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  • Over 30 years experience. Results-oriented focus. Creative solutions.

Out-of-Court Workouts and Corporate Restructuring

Workout and Restructuring Matters

Filing for bankruptcy can be prohibitively expensive and doom a company to liquidation, especially in light of the magnitude of administrative expenses typically associated with commercial chapter 11 cases.  It is often sensible for a troubled company and its largest creditors avoid protracted litigation by negotiating an out-of-court restructuring that helps preserve the company’s chances of survival while satisfying the creditors’ concerns.  Mr. Rubin has represented both troubled companies and lenders in out-of-court workouts of distressed debt, including:

Conveyor Equipment Manufacturer – Out of Court Wind-Down: Rubin LLC represented a manufacturer of conveyors for the dairy industry in an out-of-court liquidation, including a peaceful possession agreement and equipment auction.

Automotive Electronics Distributor – Workout: Representation of an automotive electronics distributor in the successful negotiation of a forbearance agreement with its secured lender.

Diagnostic Testing Company – Restructuring: Representation of a diagnostic testing company in restructuring its outstanding debentures.

Telecommunications Company – Out of Court Wind-Down: Representation of a mobile virtual network operator (MVNO) with respect to the wind-down of its operations and negotiated settlements with numerous creditors.

Refuse Collection Vehicle Manufacturer: Represented company in connection with restructuring of its secured debt so as to improve its liquidity.

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