- Are you a creditor of a company that filed bankruptcy and have questions?
- Are you in a lawsuit with a party that just filed bankruptcy and need advice about what you can and cannot do?
- Do you want to obtain relief from the “automatic stay” of bankruptcy?
- Do you want to assert a claim against a party in bankruptcy?
- Did you file a proof of claim and need help defending it?
- Are you being sued by a chapter 11 or chapter 7 trustee?
- Does your company have a large credit exposure to a customer that may file bankruptcy?
- Did you just receive notice that your customer commenced an “assignment for the benefit of creditors?”
- Did you just learn that your customer’s bank or other blanket-lien lender is foreclosing on its assets and that there will be no ability to pay your company?
- Are you a licensor of licensee of a counterparty that just filed bankruptcy?
- Do you want to “bankruptcy-proof” a contract against the risk that your counterparty might someday become insolvent?
- Are you a landlord whose tenant just filed bankruptcy?
- Do you want to object to the discharge of a debtor-in-bankruptcy?
- Do you need aggressive representation in the context of a chapter 11 plan?
We Can Help
Sugar Felsenthal’s Restructuring, Insolvency, & Special Situations (“RISS”) attorneys are among the most experienced in the United States.
View our credentials here. View our Team here.
You may benefit from reading the following:
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Saving Your Business
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Subchapter V of Chapter 11: A User's Guide
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The ABCs of Assignments for the Benefit of Creditors (ABCs)
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Commercial Bankruptcy Litigation
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The ABCs of ABCs, Business Bankruptcy & Corporate Restructuring/Insolvency
For a free consultation, email turnaround@sfgh.com or call any of Jonathan Friedland (312.704.2770), Mark Melickian (312.704.2174), or Jack O’Connor (312.704.2178). All inquiries will be treated with absolute strict confidentiality.
Publications
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05/15/2020
Family Business Magazine publishes article co-authored by Michael Brandess entitled, “Practical Steps You Can Take to Help Your Business Survive COVID-19”
Family Business Magazine publishes article co-authored by Michael Brandess entitled, “Practical Steps You Can Take to Help Your Business Survive COVID-19”
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05/12/2020
Sugar Felsenthal Grais & Helsinger partner Jonathan Friedland published in Private Directors Association May Newsletter
Sugar Felsenthal Grais & Helsinger partner Jonathan Friedland wrote an article for the Private Directors Association entitled “Don't Shoot the Messenger, But Your Company May Be Insolvent. What Do You Do Now?”
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03/20/2020
“You Will Survive! How Your Business Will Survive Coronavirus – a Crisis Management Plan”
Can your business survive? In a word – yes. While most businesses will suffer, and many will fail, yours can survive. SFGH partner Jonathan Friedland and law clerk Kyle Fleck authored “You Will Survive! How Your Business Will Survive Coronavirus – a Crisis Management Plan” to give business owners insight on what they can do, what they should do, today, tomorrow, and next week to best position their businesses to survive during the COVID-19 crisis, and to ultimately thrive when the economy begins to recover.
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03/17/2020
Mark Melickian guides COVID-19 impacted businesses on how to access emergency cash in “Protect Your Business from Coronavirus with a Disaster Assistance Loan”
Has Coronavirus (COVID-19) made it challenging for your business to make payroll, maintain inventory, or pay your creditors? The U.S. Small Business Administration (SBA) will offer low-interest loans to businesses impacted by COVID-19 to help overcome the temporary loss of revenue businesses are facing. SFGH’s Restructuring, Insolvency, and Special Situations (“RISS”) head Mark Melickian advises businesses to jump on these opportunities now in his article “Protect Your Business from Coronavirus with a Disaster Assistance Loan.”
