Brown McCarroll Attorneys at Law

Restructuring & Reorganization

Chapter 11 of the United States Bankruptcy Code offers companies a road to reorganization to get through a financially distressed time.

Another alternative to a more stable financial state is through out-of-court restructurings, also known as workouts.

Our attorneys help officers and directors determine if one of these options is the right solution given the financial and business situation. From there they assist with the reorganization or restructuring strategy and counsel clients throughout each stage of the process.

Our team has decades of financial reorganization experience representing:

• Secured and unsecured creditors
• Committees
• Debtors
• Trustees
• Other interested parties

Chapter 11 Reorganizations

Chapter 11 reorganizations place heightened scrutiny on the debtor and allow any party to file a proposed bankruptcy plan. In some cases it is ideal to pre-negotiate a plan between debtor and creditors. Our attorneys advise clients on the development of a proposed plan that is in the best interest of the client, but also has a viable possibility of receiving the votes and court approval to be accepted.

Out-of-Court Restructurings / Workouts

Workouts can be taxing─negotiating a reduction of debt with bankers, creditors and third parties takes time and patience. But in some circumstances, especially when the debtor is a large companies, it can be more advantageous for all parties.

In a typical workout, debt is either reduced or exchanged for equity. Our team can help negotiate these terms and advise you on the quality of the deal. We also assist clients with related employee benefits issues and other matters that are critical to the success of the restructuring.

When it is beneficial to our clients, we call upon our extended team of attorneys in our corporate & securities, tax and real estate practices to address any issues that may arise in these areas.