BROAD CLIENT BASE
With over a half-century of combined experience, CTSW attorneys have developed a national bankruptcy practice in workouts and chapter 11 cases across the country. Our clients are drawn from all constituencies affected by bankruptcies, including sources of financing and parties interested in acquiring assets and businesses from chapter 11 debtors and other financially troubled companies.
We frequently represent:
ACHIEVING RESULTS THROUGH CREATIVE SOLUTIONS
Through representations of debtors and creditors, we have amassed the knowledge and experience essential to understand and fashion creative solutions for even the most complex problems in troubled-company situations.
LITIGATION AS A TOOL, NOT AN END
Because we also counsel corporate and banking clients in large, complex, transactional matters outside of the bankruptcy arena, we have a broader perspective. We recognize bankruptcy for what it is -- a means for our clients to achieve a particular result. Likewise, we view litigation in the bankruptcy arena as but one of many options available to our clients. When the decision is made to go to court, however, we do so aggressively, and with clear goals in mind. We have successfully recovered distributions for creditor groups that would not have otherwise been offered to them absent our litigation strategies. Yet, we litigate selectively only on those issues that advance our clients' strategic objectives.
RECENT REPRESENTATIONS AND RESULTS
Representative matters on which CTSW attorneys have worked in the recent past include:
In re Eos Airlines, Inc. (represented Official Committee of Unsecured Creditors)
In re Ziff-Davis Media Inc. (conflicts counsel for Official Committee of Unsecured Creditors)
In re Levitz Home Furnishings, Inc. et al. (represented a successful bidder at bankruptcy auction of all assets; and continuing to represent liquidator of approximately 35 locations)
In re Huffman Koos Inc./Breuner's Home Furnishings, Inc. (represented a liquidator in furniture liquidation sales (largest ever to date) for the benefit of creditors, resulting in substantial dividend to creditors)
In re Refco, et al. (represented certain hedge fund sellers of claims, resulting in significant recovery on account of unsecured debt)
In re Agway, Inc. et al. (represented an institutional purchaser of substantial accounts receivable portfolio
In re Today's Man, Inc. (represented bidder for substantially all assets of Debtor)
In re Actrade Financial Technologies, Ltd. (represented Official Committee of Equity Holders)
In re Galey & Lord, Inc. (conflicts counsel for Official Committee of Unsecured Creditors)
In re Service Merchandise, Inc. (co-chair of Official Committee of Unsecured Creditors)
In re Olympia & York, USA (represented bank member of creditors' committee)
In re eLot, Inc. and eLottery, Inc. (represented bondholders, DIP lender and Plan Funder)
In re Kmart Corp. (represented large jewelry consignment creditors)
In re Jacobson Stores (represented Official Committee of Unsecured Creditors)
In re Troutman's Emporium (represented Official Committee of Unsecured Creditors)
In re Homelife (represented stalking horse liquidator)
In re Metromedia Fiber Network, Inc., et al. (represented major secured vendor and successfully negotiated assignment of secured claim to third party)
In re Starad, Inc. d/b/a Christopher Radko (represented a designer/ distributor of Christmas ornaments in workout which ultimately conducted a sale of substantially all its assets)
