Togut, Segal & Segal “has managed to deliver a spectacular result for these estates through a lot of hard work, and hard work that I would also note is done in an efficient and a professional manner.”
Hon. Shelley C. Chapman, U.S. Bankruptcy Court for the Southern District of New York
In re Aurora Commercial Corp., Case No. 19-10843 (SCC) (Bankr. S.D.N.Y. May 27, 2020)

Togut, Segal & Segal’s services are a “textbook example” of how bankruptcy projects should be handled in a timely and cost-efficient manner.
Hon. Robert E. Gerber (ret.), U.S. Bankruptcy Court for the Southern District of New York
In re PLVTZ, Inc., Case No. 07-13531 (REG) (Bankr. S.D.N.Y. Dec. 16, 2010)

“The Togut Firm managed its work well and staffed it tightly with timekeepers with appropriate experience and billing rates.  It handled every type of bankruptcy matter very efficiently as attested by the . . . favorable dollars-recovered-to-fees-billed-ratio.”
Recommendation and Advisory Report of the Enron Fee Committee on the Final Compensation of Togut, Segal & Segal LLP

“I was very happy with the way you tried to build consensus in this case . . . and that you were able to get this case to go through Chapter 11 very smoothly.”
Hon. Robert E. Gerber (ret.), U.S. Bankruptcy Court for the Southern District of New York
In re Loehmann’s Holdings Inc., Case No. 10-10677 (REG) (Bankr. S.D.N.Y. June 2, 2011)

Our Firm

  • Togut, Segal & Segal is a highly specialized “boutique” law firm with a national reputation for excellence in bankruptcy, corporate reorganization, fiduciary representatives, and creditors’ rights.
  • Established in 1980, the Togut Firm has extensive expertise in representing Chapter 11 debtors, creditors’ committees, retiree committees, secured and unsecured creditors, and trustees, having served as court-approved counsel in hundreds of cases.

Our Promise

  • Our clients have our undivided loyalty – unlike firms with a massive client base, the Togut Firm has chosen to refuse to represent regular retainer clients (such as banks, investment funds, and other large financial institutions) to maintain our strict independence.
  • For decades, the Togut Firm’s cost-effective excellence in bankruptcy has delivered value-added service at a below-market cost to high-profile large companies, multinational companies, and midmarket companies that need to restructure in or out of court.

Recent News

  • Togut, Segal & Segal was awarded the TMA 2020 Large Company Turnaround of the Year Award for its role as one of several advisers (along with co-counsel at Skadden Arps) to Trident Health, a home health care and diagnostic testing business operating in 35 states that restructured its debt and operations in Chapter 11.
  • With the firm’s assistance, Trident restructured more than $800 million in debt pursuant to a Chapter 11 plan of reorganization, confirmed just seven months after the case was filed.
  • Latin America’s leading airline, LATAM Airlines Group S.A., and certain of its affiliates file for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York with Togut, Segal & Segal as its co-counsel along with Cleary Gottlieb.
  • The bankruptcy cases are part of LATAM’s global strategy to restructure its debt of more than $7.5 billion and its passenger and cargo operations serving dozens of countries on five continents.
  • Togut, Segal & Segal obtains confirmation of a Chapter 11 plan of liquidation for two subsidiaries of Lehman Brothers after a contentious but ultimately largely consensual 14-month in-court process.
  • Judge Chapman, overseeing the case, noted that the firm “managed to deliver spectacular results for these estates through hard work, and hard work that I would also note is done in an efficient and professional manner.”