Home > Practice Areas > Bankruptcy, Restructuring, & Creditors’ Rights
Drummond Woodsum’s bankruptcy, restructuring, and creditors’ rights attorneys specialize in both litigation and transactions involving distressed commercial matters. They help clients from the first sign of trouble through the most complex financial restructuring or Chapter 11 case, achieving exceptional results both in the courtroom and at the negotiating table.
Drummond Woodsum’s bankruptcy attorneys are regularly recognized by Chambers USA and Best Lawyers as among the most respected in the region. They have extensive experience representing parties in all aspects of chapter 11 cases, including financial institutions, bondholders, official and ad hoc creditors’ committees, asset purchasers, trustees, DIP lenders, directors/officers, and debtors. They also regularly represent parties in chapter 7, 12, and 13 cases, as well as bankruptcy litigation matters involving preferences, fraudulent transfers, director/officer claims, and appellate matters.
Representative bankruptcy matters handled by our attorneys include:
In Maine: Chase Custom Home & Finance (senior lender/DIP lender); Stored Solar Enterprises (official committee); Calais Regional Hospital (official committee/liquidating trustee); Sure Winner Foods (official committee); Lincoln Paper & Tissue (official committee/liquidating trustee); Penobscot Valley Hospital (senior lender); Montreal, Maine & Atlantic Railway (asset purchaser); Great Northern Paper Co. I & II (trustee); Parkview Adventist Medical Center (senior lender/litigation party); Northeast Wireless Networks (debtor); Red Shield Acquisition (debtor).
In New Hampshire: Prospect-Woodward Home (major creditor/litigation party); LRGHealthcare (official committee/liquidating trustee); Sanctuary Care (senior lender/DIP lender); GT Advanced Technologies (ad hoc committee/DIP lender/liquidating trustee); Trikeenan Tileworks (asset purchaser); Fred Fuller Oil & Propane (insurer); Kingsbury Corp. (asset purchaser).
In Massachusetts: IDL Development (IP licensor/litigation party); Corbett Development (litigation party)
In Vermont: Plastic Technologies of Vermont (official committee/trustee); Anichini Hospitality (debtor); Utility Risk Management (debtor)
In Delaware: RAIT Financial (equity holders); Great Northern Paper Co. II (petitioning creditors); NewPage Corp. (trade creditors/litigation parties); Sports Authority Holdings (consignor of goods/litigation party); Verso Paper Co. (trade creditors/litigation parties); ONE Aviation (landlord)
In the Southern District of New York: Fairpoint Communications (state regulator); Lehman Bros. Holdings (indenture trustee); Qubuecor World (litigation parties); Vivaro Corp. (litigation party)
Restructuring & Creditors’ Rights
Drummond Woodsum’s attorneys are highly experienced in the areas of restructuring and creditors’ rights. They regularly represent financial institutions, borrowers, and other parties in out-of-court debt restructurings, receiverships, foreclosures, and distressed asset and loan purchases/sales. They also have expertise in all manner of debtor/creditor litigation, including fraudulent transfers, commercial collections, statutory lien actions, unwinding leveraged buyouts, and both prosecuting and defending breach of fiduciary duty claims.
Practice Group Leader
Jeremy R. Fischer Attorney
Bankruptcy, Restructuring, & Creditors’ Rights
November 04, 2022
Key Bankruptcy Reforms In Reach, Whoever Wins Congress
January 06, 2022
Drummond Woodsum Announces New Shareholders and Senior Consultants
November 18, 2021
Drummond Woodsum Named Among Best Law Firms by Best Lawyers for 2022
November 15, 2021
Drummond Woodsum Grows to be the Second Largest Law Firm in Maine
August 19, 2021
Fifty Four Attorneys Recognized by Best Lawyers
May 08, 2019
Drummond Woodsum Welcomes Attorney Kellie Fisher
August 16, 2018
Best Lawyers in America Recognizes 33 Drummond Woodsum Attorneys
October 01, 2015
GTAT: Noninsider Retention Plans Subject to Heightened Scrutiny
September 01, 2014
“Bankruptcy Remote” Does not Mean “Bankruptcy Proof”
April 01, 2011
A Bankruptcy Submission Hold