Liquidating substantial portions of distressed businesses assets often maximizes distributions to an insolvent firm’s creditors. Given the precarious and often time-sensitive nature of such liquidations, buyers of insolvent firms are best served by experienced counsel knowledgeable in the issues unique to insolvencies.
We regularly represent buyers of assets and operating businesses in insolvency proceedings, Section 363 sales and sales pursuant to confirmed plans of reorganization under the Bankruptcy Code. Representative cases include Braniff Airlines, National Steel, Integrated Resources, Inc., PanAm Airlines, Comdisco, Integrated Plastic Technologies, Inc., Clubhouse Restaurants, Dietzgen Corp., Chiasso, Inc., Dynagear, Inc., Mastercasters, Inc. and Jackson Precision Die Casting Inc.
Acquiring or disposing of assets from a troubled or Chapter 11 seller requires a multidisciplinary legal team. With practices focusing on tax, real estate, intellectual property, corporate and labor law, among other areas, Neal Gerber Eisenberg is optimally positioned to assist in such transactions.
Together, we have developed strategies that maximize value and control buyers’ risks in the volatile environment of bankruptcy acquisitions. Our attorneys have represented purchasers of the assets of distressed airlines, hotels, health care facilities, financial services companies, medical equipment suppliers, manufacturers and automotive suppliers.