THE RISING NEED FOR BANKRUPTCY EXPERTISE

| May 27, 2020 | Firm News |

As our society continues to react and respond to the ever-evolving coronavirus pandemic, experts are predicting a wave of corporate chapter 11 bankruptcy filings as businesses, small and large, struggle to survive. Compounding these economic issues, media outlets and experts have noted a shortage of experienced and skilled bankruptcy professionals available to handle this new wave of bankruptcies. Here at LimNexus, we are pleased to highlight that we have a strong bench of bankruptcy professionals, specializing in chapter 11 bankruptcy, out-of-court restructurings, foreclosure actions, receiverships, and assignments for the benefit of creditors. Our bankruptcy representations cross nearly all business sectors, including the technology, entertainment, financial, private equity, hedge fund, public utility, oil & gas, retail, eyewear, airline, transportation, and real estate industries. By way of example, LimNexus was recently co-counsel to the largest creditor in the chapter 11 case of Seadrill Limited before the U.S. Bankruptcy Court for the Southern District of Texas.

LimNexus is presently advising clients in the following recent, high-profile retail chapter 11 proceedings across the nation:

  • J. Crew
  • JCPenney
  • Forever 21
  • True Religion
  • Gymboree
  • Destination Maternity

During this time of crisis, whether a creditor or debtor, we remain readily available to assist our clients in making crucial and time-sensitive business decisions in light of this continually evolving situation. A proactive, well-planned, and implemented strategy will generally produce a better result, which is true whether one is a creditor or a debtor. We encourage you to reach out to our bankruptcy professionals to discuss alternatives and strategies for success based on your unique circumstances. For assistance, contact either James E. Till ([email protected]), Sung Jin Hwang ([email protected]), or David Nealy ([email protected]).