Chapter 11 Debtors

Businesses today face a host of challenges, both macro-economic and market specific. Sometimes an extraordinary event, like an adverse judgment in litigation, internal fraud or some other working capital crisis, means that a Chapter 11 filing is needed. Other less urgent factors that could lead to such a filing include lack of time and/or lack of liquidity to tackle a one-time event, management’s failure to spot early warning signs or loss of leverage/advantage with customers or in the marketplace generally. Chapter 11 protection gives these struggling businesses a reprieve from creditors and a chance to propose a new plan for profitability in the future.

Taft attorneys represent both public and private companies as debtors in possession in Chapter 11 cases. We take a big picture approach to matters, working closely with accountants and financial advisors to understand the goals of ownership and management. Then we establish a game plan. We are keenly aware of the importance of delivering high touch client service — our attorneys consistently under-promise and over-deliver as we work through client matters.