Representation of Debtors

Orrick lawyers have extensive experience representing publicly held and privately owned debtors in the restructuring of their indebtedness and stock interests, both inside and outside of bankruptcy cases.  We work with debtors' boards of directors, management and financial advisors to develop strategies to implement state-of-the-art reorganization plans, and guide and advocate for the debtor through the reorganization and workout process. 

We have served as bankruptcy counsel for manufacturers, distributors, retail chains, health care maintenance organizations, airlines and financial services companies in complex reorganization proceedings throughout the world.  The attorneys in our group have negotiated and litigated to confirmation plans of reorganization in numerous cases, including some of the most successful technology, asbestos and transportation cases.

Some significant debtor matters and cases that our lawyers have handled include the representation of:

• MacArthur Company and Western MacArthur Company, in resolving approximately $6 billion of asbestos claims through a trust without diluting shareholders.
• D. F. Antonelli, Jr., an individual real estate developer, with more than 150 partnership interests and over $1 billion in debt.
• Philippine Airlines, the oldest Asian airline, in adjusting approximately $2.5 billion of debt, including the representation of the airline in an ancillary proceeding in the United States. 
• Shook & Fletcher Insulation Co. in one of the first successful prepackaged asbestos-related Chapter 11 cases.
• Siliconix Inc. in the Chapter 11 case of this publicly traded pioneer chipmaker in Silicon Valley, in which all operations were preserved.
• Ardent Communications, Inc. and certain affiliated companies that provided high-speed Internet access to hospitality and multifamily properties, in the negotiation, implementation and confirmation of a Chapter 11 plan of liquidation. 
• CreditTrust Corporation, an information-based purchaser, collector and manager of defaulted consumer receivables, in the confirmation of its plan of reorganization. 
• InterBank Funding Corp. and certain of its subsidiaries that had acquired and pooled distressed financings of real estate, businesses and other hard assets, in their Chapter 11 case. 
• IRM Corporation and several of its affiliates in a Chapter 11 reorganization, resulting in the preservation of equity for investors. 
• New World Networks Ltd. and certain of its affiliates in a public consensual, nonjudicial restructuring of debt and other claims and interests.
• The Boyds Collection, Ltd. in the Chapter 11 cases of affiliated companies that are leading designers, marketers and distributors of high-quality, hand-crafted collectibles, gifts and other specialty products.
• Net-tel Communications, Inc. as special counsel to this telecommunications company in its Chapter 11 case, which included the negotiation and sale of assets.
• NX Networks, Inc., a provider of voice and data telecommunications solutions to carriers, Internet service providers and wireless telephone service providers, in the sale of substantially all of its assets and in the negotiation, implementation and confirmation of its Chapter 11 plan of liquidation.
• TalkingNets, Inc. and TalkingNets Holdings, LLC in the Chapter 11 cases of these affiliated companies that provide packet-based telephone services, voice applications and dedicated T-1 Internet access to small- and mid-sized businesses.
• Waxman Industries, Inc., a plumbing parts manufacturer, in the negotiation, implementation and confirmation of a prepackaged Chapter 11 plan of reorganization.
• Zephion Communications, Inc. as bankruptcy counsel to this telecommunications company.
• P. T. Mayora, an Indonesian agricultural company, in restructuring its U.S.-dollar-denominated debt.
• Great Lakes Pulp & Fiber Company, a major U.S. pulp manufacturer, in a prenegotiated Chapter 11 reorganization.