Bankruptcy and Insolvency Practice

The Bankruptcy Court for the District of Delaware is a nationally recognized jurisdiction in which to reorganize troubled companies.  The firm’s bankruptcy and insolvency lawyers have been on the forefront of many of the country’s largest and most complex reorganization cases since 1991.  The firm’s bankruptcy and insolvency lawyers take great pride in, and are highly praised for, their responsiveness, substantive knowledge of bankruptcy law, and familiarity with Delaware’s Bankruptcy Court and local practice.  The lawyers in the group represent or have represented debtors, creditors’ committees, and other key creditor constituencies in many of the cases filed in Delaware. 

Chambers USA:  America’s Leading Lawyers for Business (2004-2009) praises the firm’s bankruptcy and insolvency practitioners as a “solid, diversified” and “highly regarded” group that is “respected for both its litigation and transactional work.”  Clients praise the group for “its sheer level of involvement and immersion in the market” and for “offering holistic and constructive advice that covers the bankruptcy process from every angle.” 

Representative Matters

Representative engagements in the bankruptcy and insolvency area include serving as counsel or co-counsel to (a) the Debtors in the cases of Nanogen, CFM U.S. Corporation, Essential Therapeutics, USA Floral Products, Silver Cinemas, Trenwick America Corporation, Inland Fiber Group, Broadstripe LLC, Morphogen Pharmaceuticals, Intellicorp and IQ NetSolutions; (b) the Creditors Committees in the cases of Visteon Corporation, Sea Launch Company, Cynergy Data, Merisant Worldwide, Qimonda, Lang Holdings, AFY Holdings, Pliant, OTC Holdings, Kaiser Aluminum, Budget Group, Meridian Automotive Systems, Pharmaceutical Formulations, Inc., KB Toys, Mervyn's, Sea Launch, PCAA Parent, J.L. French Automotive Industries, DeVlieg Bullard II and DESA Holdings Corp.; (c) the Senior Lenders in the cases of Global Safety Textiles, Flying J, Pacific Energy, American LaFrance, Fedders, Capmark and Dura Automotive; (d) the Plan Administrators in the cases of Aspen Executive Air, Budget Group, Cable & Wireless, and Vectour; the Foreign Representatives in the Chapter 15 proceedings of Spansion Japan Ltd. and Skypower Corporation; (e) the Equity Committee in the Washington Mutual case; (f) the Liquidators in the cases of Goody's, Boscov's, Ritz Camera and Blue Tulip; and (g) the Examiner in the case of Anderson News.

News & Publications

• Broadstripe, LLC Emerges From Bankruptcy
• Official Committee of Equity Security Holders Successfully Opposes Confirmation of Modified Sixth Amended Plan of Reorganization of Washington Mutual, Inc.
• Ashby & Geddes Advises On Restructurings, Asset Sales and Chapter 15 Proceedings
• Ashby & Geddes Represents Nanogen, Inc. And Affiliates