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Wolff & Samson PC, Counsellors At Law, NJ: 973-325-1500, NY: 212-973-0572
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BANKRUPTCY & CREDITORS' RIGHTS
 
Our Practice Encompasses
Representative Clients

Wolff & Samson represents clients in all aspects of debtor-creditor relations. Our Bankruptcy, Insolvency and Creditors' Rights group (the "Bankruptcy Law Group") works closely with other attorneys in the firm counselling clients on business, environmental, tax, labor and real estate matters pertinent to reorganization and restructuring plans.
Bankruptcy & Creditors' Rights
Our Practice Encompasses:
  • Counselling creditors, including major commercial banking institutions, by preparing proposals and, if appropriate, instituting litigation to maximize their return and recover collateral
  • Enforcement of security interests, liens and guarantees in federal and state courts
  • Representing financially distressed companies to develop legal strategies, negotiate with creditors and creditor groups, and to formulate reorganization plans, both out-of-court and in Chapter 11 proceedings
  • Representing creditors' committees and trustees appointed under Chapters 7 and 11
  • Acquisitions of stock and assets of corporations in reorganization
  • State replevin actions, complex commercial foreclosures, and pre-judgment writs of execution
  • Representing debtors in reorganization
  • Handling the prosecution and defense of bankruptcy-related litigation, including valuation and cash collateral hearings, motions to vacate automatic stays and contested matters such as adequate protection, transfer avoidance and asset recovery issues


Representative Clients:
Although Wolff & Samson's Bankruptcy Law Group represents clients throughout the United States, it does so principally in the New York metropolitan area, including New Jersey, Delaware, and the Eastern and Southern Districts of New York. The Bankruptcy Law Group, in recent years, has had significant representations in such diverse industries as telecom, healthcare, energy, automotive, minor league sports franchises and banking. Some significant representations include:
  • The Official Committee of Unsecured Creditors in the Velocita Corp. (formerly PF.Net) Chapter 11 reorganization in New Jersey
  • Representation of The Bank of New York, a secured lender, in the O'Brien Environmental Chapter 11 reorganization in New Jersey
  • Representation of national surety clients in the Chapter 11 reorganizations of Enron (S.D.N.Y.), Adesta Communications, Inc. (Colorado), Exodus Communications, Inc. (now EXDS, Inc.) (Delaware), The Grand Union Company (New Jersey), American Tissue, Inc. (Delaware), The Warnaco Group (S.D.N.Y.), Polaroid Corporation (Delaware), Venture Link Holdings (Texas), and RBX Corporation (Virginia)
  • Representation of Thrifty Rent-A-Car System, Inc., in the Acme Auto Leasing Chapter 11 reorganization in Connecticut
  • Representation of Public Service Electric & Gas, Inc., a regional power utility, in the Thermal Systems, Inc., Chapter 11 reorganization in Delaware.
  • Representation of Toys "R" Us, Inc. in the Chapter 11 cases in Delaware of Montgomery Ward, Yes! Entertainment and Valley Media
  • Representation of Missouri Joint Municipal Electric Utility Commission in the Enron bankruptcy in the S.D.N.Y.
  • Representation of PDS Financial Corporation in the Chapter 11 reorganization of Claridge Hotel & Casino in New Jersey
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