Increasing economic pressures, a changing regulatory environment and the rapid revamping of business models combine to create enormous challenges for those doing business in the United States and beyond. Creditors today are faced with critical, complex problems that cannot be easily solved with formulaic approaches or traditional thinking. Successfully navigating bankruptcy, reorganization and related litigation requires experience, resolve and a willingness to examine issues from a variety of fresh perspectives.
Regularly recognized in Chambers USA: America’s Leading Lawyers for Business, CSG’s Bankruptcy & Creditors’ Rights Group is national in scope with a focus in New York, Delaware and New Jersey. Our attorneys principally represent creditors seeking to enforce their rights in bankruptcy, and are often called upon by secured creditors looking to maximize collateral recovery as well as landlords seeking to protect their lease rights and minimize financial exposure from a commercial tenant in bankruptcy. Additionally, our bankruptcy and creditors’ rights practice encompasses:
Non-Bankruptcy Creditors’ Rights
CSG has a sophisticated commercial foreclosure practice designed to help clients maneuver through complex state and federal foreclosure laws and procedures to maximize a creditor’s recovery from its real property collateral.
We also represent creditors caught in the web of a rejuvenated practice under various state laws known as Assignments for the Benefit of Creditors (“ABCs”). Like a bankruptcy filing, an ABC represents the potential for a total loss to creditors unless skilled and knowledgeable legal counsel are retained and familiar with this alternative proceeding to bankruptcy. In cases where fraud is suspected, or there has been the fraudulent transfer or dissipation of assets or collateral, CSG rigorously pursues pre-judgment actions such as attachment, replevin, the appointment of statutory and custodial receivers and injunctive relief, all designed to preserve assets and the status quo before a bankruptcy or ABC is filed that restricts a creditor’s options.