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02/05/2020
SFGH Partner Lisa Vandesteeg authors cover article for the American Bankruptcy Institute Journal entitled, “Technology and Legal Ethics: A User’s Manual (Part I)"
The cover of the February 2020 issue of the American Bankruptcy Institute Journal features an article authored by Lisa Vandesteeg entitled “Technology and Legal Ethics: A User’s Manual (Part I)” – the first in a two-part series discussing the fundamentals of the intersection of cybersecurity and ethics for bankruptcy attorneys. The article in ABI’s February issue discusses the key ethical rules in the realm of technology and data security. The second article, appearing in a later issue, will provide guidance as to the best practices with respect to securing and transferring client data and the necessary steps law firms must take to notify clients in the event of a data breach or loss of client information.
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02/03/2020
SFGH Partner Jack O'Connor named Vice Chair of 2020 TMA NextGen Global Committee
SFGH is proud to announce that Jack O’Connor, a partner in the firm’s Restructuring, Insolvency, Special Situations, & Corporate Distress Group has been named Vice Chair for the Turnaround Management Association’s Global NextGen Committee for 2020.
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09/24/2019
Brewbound Voices: Understanding Your Options in a Distressed Market — Alternatives to Filing for Bankruptcy
SFGH attorney Jack O’Connor recently authored an article for Brewbound, a leading beer industry trade publication, regarding alternatives to bankruptcy filings in a mature beer marketplace. The article, published in the “Brewbound Voices” column on the site, discusses specific strategies and alternatives for breweries in distress, citing recent examples of breweries opting not to file bankruptcy, and work to wind down their operations or otherwise continue their businesses by alternative means. The article provides an overview of asset sales, assignments for the benefit of creditors, receiverships, as well as other bankruptcy alternatives.
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08/27/2019
Jonathan Friedland and Hajar Jouglaf author article entitled “Bankruptcy Code Revised – A Review of the SBRA and Other Reforms”
Jonathan Friedland and Hajar Jouglaf authored an article reviewing the most recent changes made to the Bankruptcy Code. The article, entitled “Bankruptcy Code Revised – A Review of the SBRA and Other Reforms,” provides insight into key provisions of the Small Business Reorganization Act of 2019 (“SBRA”) and high-level overview of The Family Farmer Relief Act of 2019 (“FFRA”) and The Honoring American Veterans in Extreme Need Act of 2019 (the “HAVEN Act”).
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08/19/2019
Sugar Felsenthal Grais & Helsinger partner Jonathan Friedland quoted in article titled “How to Choose the Best Professional Associations to Join”
With many career benefits to joining a professional association and a nearly unlimited network of professionals to tap into, how do you choose which organization is the best fit for you? SFGH partner Jonathan Friedland was recently quoted in the article “How to Choose the Best Professional Associations to Join,” published in Point Road Group Insider.
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06/20/2019
SFGH partner Elizabeth “Lisa” Vandesteeg quoted in article titled “Litigation Funders Become the Litigants as Industry Grows”
Sugar Felsenthal Grais & Helsinger partner Lisa Vandesteeg was recently quoted in the American Lawyer Magazine for the article "Litigation Funders Become the Litigants as Industry Grows." In this article, Lisa Vandesteeg provided commentary on recent litigation over its permitted use.
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06/19/2019
Jonathan Friedland’s article entitled "Rise of the Alternatives" published in BankruptcyData's 2019 Bankruptcy Yearbook, Almanac & Directory
Sugar Felsenthal Grais & Helsinger partner Jonathan Friedland recently authored the article "Rise of the Alternatives" in BankruptcyData's 2019 Bankruptcy Yearbook, Almanac & Directory.
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05/23/2019
Sugar Felsenthal Grais & Helsinger partner Jonathan Friedland published in Private Directors Association May Newsletter – “What to Do When You're a Corporate Director of a Private Company Facing a Financial Crisis”
Sugar Felsenthal Grais & Helsinger partner Jonathan Friedland wrote an article for the Private Directors Association entitled “What to Do When You're a Corporate Director of a Private Company Facing a Financial Crisis.” In this article, Jonathan discusses the actions you should consider when a company whose board you sit on is facing an existential threat.
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04/10/2019
SFGH partner Michael A. Brandess published in Northern District of Illinois Bankruptcy Liaison Committee Newsletter
SFGH partner Michael A. Brandess was published in the Northern District of Illinois Bankruptcy Liaison Committee Newsletter for his article entitled "Bankruptcy Liaison Questionnaire."
