Hallstrom, Klein & Ward, LLP assists both debtors and creditors with bankruptcy filings, preference actions, contested matters, and with other bankruptcy and insolvency issues.  These insolvency related litigation matters include fraudulent transfer actions, the appointment of receivers, lender liability cases, use of cash collateral matters, valuation and "cramdown" issues, and the repossession and disposition of assets by secured lenders.  We also represent clients in restructurings and out of court workouts.

Our firm’s attorneys provide a wide range of services to the stakeholders of ailing businesses.  Besides the debtor, these parties-in-interest include the debtor’s officers and directors, creditor committees, landlords, lessors of equipment, shareholders, and secured lenders.  As an example of the aggressive role we take in representing our clients, the firm’s managing partner served as the Chairman of the Clothestime Creditor Committee.

We recognize that to successfully represent clients in these difficult situations, expertise in ancillary areas of law is necessary.  We have experience litigating director liability issues of insolvent companies, and can adequately advise boards and individual directors on the proper exercise of their responsibilities when their fiduciary duty shifts due to insolvency.  Because of our strong intellectual property practice, we are well positioned to deal with technology licensing in bankruptcy and pre-bankruptcy restructurings, and to craft agreements to minimize complications due to bankruptcy.  The depth of our real estate experience is a resource we draw on when representing landlords or in dealing with other real estate issues in bankruptcy proceedings.  Our strong commercial transaction practice benefits our clients that purchase assets of distressed companies, because we are very familiar with the difficult fraudulent transfer issues involved.

The seasoned professionals in our different practice areas work together as a team to help our clients when they face challenges that arise from an ailing business.  Our multidisciplinary approach provides us with strong resources to help our clients achieve the outcome they desire.  Our litigation experience enables us to minimize our client’s exposure to claims when we help them structure transactions.  We strive to provide cost-effective service to our clients, so we have invested in state of the art information technology to increase our efficiency and keep our costs low.

For additonal information, visit our bankruptcy website.

Hallstrom, Klein & Ward, LLP
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