Bankruptcy & Creditors' Rights

We consult with business owners, trade creditors and vendors covering a wide range of industries and financial institutions. We are regularly engaged by clients seeking assistance in corporate restructuring and reorganization of their businesses, including bankruptcy, creditor’s rights and tax disputes.

Case Study

Issue: Client’s family company was liquidated in bankruptcy, and he created a new company to continue the business. He and the new company were sued by an unpaid multi-million dollar creditor of the old company, who alleged that they were liable as “successors” for the old debt.

Solution: Having lost twice at the trial court level by its two former law firms, the client turned to us for relief. We prepared and filed a well-supported and well-argued memorandum of law to convince the trial court to dismiss the lawsuit, which it did.

Result: On appeal to the United States Sixth Circuit Court of Appeals, the dismissal of the case was affirmed and the Court’s published decision now stands as important legal precedent on the issue of whether a successor company can be held liable for the debts of the predecessor company.