Bankruptcy and Insolvency

Dilworth boasts one of the largest bankruptcy and insolvency practices in the Philadelphia region. Our Bankruptcy & Insolvency attorneys regularly represent secured lenders, other creditors, borrowers, and commercial debtors in a wide variety of industries and cases. Some of our lawyers focus on judicial insolvency proceedings and maintain a litigation-oriented practice while others focus their transactional skills on out-of-court workouts and debt restructurings. Dilworth's Bankruptcy & Insolvency attorneys have represented clients in bankruptcy proceedings across the nation on a pro hac vice basis.

The Bankruptcy & Insolvency Group provides a broad and comprehensive range of services, combining litigation, corporate restructurings, enforcement of creditors' and debtors' rights, and insolvency tax law. Group members have achieved a high level of skill in the extremely technical bankruptcy field without compromising their broader litigation, corporate, or tax skills.

Recent Matters

• Representation of the general contractor that constructed a "state of the art" mini-mill for special bar quality steel in the bankruptcy proceeding of the owner of the mill.
• Representation of a secured lender on defaulted debt of affiliated nursing home and real estate companies.
• Representation of a nationally-known bond fund as the bondholder in the bankruptcy proceedings of a telecommunications company.
• Representation of a public internet services company as debtor in a bankruptcy proceeding.
• Representation of the equity holders of a major mineral extraction company in its bankruptcy proceeding.
• Representation of lender representatives on the board of an insolvent cosmetics company.
• Representation of a national steel producer in the bankruptcy proceedings of a key supplier and defendant in anti-trust litigation.

The amount in controversy in each of these matters was usually greater than $10,000,000 and often exceeded $100,000,000. Dilworth's Bankruptcy & Insolvency Group routinely provides cost effective representation of parties with smaller interests in insolvency matters. For instance, the Group regularly represents clients in preference litigation, litigation involving set-off and recoupment rights, particularly against governmental entities, assumption and assignment of contracts, enforcement of security interests, and tax claims resolution.

Dilworth's Bankruptcy & Insolvency attorneys have amassed more than 20 years experience in large and complex bankruptcy and insolvency representations. Often this cumulative experience has proven invaluable in recognized industry groups including:

• commercial real estate development
• the hotel industry
• the steel industry
• the health care industry retailing
• the telecommunication industry
• high-tech and internet companies

For questions or additional information, please contact Lawrence G. McMichael, Chair of the Bankruptcy and Insolvency Group.

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