Jim Baillie, Ryan Murphy and Sarah Gibbs's article, "Minnesota Constructs Comprehensive Receivership Law," was published in the March 2013 edition of the Journal of Corporate Renewal
Proposed Minnesota Statutes Addressing Receiverships and Assignments for the Benefit of Creditors
Sarah M. Gibbs, November 16, 2010
Protecting Shareholder Value Through the Strategic Use of Chapter 11 Bankruptcy
Todd Taylor and Ryan Murphy presentation, January 8, 2009
Troubled Real Estate Loans in a Down Market - April 30, 2008
There is no substitute for experience when it comes to helping companies in financial distress. At Fredrikson & Byron, our Bankruptcy, Restructuring & Workouts Group has successfully handled over 150 corporate reorganizations – in Minnesota and across the country – and the two senior members of our team have a combined total of more than 70 years of business bankruptcy experience. Behind those reorganizations are many more out-of-court workouts and confidential advice and planning engagements. These representations include services for debtors, creditors, buyers and sellers of distressed assets, receivers and other parties that may be affected by the financial distress of a business.
There is no substitute for experience when it comes to helping companies in financial distress.”
Achieving our client’s goals is about more than legal expertise. It’s about taking time to understand a client’s specific financial and operating concerns, and providing real and practical business solutions and respectful – yet honest – counsel on how to address critical issues. It’s about effective negotiation and advocacy with multiple parties such as lenders and unsecured creditors, and the ability to act quickly and efficiently under challenging circumstances. Finally, it’s about having the skills to generate both primary and alternative options that can help the clients meet their objectives. At Fredrikson & Byron, these are the attributes that set us apart.
For debtor or creditor clients, we provide services in bankruptcy reorganization cases, out-of-court restructuring, workouts of commercial loans, liquidations, debtor-creditor litigation in and out of bankruptcy court, commercial and banking litigation, reclamations, and receiverships and assignments for benefit of creditors.
The Bankruptcy, Reorganization & Workouts Group represents creditors and debtors in diverse industries. Select an industry below to review examples of our recent representations.
- Real Estate/Construction
One of our members was Chair and two others were members of the committee that drafted the new and recently enacted Minnesota statutes governing receiverships and assignments for the benefit of creditors. Group attorneys are very active as members of and leaders in a number of professional insolvency organizations. For example, our attorneys are active in and in some cases held leadership positions in, including the Business Bankruptcy Committee of the American Bar Association Section of Business Law, the American Bankruptcy Institute, the Turnaround Management Association (Upper Midwest Chapter), the Hennepin County Bar Association Debtor/Creditor Section, and the Minnesota State Bar Association, Bankruptcy Section. In addition to holding leadership positions in these organizations, two of our attorney group members are also co-instructors of the Bankruptcy Clinic at the University of Minnesota Law School; one is a nationally Certified Business Bankruptcy Specialist and two are Fellows in the American College of Bankruptcy. Group members are routinely recognized by their peers as “Super Lawyers” and “Best Lawyers in America”.