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Practices

Business Reorganization and Restructuring

When a business suffers a downturn, whether because of a general economic slowdown or industry or company-specific issues related to its management or operations, lenders often become nervous about its financial prospects and may attempt to obtain concessions such as additional collateral, principal guarantees, or concessions in payments or interest rate.

Brouse attorneys are highly-accomplished in refinancing restructurings and out-of-court workouts representing primarily borrowers.  We have assisted clients in restructuring both secured and unsecured bank debt and have also represented clients in negotiations with other creditor groups, including trade creditors, bondholders, landlords, and labor unions.

Our attorneys have considerable experience in representing both lenders and borrowers in workout negotiations.  The ultimate goal in these situations is to preserve the business and maximize its operations for the benefit of its shareholders and other creditor groups.  Utilizing experienced counsel in addressing bank and loan workouts is critical to ensuring that the workout does not develop into a prelude to the liquidation or closing of the business.