Our Clients
We represent small and large companies, focusing on commercial debtor and creditor issues, with an emphasis on Chapter 11 bankruptcy cases and out-of-court workouts and restructurings.
Client Studies
USTel, Inc
UStel was a publicly-traded long distance reseller financed by Goldman Sachs Credit Partners L.P., to whom UStel owed approximately $25 million. We worked with UStel to negotiate DIP financing prior to filing its Chapter 11, then worked with Goldman Sachs and various carriers to complete a sale of UStel’s assets under Section 363 of the Bankruptcy Code. The sale allowed for distribution of funds to the secured lenders as well as a substantial distribution to the unsecured creditors.