Both financial litigation in nonbankruptcy forums and formal bankruptcy proceedings impose delay, undue expense and a lack of certainty for both creditors and debtors alike. This is particularly true when contrasted with the results which can be obtained by means of nonbankruptcy negotiations and workouts.
The nonbankruptcy negotiation and workout tool box involves a host of creative solutions and compromises which can oftentimes simultaneously advance the agendas of both creditors and debtors. The attorneys of the Rose Law Group have mastered to art of nonbankruptcy negotiations and workouts in a host of different industries and real estate categories.
This tool box does not exist in a vacuum but rather is a starting point on the spectrum of the continuum of sophisticated creditor-debtor relations. Success at this level oftentimes provides a host of benefits for all sides in contrast to situations which slip into litigation or full blown bankruptcy proceedings.
Because of the extensive experience of the Rose Law Group team members over the course of time in the entire range of the creditor/debtor continuum, clients of the firm can be assured that if nonbankruptcy negotiations and workouts fail, the clients of the firm do not have to worry about having to switch lawyers in midstream if circumstances change.
The members of the Rose Law Group who work in this truly multidisciplinary legal area include accomplished transactional and tax planning lawyers, experienced litigators and state and nationally certified specialists in creditors’ rights, bankruptcy and business bankruptcy specialties.
On Our Team
In The News
By Howard Meyers, Rose Law Group Of Counsel If your business has $7,500,000.00 or less in debt, it is a candidate for a Chapter 11 filing under Subchapter V of the Small Business Reorganization Act. The $7,500,000.00 debt ceiling excludes debts that are contingent (e.g., a claim based on a guarantee of another’s debt that is not in default)
Potential stimulus bill could allow companies in bankruptcy to pursue PPP loans… says Rose Law Group attorney Dan Gauthier
By Andi Medici | Washington Business Journal Small businesses that have filed for bankruptcy, or nearing that step, might get their own shot at a Small Business Administration Paycheck Protection Program loan under a stimulus provision being debated in Congress. The proposal, filed as part of broader stimulus measures last week by Sens. Marco Rubio, R-Fla., and Susan Collins, R-Maine,