Knowledge of laws that govern or adjust the rights and obligations of parties to commercial transactions is an integral part of assessing any significant undertaking. This is particularly true for all parties (whether creditor, landlord, tenant, debtor, buyer or seller) involved with a distressed business or property. Our lawyers represent lenders and borrowers in workouts (from pre-negotiation agreements to implementation of a workout plan), purchasers of assets from impaired enterprises, and secured creditors seeking to realize on their collateral by foreclosure or other means. This representation of creditors and purchasers includes bankruptcy proceedings in the event the borrower or seller seeks protection under the bankruptcy laws. With rare exception, the firm’s practice does not extend to representing debtors in bankruptcy.