lenders in Chapter 7,11, 12 and 13 cases, including lenders with delinquent mortgages or objections to discharge or dischargeability
- Assisting buyers of financially distressed businesses and assets from bankruptcy estates
- Assisting lenders in the negotiating and structuring of financial workouts, including loan modifications and forbearance agreements
- Litigating and negotiating claims disputes
- Receivership services
- Managing the purchase and sale of pre and post-foreclosure collateral, including personal and real property and short sales
- Foreclosure and debt collection services
- Advising debtors on restructuring debt and reorganizing corporate structures to manage short and long term debt issues
Other available restructuring methods may include assignments for the benefit of creditors, and state or federal receiverships. While less frequently utilized than relevant chapters of the bankruptcy code, our attorneys are experienced in these procedures.
A new sub chapter 5 has recently been added to the provisions of chapter 11 of the bankruptcy code. The purpose of this subchapter is to provide a more expedient method of re-organization for small businesses. The CARES Act significantly increased the debt limits for this subchapter, temporarily, to $7,500,000. This will enable a significantly larger universe of businesses to take advantage of the provisions of sub chapter 5. Our attorneys are prepared for an anticipated influx of new cases, especially from businesses affected by the current pandemic.