Debtor and Committee Representation in Chapter 11

Effective, successful representation of debtors and committees requires in-depth knowledge and specific legal skills. The Financial Restructuring and Insolvency practice of Troutman Sanders includes attorneys with experience advising debtors and committees of creditors and equity holders in significant bankruptcy cases across the country, including in Delaware, Georgia, New York and Texas. Our industry experience is equally broad, and includes matters involving for-profit corporations and not-for-profits in the following sectors:

  • Airlines
  • Apparel and jewelry
  • Automobiles and farm equipment
  • Chemicals
  • Consumer goods, toys and furniture
  • Department stores, supermarkets and retailers
  • Electronics
  • Financial services
  • Food, beverages and alcohol
  • Healthcare and mental health
  • Manufacturing
  • Office equipment and supplies
  • Photographic equipment
  • Real estate, construction and building products
  • Restaurants

Recent bankruptcy matters involving representation of debtors include the following:

  • Represented St. Francis Hospital, Inc. in its out-of-court restructuring/sale and conversion from non-profit to for profit
  • Represented the nation’s largest public car-haul company in its Chapter 11 reorganizations in Atlanta and Delaware, including securing $315 million in combined first- and second-lien secured debtor-in-possession (DIP) and exit financing credit facilities in first Chapter 11 case and securing multiple DIP facilities in second Chapter 11 case
  • Represented the nation's largest chain of mental healthcare facilities in Chapter 11 cases in Delaware
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Recent bankruptcy matters involving representation of committees include the following:

  • Served as counsel to the trade creditors’ committee of a large building products company
  • Served as counsel to the creditors’ committee of a manufacturer that was insolvent as a result of a leveraged buyout
  • Represented the ad hoc committee of holders of credit-linked notes issued by trusts and secured by credit default swaps
  • Represented the equity security holders’ committee of a North Georgia carpet manufacturer forced to liquidate its real estate holdings in a Chapter 11 case; after payments of all creditors’ claims in full, equity holders realized substantial residual value
  • Represented the equity security holders’ committee of a holding company of an international technology business, forced into a liquidating Chapter 11 by an adverse judgment, resulting in substantial recovery to shareholders