Dennis Drebsky is a partner in the Restructuring group of Nixon Peabody with more than 40 years of experience counseling both debtors and creditors as well as participating in complex bankruptcy and commercial litigation.
What do you focus on?
Today my practice focuses on representing debtors, creditors and trustees in diverse industries, including health care and natural resources, both in out of court work-outs as well as in court proceedings. Most recently, my team represented a cutting edge health care corporation in a successful out of court restructuring involving several levels of debt and equity.
I also have significant experience in mass tort bankruptcies as far back as the Johns-Manville, A.H. Robins and Dow Corning cases and most recently the Plant Industries and Thorpe asbestos related bankruptcies.
What do you see on the horizon?
I see many cases filed with a potential Sec. 363 sale with a bidder in place and purchase agreement pre-negotiated. These trends put a premium on doing your homework and being up to speed at an earlier point in time than previously. When an entity is in distress, a proactive approach is essential and the formulation of a realistic exit strategy is critical, often making the difference between success or failure.