Drummond Woodsum Attorneys at Law

Portland, ME        207.772.1941
Portsmouth, NH        603.433.3317
Manchester, NH        603.716.2895
Lebanon, NH        603.448.2221
800.727.1941

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BANKRUPTCY, RESTRUCTURING, & CREDITORS' RIGHTS

 



PRACTICE GROUP LEADER

Jeremy R. Fischer
207.253.0569 Direct
jfischer@dwmlaw.com

RELATED PROFESSIONALS

Benjamin E. Marcus

Jeffrey T. Piampiano

Julia (Greenleaf) Pitney

David S. Sherman

Timothy E. Steigelman

Kellie W. Fisher


BANKRUPTCY, RESTRUCTURING, & CREDITORS' RIGHTS

PRACTICE GROUP LEADER SMALL

Jeremy R. Fischer
207.253.0569 Direct
jfischer@dwmlaw.com

RELATED PROFESSIONALS

Benjamin E. Marcus

Jeffrey T. Piampiano

Julia (Greenleaf) Pitney

David S. Sherman

Timothy E. Steigelman

Kellie W. Fisher



Drummond Woodsum’s extensive bankruptcy, restructuring, and creditors' rights practice means that clients will find attorneys ready, willing, and able to undertake efficient and immediate action in any distressed commercial situation. We pride ourselves on providing practical advice to our clients in northern New England and across the country from the first sign of distress through the most complex chapter 11 bankruptcy.

Bankruptcy
 
Drummond Woodsum’s bankruptcy attorneys are among the best in northern New England, and we handle bankruptcy matters for our clients regionally and across the country, including the federal bankruptcy courts for the Districts of Maine, New Hampshire, Vermont, Delaware, and the Southern District of New York. We have extensive experience representing parties in chapter 11 bankruptcy cases in matters involving stay relief, cash collateral, DIP financing, 363 sales, plan confirmation, and claims objections. Our clients include secured and unsecured creditors (including official and ad hoc committees), asset purchasers, trustees and liquidating trustees, DIP lenders, contract counterparties and lessees/lessors, directors/officers, and insurance companies. We also regularly represent parties in all aspects of chapter 7, 12, and 13 cases, as well as bankruptcy litigation matters involving preferences, fraudulent transfers, and director/officer claims, and appellate matters.

Representative bankruptcy matters handled by our attorneys include:
 
In Maine: Lincoln Paper & Tissue Co. (official committee of unsecured creditors); Montreal, Maine & Atlantic Railway (asset purchaser, insurer, and litigation defendants); Great Northern Paper Co. I & II (chapter 7 trustee); Parkview Adventist Medical Center (senior lender and litigation defendant); Penobscot Valley Hospital (senior lender); P.E. O’Halloran Inc (senior lender); Harmon Tire Inc (senior lender); Maine Textiles (senior lender); 32 Thomas St LLC (senior lender); Circle 9 Cattle Co (senior lender); Bucksport Generation (litigation defendant); Getchell Agency (senior lender); Irving Tanning Co. (asset purchaser); New England Building Materials (official committee of unsecured creditors and liquidating trustee); Northeast Wireless Networks (debtor); Red Shield Acquisition (debtor); Red Shield Environmental (DIP lender); Vital Basics (official committee of unsecured creditors)
 
In New Hampshire: Sanctuary Care (senior lender and DIP lender); GT Advanced Technologies (ad hoc committee of senior lenders and DIP lenders); Ezenia! (reorganized debtor); Trikeenan Tileworks (asset purchaser); Fred Fuller Oil & Propane (insurer); Latva Machine (insurer); Kingsbury Corp. (asset purchaser)
 
In Massachusetts: IDL Development (IP licensor); Corbett Development (litigation defendant)
 
In Vermont: Plastic Technologies of Vermont (official committee of unsecured creditors and chapter 7 trustee); Utility Risk Management (debtor)
 
In Delaware: Great Northern Paper Co. II (petitioning creditors); NewPage Corp. (trade creditors and litigation defendants); Sports Authority Holdings (consignor of goods and litigation defendant); Verso Paper Co. (trade creditors and litigation defendants); ONE Aviation (landlord and equity holders)
 
In the Southern District of New York: Fairpoint Communications (state regulator); Lehman Bros. Holdings (indenture trustee); Qubuecor World (litigation defendants); Vivaro Corp. (litigation defendant) 


Restructuring & Creditors' Rights
 
Drummond Woodsum’s attorneys are highly experienced in the areas of restructuring and creditors' rights. We regularly represent commercial lenders and borrowers in Maine, New Hampshire, Vermont, and Massachusetts in out-of-court workouts, business reorganizations, loan restructurings, and distressed loan sales. We have expertise in all manner of debtor/creditor litigation, including foreclosures, distressed asset sales, statutory liens, commercial collections and appellate matters. Our attorneys are also highly skilled in less common areas of commercial practice, such as the law of fraudulent transfers, equity receiverships, directors’ and officers’ fiduciary duties in the context of an insolvent business entity, involuntary bankruptcy proceedings, and unwinding complex leveraged buyouts.

Bankruptcy and Debtor/Creditor Litigation
 
Drummond Woodsum’s trial attorneys represent debtors and creditors in bankruptcy proceedings, and in federal and state litigation spawned by credit-related disputes. Our attorneys have a comprehensive understanding of bankruptcy and insolvency issues, and they use that expertise in advising clients on the most efficient and effective way to resolve debtor-creditor issues, from out-of-court workouts to proceedings in state and federal courts. Our attorneys also have deep experience prosecuting and defending related appeals in the United States District Courts, the First Circuit Bankruptcy Appellate Panel, the First Circuit Court of Appeals, and the Maine Supreme Judicial Court.


NEWS

Drummond Woodsum Welcomes Attorney Kellie Fisher
May 8, 2019

Drummond Woodsum attorney Jeremy Fischer Represents Mortgage Holder in Portland West End Condo Foreclosure
February 20, 2019

Best Lawyers in America Recognizes 33 Drummond Woodsum Attorneys
August 16, 2018

ABI 2018 Most Important Bankruptcy Cases Every
July 12, 2018


ARTICLES

Drummond Woodsum Challenges Disincorporation in Bankruptcy
October 30, 2017

Freer and Clearer Sales: Using § 363(f) to Strip Non-Traditional Interests from Distressed Assets
September 16, 2017

Protecting Present Value: Do Extended Plan Payments Require Periodic Adjustments to the Till Cramdown Interest Rate?
July 16, 2017

Bankers Beware: Post-Discharge Guaranty Might Be an Invalid Reaffirmation Agreement that Violates Discharge Injunction
May 2, 2017


PRESENTATIONS

Navigating Financial Stress in the Healthcare Industry
November 8, 2018

American Bankruptcy Institute Northeast Bankruptcy Conference
July 12, 2018

American Bankruptcy Institute Annual Spring Meeting
April 20, 2018

Bankruptcy Changes in a Changing Bankruptcy Landscape
September 18, 2017





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