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01/18/2018
On January 18, 2018, SFGH associate Jack O’Connor was quoted in an article published by Brewbound.
On January 18, 2018, SFGH associate Jack O’Connor was quoted in an article published by Brewbound, a beer industry publication, regarding the bank auction of Smuttynose Brewery, scheduled to take place in March 2018. Jack was cited for his experience as a corporate restructuring professional with a specific interest in, and knowledge of, the craft beverage industry.
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07/01/2017
Michael Brandess and Jonathan Friedland author cover article in the Law Journal Equipment Leasing Newsletter entitled, “Equipment Lessors and Bankruptcy”
The cover of the July 2017 issue of the Law Journal Equipment Leasing Newsletter includes an article written by Michael Brandess and Jonathan Friedland entitled, “Equipment Lessors and Bankruptcy.” The article discusses key bankruptcy provisions and strategy concerns for equipment lessors once a lessee has filed for bankruptcy.
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08/01/2012
Lenders Given Cause to ReLAX: U.S. Supreme Court Unanimously Upholds Credit-Bidding Rights for Chapter 11 Sales in RadLAX
A discussion from Mark S. Melickian and Jack R. O'Connor in The American Bankruptcy Institute Journal on the implications of the U.S. Supreme Court's recent decision in the RadLAX bankruptcy case on credit bidding.
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Speaking Engagements
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02/10/2021
Jonathan Friedland to moderate “How to Read a Balance Sheet – And Why You Care!" as part of West LegalEdcenter’s 2021 webinar series “MBA BOOT CAMP”
Jonathan Friedland to moderate “How to Read a Balance Sheet – And Why You Care!" as part of West LegalEdcenter’s 2021 webinar series “MBA BOOT CAMP."
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10/27/2020
Financial Poise/West LegalEdcenter webinar "Dealing with Defaults” features SFGH partner Christopher Horvay and associate Hajar Jouglaf
Financial Poise/West LegalEdcenter webinar "Dealing with Defaults” features SFGH partner Christopher Horvay and associate Hajar Jouglaf.
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10/26/2020
Jonathan Friedland to speak at NYIC & IFA Northeast/Southeast Joint Program
Jonathan Friedland to speak at NYIC & IFA Northeast/Southeast Joint Program.
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10/08/2020
SFGH partner Jonathan Friedland to feature on "Restructuring, Insolvency, & Troubled Companies 2020: Bad Debtor Owes Me Money!”
SFGH partner Jonathan Friedland to feature on "Restructuring, Insolvency, & Troubled Companies 2020: Bad Debtor Owes Me Money!”
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05/20/2020
Jonathan Friedland and Michael Brandess to speak at June 23rd virtual symposium entitled “Opportunity Amidst Crisis”
On June 23, 2020, Sugar Felsenthal Grais & Helsinger LLP partners Jonathan Friedland and Michael Brandess will speak at a virtual symposium co-produced by Financial Poise, the Private Directors Association, the New York Institute of Credit, the Association of Insolvency and Restructuring Advisors, amongst others.
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05/11/2020
Michael Brandess to speak on NACM webinar entitled “Putting Yourself in a Defensive Posture When the Bankruptcy Notice Comes”
Michael Brandess to speak on NACM webinar entitled “Putting Yourself in a Defensive Posture When the Bankruptcy Notice Comes”
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05/06/2020
Jonathan Friedland offers insight on best practices for private equity investors looking to invest in distressed assets in “How to Buy Distressed Assets in Financial Restructurings”
On May 21, 2020, renowned corporate restructuring attorney, Jonathan Friedland, will join a panel of seasoned experts in a webinar discussion designed to teach the latest strategies for acquiring distressed assets, financing their purchase, and getting them on the road to recovery.
