Bankruptcy & Corporate Restructuring

Riker Danzig's experience and knowledge in bankruptcy litigation, corporate reorganization, real estate restructurings, and nonbankruptcy insolvency proceedings allow us a strong practice on a national platform. Our bankruptcy lawyers have been recognized by a number of outside sources for its strength in New Jersey, as well as in the Northeast United States. For example, our bankruptcy law group has been highly ranked among New Jersey bankruptcy practices by Chambers U.S.A. since 2007, and is described therein as "famed for its impeccable work on behalf of secured creditors" and "brimming with quality." Sources describe our team as “responsive, thorough and professional, providing excellent explanations of the bankruptcy proceedings and issues, and comprehensive advice.” Sources said "they represent the highest standards of any New Jersey firm I have worked with," and "they are very communicative, with reasonable rates."  The Guide states the bankruptcy group has considerable expertise in healthcare-related insolvencies and real estate restructurings, as well as asbestos-related bankruptcies and mass tort litigation. Chambers also quotes clients who praise our group's strong work representing indenture trustees.  Clients state that the Firm "maintains a great balance, does a great job of keeping us informed and secures great outcomes in tough situations," "this firm never fails to impress me – they are extremely thorough and always very well prepared," and "the attorneys are all very technically capable."  In addition, in 2009 The Legal 500 US recognized our bankruptcy law group for our work in the Northeast United States. Since its inaugural book in 2010, our bankruptcy law practice has been ranked in Tier 1 for New Jersey firms in the U.S. News and World Report-Best Lawyers “Best Law Firms” rankings.  See Awards and Honors Methodology.  

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Drawing upon the resources of our bankruptcy expertise, as well as the firm's varied litigation, corporate, healthcare, real estate, environmental and public finance expertise, the firm has earned a nationwide reputation for its representation of secured creditors, debtors, indenture trustees, creditors’ committees, Chapter 11 and 7 trustees, landlords, asset purchasers, equipment lessors, bondholders, private equity groups, receivers and assignees for the benefit of creditors, as well as third party plan proponents (i.e., takeovers) in all aspects of litigation under the Bankruptcy Code.

Our bankruptcy group began in the early 1970s as a natural outgrowth of our longstanding representation of banks and commercial trade creditors.  Through this practice, we developed a strong expertise in representing various stakeholders in all aspects of insolvency proceedings, wherein we regularly become involved in all aspects of motion practice and litigation, including negotiating cash collateral and post-petition financing orders, litigating motions for relief from the stay, determining the nondischargeability of debts, negotiating and/or litigating contested plans of reorganization, addressing Uniform Commercial Code lien enforcement, reclaiming collateral, litigating valuation hearings, and prosecuting and/or defending avoidance actions, which include preference and fraudulent transfer actions nationwide. 

Over the past few years, we have played a significant role in several well-known or large bankruptcy proceedings, including:

Other well-known bankruptcy proceedings in which the firm played a significant role include: