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    1. Home
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    5. Financial Restructuring & BankruptcyCorporate & Finance

    Financial Restructuring & Bankruptcy

    Representing clients, creditors, and investors in workouts, bankruptcies, and restructurings in and out of court for all major industries.

    Overview

    We execute workouts and bankruptcies of energy, manufacturing, financial, and commercial businesses of all kinds, and a wide variety of real estate developments. 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 complicated business reorganizations, restructurings, bankruptcy proceedings, and bankruptcy-related financings.

    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

    • Nixon Peabody has been named a Tier 1 National firm, and a First Tier firm in Boston and Rhode Island, by U.S. News – Best Lawyers® “Best Law Firms” in 2023 for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law.

    Our Team

    See Full Team
    • Richard C. Pedone

      Partner / Team Leader, Bankruptcy & Financial Restructuring
      • Boston
      • Office:617.345.1305
      • rpedone@nixonpeabody.com
      Richard C. Pedone
    • Victor G. Milione

      Partner
      • Boston
      • Office:617.345.1215
      • vmilione@nixonpeabody.com
      Victor G. Milione
    • R. Scott Alsterda

      Counsel
      • Chicago
      • Office:312.977.9203
      • rsalsterda@nixonpeabody.com
      R. Scott Alsterda
    • Christopher M. Desiderio

      Counsel
      • New York
      • Office:212.940.3085
      • cdesiderio@nixonpeabody.com
      Christopher M. Desiderio
    • Christopher Fong

      Counsel
      • New York
      • Office:212.940.3724
      • cfong@nixonpeabody.com
      Christopher Fong
    • Louis J. Cisz, III

      Partner
      • San Francisco
      • Office:415.984.8320
      • lcisz@nixonpeabody.com
      Louis J. Cisz, III
    See full team

    Insights And Happenings

    • Press Release

      2023 U.S. News – Best Lawyers® “Best Law Firms” ranks 24 Nixon Peabody practices as National Tier 1

      Nov 3, 2022
    • Alert

      What happens in the event of the insolvency of a cryptocurrency business conducted through a “bank”?

      June 10, 2022
    • Press Release

      Nixon Peabody attorneys, practices recognized by Chambers USA

      June 1, 2022

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