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Debtor Representation

Lathrop Gage regularly serves as debtor’s counsel in large and complex bankruptcy matters. We provide numerous services, including negotiating use of cash collateral, debtor-in-possession financing, asset sales, analyzing and objecting to claims, negotiating with employees and labor unions, and formulating and negotiating plans. Our reputation and experience affords us the ability to effectively negotiate with unsecured creditors’ committees, indenture trustees and secured lenders on the most complex issues.

Representative Experience:

  • Represented a Chapter 11 debtor that was a direct and catalog marketer of its own line of computer data storage and backup products and accessories, and a reseller of complementary third-party products with more than $50 million in annual sales.  We succeeded in obtaining the court’s authorization for the debtor to use cash collateral in its operations over the secured lender’s objections.  The debtor ultimately sold its assets for significantly more than the amount owed to the secured lender, enabling the estate to make substantial distributions to unsecured creditors.
  • Served as Chapter 11 debtor’s counsel for a regional snack food manufacturer and distributor with annual sales exceeding $100 million and more than 1,000 employees.  The case involved multiple complex issues relating to virtually every aspect of the debtor’s operations, including post-petition financing, employee, labor union, employee medical claims, asset sales and taxes.
  • Represented optometrist business in Chapter 11 case resulting in successful Section 363 sale of all business assets, including real estate, and former owner obtaining position with purchaser.