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MVA Experience- Bankrupcy & Financial Restructuring- Bankrupcty

Representative Bankrupcy matters include:

Lenders

  • In re Smith Mining and Materials (Ky.).  Represented senior secured lender with $16 million of secured claims in bankruptcy case of a sand and gravel mining operation in Southern Indiana and Western Kentucky.
  • In re US Airways (Va.).  Represented agent for syndicate of lenders, including Air Transportation Stabilization Board.  Also represented a hub airport concerning the bankruptcy treatment of the airline’s gate leases, as well as other issues.
  • In re Crown Pacific (Ariz.).  Represented agent for lender syndicate with $220 million in exposure in negotiating creditors’ plan.
  • In re Transcare Corporation, et al. (N.Y.).  Represented senior secured creditor in conversion of claims into a combination of secured debt and equity in the reorganized debtors. 
  • In re Meadowcraft, Inc. (Al.).  Represented agent for lender syndicate with over $150 million of debt exposure, including negotiating confirmed refinancing chapter 11 plan.
  • In re Centennial Healthcare (Ga.).  Represented co-agent for lender syndicate with over $200 million of debt and synthetic lease exposure, including negotiating confirmed liquidating chapter 11 plan.
  • In re PWG USA, LP (S.C.).  Represented senior secured lender in transition and sale of second-tier auto supplier in non-judicial workout and involuntary bankruptcy.

Other Creditors

  • In re Hancock Fabrics, Inc., et al (Del.).  Representing lessor in matters pertaining to debtor’s assignment of real estate leases.
  • In re Dana Corp., et al. (N.Y.).  Defended supplier sued for refusal to provide trade credit to debtors.  Assisted creditors with sale of unsecured claims. 
  • In re Delphi Corporation, et al. (N.Y.).  Assisted clients with the negotiation of post-petition supply agreements with the debtors.
  • In re Athlete’s Foot LLC (N.Y.).  Representing lessor in matters pertaining to debtor’s assignment of real estate leases.
  • In re KB Toys. (Del.).  Represented lessor in matters pertaining to debtor’s assignment of real estate leases.
  • In re NEGT Energy Trading-Power, L.P. (Md.).  Continuing representation of one of the largest unsecured creditors, which is also chair of the creditors’ committee. 
  • In re Ameritex Yarn, LLC. (N.C.).  Serving as counsel for the unsecured creditors committee.
  • In re Enron (N.Y.).  Represented utility supplier and purchaser in negotiation and recovery of $9.5 million contract rejection claim.
  • In re Mirant (Texas). Represented utility in negotiation and recovery of $107,500 contract rejection claim.
  • In re Worldcom (N.Y.)  Represented counter-party in contract assumption and claim resolution.
  • In re Doyle Electrical Construction Corp. (S.C.).  Represented Chapter 7 trustee in efforts to collect accounts receivable owed to debtor.
  • In re Brakefield Construction Company, Inc. (S.C.).  Represented unsecured creditors' committee and assisted in obtaining a distribution to general unsecured creditors in excess of fifty percent (50%).

Debtors

  • In re Southaven Power, LLC (N.C.).  Serving as local counsel for debtor in its Chapter 11 reorganization.  Debtor owns an 810 megawatt natural gas generating facility.
  • In re Nobex Corp. ( Del).  Served as special counsel to debtor for sale of intellectual property and other assets.
  • In re J.A. Jones, et al. (N.C.).  Served as local counsel for large construction conglomerate in their Chapter 11 liquidation.

Buyers

  • In re Harriet & Henderson Yarns, Inc. (N.C.).  Represented the buyer in the purchase of assets from the debtor’s bankruptcy estate.
  • In re Birmingham Steel Corp. (Del).  Represented the buyer in the purchase of $600 million of assets from the debtor’s bankruptcy estate.
  • In re York Research, LP (N.Y.).  Represented limited partner in acquisition of controlling interest of alternative energy supplier.