Unsecured Creditor Representation
Jackson Walker attorneys possess the knowledge, experience, and common sense necessary to efficiently pursue recoveries for unsecured creditors. We regularly represent unsecured creditors, including subordinated debt holders, ad hoc groups, key suppliers, bondholders, institutional investors, and trade creditors, in workouts, bankruptcy proceedings, and non-bankruptcy litigation. Our combination of business insight and bankruptcy experience helps us. independently analyze the optimal approach for our client, including the benefits of cooperative alliances and joint representations in appropriate and mutually beneficial situations. We pride ourselves on our ability to counsel clients on the best individual approach and anticipated outcomes using aggressive, creative, and strategic analyses, while always keeping an eye out for the opportunities for our clients that frequently arise in distressed debt situations.
Areas of Service
- Trade Vendors: JW professionals draw on a depth of experience to assist trade vendors seeking to collect unpaid invoices.
- Lenders: We understand the unique and challenging problems presented by troubled borrowers; including, complex debt issues, syndicated credits, and threats of lender liability.
- Unsecured Creditors in Bankruptcy Proceedings: We frequently represent unsecured creditors under all chapters of the bankruptcy code, and in other insolvency proceedings, with a view toward seeking the best result and recovery. We have represented the smallest and the largest creditors; both individually and through official and unofficial committees. This includes subordinated debt holders, ad hoc groups, key suppliers, bondholders, institutional investors, and trade creditors.
Remedies and Process
The tools we use to serve clients seeking to collect unsecured debt include the following:
- Ancillary remedies: We draw on a wealth of knowledge and experience in using both typical and atypical state and federal collection remedies.
- Receiverships: We have significant experience in receivership proceedings in state and federal court.
- Represented retail energy providers in Chapter 11 cases.
- Represented seismic licensors in exploration and production Chapter 11 cases.
- Represented former spouses in Chapter 11 and Chapter 7 cases involving ex-spouses.
- Represented trade creditors in Chapter 11 and Chapter 7 cases in a large number of varied industries.
- Represented “first day” creditors as well as critical vendors before and during bankruptcy cases.
- Represented creditor clients in claims litigation under section 502 of the Bankruptcy Code, including late-filed and estimated claims.
- Pursued claims for creditors seeking reclamation of goods under Chapter 2 of the Uniform Commercial Code.
- Represented bond holders.
- Represented management and employees.