Bankruptcy, Workout and Loan Restructuring
The Bankruptcy, Workout and Loan Restructuring practice group at Fabyanske, Westra, Hart & Thomson, P.A. focuses on representing secured creditors, landlords, equipment lessors and vendors in a variety of distressed credit situations. Our experience in this area enables us to provide comprehensive, timely and effective advice in helping our clients navigate through the complex world of bankruptcy, litigation and workout negotiations. Our clients benefit not only from our focused approach but from our unique ability to quickly and efficiently address credit problems as they arise in the context of negotiation, litigation or bankruptcy.
Focused Approach
Rather than attempting to provide all types of bankruptcy-related services to all types of clients, the Bankruptcy, Workout and Loan Restructuring practice group focuses on representing secured creditors, equipment lessors, landlords and vendors. Focusing our practice in this manner allows our attorneys to gain substantial familiarity with the issues and problems such parties face. This familiarity allows our attorneys to effectively avoid and quickly respond to reoccurring problems that they face. It further gives our attorneys the breadth of knowledge necessary to develop creative solutions to new and difficult situations. This permits our group to provide cost-effective representation to our clients.
Understanding the Client's Business
Our attorneys pride themselves on not only knowing the law but also knowing our client's business. Bankruptcy litigation and workout negotiations are fast-paced and involve constantly changing circumstances. As a result, it is critical for a lawyer to understand the intricate workings of a client's business in order to provide effective advice in these situations. Our familiarity with the wide range of financial arrangements and market issues our clients face allows us to quickly come to terms with the particular financial arrangement at issue in any given case.The Bankruptcy, Workout and Loan Restructuring practice group has extensive experience with the following types of lending arrangements and lenders:
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Examples of Engagement
The attorneys of the Bankruptcy, Workout and Loan Restructuring practice group have been involved in a wide range of bankruptcies and workouts across the country. The following list provides examples of the types of cases in which the group has been involved over the past few years:
| Case | State | Client |
| MBC Holding Company | Minnesota | Secured lender |
| Progressive Dairies of Georgia | Minnesota | Secured lender, equipment lessor |
| Hoff Jewelers | Minnesota | Secured lender |
| Excelsior-Henderson | Minnesota | Equipment lessor |
| Northern Auto Enterprises | Minnesota | Secured lender |
| STI Plastics | Minnesota | Secured lender/equipment lessor |
| MagStar Technologies | Minnesota | Secured lender |
| Granite City Delivery | Minnesota | Secured lender |
| Factory Card Outlet | Delaware | Landlord |
| Ameriserv | Delaware | Landlord |
| Kidron | Florida | Vendor |
| Carmike | Delaware | Landlord |
| Maidenform | New York | Construction vendor |
| Endicott Johnson Corp. | New York | Construction vendor |
| USMX of Alaska, Inc. | Colorado | Construction vendor |
| Velocita | New Jersey | Construction vendor |
| MetroMedia Fiber Networks | New York | Construction vendor |
| Enron | New York | Construction vendor |
| WorldCom | New York | Construction vendor |
| 360 Networks | New York | Construction vendor |