Bankruptcy & Insolvency
Business or personal matters can present bankruptcy and insolvency challenges that are difficult to navigate for debtors and creditors alike. The longstanding bankruptcy, insolvency and creditors’ rights practice of Coon & Cole is equipped to address the specific circumstances unique to each client, including:
- Business reorganization or liquidation under Chapters 11 or 7
- Pursuit of secured and unsecured claims in Chapter 11
- Workout agreements and assignments for the benefit of creditors
- Foreclosure, confessed judgments and post-judgment enforcement
Coon & Cole has its roots in the practice of bankruptcy law and creditors’ rights, and has built a reputation as a leading bankruptcy law firm since 1991. Its attorneys have extensive experience in representing clients who need to avail themselves of the protection provided by Chapter 11, as well as Chapters 7 and 13, of the U.S. Bankruptcy Code. The firm also routinely and aggressively represents both secured and unsecured creditors.
For years, Coon & Cole has assisted businesses and individuals who are struggling to keep up with their debts and who need a chance to catch their breath and obtain relief from their creditors. If possible, the firm helps clients work out their financial difficulties without the need for filing bankruptcy. It provides advice on minimizing liabilities, exemption planning and asset protection. It can help clients negotiate with their creditors and defend against claims that may threaten the client’s solvency or financial stability.
The firm navigates businesses through the complexities of Chapter 11 bankruptcy reorganization proceedings, from start to finish. Its attorneys have served as counsel for many successful business reorganizations, including hotels, trailer parks, ski resorts, apartment buildings, government contractors, service businesses, retail businesses and non-profits. The firm also assists businesses with liquidation through Chapter 7 bankruptcy proceedings.
The firm routinely represents individuals who need to file for bankruptcy under Chapter 7, 11 or 13, with the goal of truly obtaining a financial fresh start.
Coon & Cole has extensive experience in representing both secured and unsecured creditors, in and out of bankruptcy. Its services include demand letters, commercial litigation, foreclosure, receivership, confessed judgment and post-judgment enforcement.
In the bankruptcy arena, the firm represents creditors in such ordinary matters as file proofs of claims and attending 341 meetings of creditors, as well as in case-specific litigation concerning the debtor’s use of cash-collateral, assumption or rejection of executory contracts (including leases), negotiation of reorganization plans, objection to disclosure statements or confirmation. The firm’s attorneys have litigated adversary proceedings for fraudulent conveyances, discharge and dischargeability claims, as well as hundreds of preference actions.
Coon & Cole has a reputation for professionalism with the Bankruptcy Court, the Office of the United States Trustee, and the Chapter 7 and Chapter 13 trustees. The firm’s attorneys are active with the Bankruptcy Bar Association and Local Rules Committee.