Chapter 11 Debtor
Haynes and Boone’s Restructuring practice helps find solutions for companies facing significant financial and legal challenges. Our attorneys have unparalleled experience guiding public and private companies and their boards of directors through troubled times.
In many distressed situations, our team can assist in developing a market-based strategy that avoids court proceedings altogether. If an out-of-court solution is simply not feasible, an in-court restructuring process may be necessary to implement a solution over the dissent of stakeholders and other interested parties. A formal court-based process creates an array of potential long-term and short term benefits including a mechanism for the sale of assets free and clear of creditor claims, the stay of pending litigation, and the opportunity to reject burdensome contracts. Our team has the skill to help management and directors maximize value for the company using all available legal processes, all consistent with applicable fiduciary obligations.
We are recognized nationally as resourceful, creative, and effective reorganization counsel. Our attorneys have developed unique insights to facilitate our client’s rehabilitation objectives. Because of our experience, we are consistently viewed as a preeminent company-side firm in the markets we serve.
Haynes and Boone, LLP Partner Richard Kanowtiz was quoted in a Reuters article about waning creditor opposition to bonuses for executives of bankrupt companies. Below is an excerpt: Earlier this year, some of Mallinckrodt's creditors balked at the prospect of rewarding top executives of the bankrupt pharmaceutical company with bonuses when management was facing accusations of misconduct. But the [...]