Financial Restructuring & Bankruptcy

Overview

Nixon Peabody has the experience handling the legal aspects of financial insolvency, bankruptcy restructuring, and business insolvency. Our team of restructuring lawyers is well-versed in assisting clients in various industries, including energy, manufacturing, finance, and commerce, as well as diverse real estate development projects.

Our team advises on the purchase of assets from debtors and guides our clients through the entire transaction process—from due diligence to closing. We advise, both official and unofficial, creditors’ committees and debtors in restructuring law matters, complicated business reorganizations, restructurings, bankruptcy proceedings, and bankruptcy-related financings.

Our experience extends to facilitating the acquisition of assets from debtors, ensuring a smooth and legally sound transition. Whether you require the assistance of an insolvency lawyer or a restructuring attorney, our dedicated team is here to assist you in navigating the complexities of insolvency administration and achieving favorable outcomes in your restructuring and bankruptcy cases.

Representative experience

• LRG Healthcare in its bankruptcy and sale to Concord Hospital. Additional details pending Wind Down Committee approval
• Seisenbacher Inc., a designer and manufacturer of mobility-focused interior designs for the rail and transportation industry, as they seek relief under Chapter 11 of the United States Bankruptcy Code
• smarTours, a tourism operator and travel company, in a 60-day Chapter 11 restructuring and debt-for-equity swap
• Ezenia! Inc. as debtor’s counsel to effect a balance sheet restructuring of a software development company and the preservation and maximization of its pre-bankruptcy net operating losses
• Old Cold, LLC as debtor’s counsel in a sale of substantially all of its assets of a textile manufacturing and development company in a hotly contested sale process, which led to several appeals to the First Circuit and one to the U.S. Supreme Court.
• Energy Investors Fund, leading the bankruptcy advice and strategy regarding the restructuring of hydro power facility in the case of Dan River Inc. (DE) on behalf of an EIF portfolio company
• Wachusett Ventures LLC, a skilled nursing operator in Massachusetts and Connecticut, through its financial distress due to macroeconomic and industry-wide economic issues impacting the skilled nursing industry
• An unsecured bond trustee in connection with $1.8 billion debt in the bankruptcy cases of Energy Future Holdings Corp. and 70 of its affiliates in the Delaware Bankruptcy Court
• Lawrence + Memorial Hospital in the acquisition of the Westerly Hospital and its various affiliates, including two physician practice companies and an energy company

Recognition

• Ranked in Chambers USA for Bankruptcy/Restructuring in Massachusetts.
• Nixon Peabody has been named a Tier 1 National firm for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law in the 2024 edition of Best Law Firms®.