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04/02/2020
Lisa Vandesteeg to speak on TMA Panel on Market Impacts of COVID-19
On April 6, 2020, Lisa Vandesteeg will serve on a panel of industry experts who will discuss their observations regarding the market impacts of COVID-19. Lisa will provide insight into what further developments might come to fruition over the next few quarters.
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06/13/2012
A Discussion with Professor Douglas Baird
On June 13, 2012, Sugar Felsenthal Grais & Hammer LLP hosted Professor Douglas Baird of the University of Chicago for the monthly luncheon meeting of the Turnaround Management Association Chicago/Midwest Chapter's Certified Turnaround Professionals.
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05/01/1998
Recent Developments in Finance that Every Lender Needs to Know/Recent Developments in Bankruptcy Law
Christopher J. Horvay spoke to an audience comprised mainly of senior lenders with regards to recent Supreme Court cases and Seventh Circuit case law, including recent developments pertaining to letters of credit, fraudulent conveyance, single asset real estate cases and legislative changes.
News
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02/17/2021
Sugar Felsenthal Grais & Helsinger LLP Attorneys Author Thomson Reuters© Lead Bankruptcy & Restructuring Treatises
Sugar Felsenthal Grais & Helsinger LLP ("Sugar Felsenthal") congratulates Jonathan Friedland, Michael Brandess, Christopher Cahill, Etahn Cohen, Hajar Jouglaf, Mark Melickian, and Jack O'Connor on the publication of the 2021 editions of Commercial Bankruptcy Litigation and Strategic Alternatives For And Against Distressed Businesses.
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02/03/2021
Michael Brandess Appointed President-Elect of Turnaround Management Association (Chicago/Midwest Chapter)
Michael Brandess will serve as 2021 President-Elect of the Turnaround Management Association (TMA) (Chicago / Midwest Chapter), and will serve as Chapter President in 2022. TMA has almost 10,000 members in 54 chapters worldwide, with the Chicago / Midwest being its largest chapter. Members come from a multitude of professional disciplines. TMA is considered one of the preeminent organizations in the corporate turnaround and restructuring space.
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In re Kmart Corporation (Bankr. N.D. Ill.). In the largest retail bankruptcy in the nation’s history, a SFGH attorney represented three national financial institutions as indenture trustee and mortgagee in connection with municipal and corporate bonds totaling over $300 million in face value secured by mortgages on approximately one hundred (100) properties spread across 21 states that were occupied by Kmart Corporation or related entities.
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In re Rite Way Mechanical Installations, Inc. (Bankr. D. Minn.). In this matter, SFGH represented a distressed investor which acquired the senior secured debt from a commercial bank during a hotly-contested chapter 11 proceeding. SFGH then managed virtually every aspect of the debtor's going concern liquidation, from conducting the sell-side process with the debtor's investment banker, to negotiating a stalking-horse transaction, and conducting the auction and then ultimately closing the transaction with the winning bidder.
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In re United Air Lines, Inc. (Bankr. N.D. Ill.). A SFGH attorney represented a national financial institution as trustee and collateral agent for an aircraft leasing trust secured by numerous commercial aircraft impacted by the UAL bankruptcy.
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In re Delta Air Lines, Inc. (Bankr. S.D.N.Y.). In the bankruptcy of the world’s largest commercial airline company by fleet size, a SFGH attorney represented a national financial institution as trustee and collateral agent for an aircraft leasing trust secured by numerous commercial aircraft impacted by the Delta bankruptcy.
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In re Northwest Airlines Corporation (Bankr. S.D.N.Y.). In the bankruptcy of the world’s sixth largest commercial airline company prior to its merger with Delta Air Lines, one of our attorneys represented a national financial institution as trustee and collateral agent for an aircraft leasing trust secured by numerous commercial aircraft impacted by the Northwest Airlines Corporation bankruptcy.
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In re FLYi, Inc. (Independence Air) (Bankr. D. Del.). In the bankruptcy of this Washington, DC-based regional air carrier, a SFGH attorney represented a national financial institution as trustee and collateral agent for an aircraft leasing trust secured by numerous commercial aircraft impacted by the Flyi bankruptcy.