Lead Chapter 11 Debtor's Counsel — Advising Clients Nationwide

Togut, Segal & Segal has advised corporate Chapter 11 debtors and their counsel in some of the largest and most complex bankruptcy cases ever filed, yet we can also represent mid-sized debtors efficiently. Our focus exclusively on bankruptcy and insolvency issues gives our firm offers significant advantages in experience, efficiency and cost-effectiveness across the full range of Chapter 11 challenges.

Our attorneys work with leading New York and national law firms, major corporations, and entities in need of advice about their options for protecting the value of businesses in serious financial crisis. With 35 years of experience, Albert Togut has long been recognized as one of New York's pre-eminent bankruptcy lawyers, and is one of only six bankruptcy attorneys listed among the Top 100 Super Lawyers by New York Super Lawyers magazine.

Please contact our New York City law office online today, or call 212-594-5000 to speak with an experienced corporate bankruptcy attorney about your needs.

Complex Corporate Reorganization

An important part of our work involves maximizing the value of productive assets during bankruptcy court restructuring, after the confirmation of a Chapter 11 plan, and in strategic divestitures. Our success is based on our thorough understanding of the U.S. Bankruptcy Code and corporate finance, combined with our practical ability to balance the myriad competing interests of creditors and other stakeholders at all stages of the case through negotiation or litigation.

Our experience with complex bankruptcy extends across a wide spectrum of industries and sectors. Togut, Segal & Segal has special expertise in automotive, airlines, hospitals and health care, energy, financial services, real estate, telecommunications, professional partnerships such as law firms, and the retail sector. Togut, Segal & Segal has handled many of the most important bankruptcy cases of the past 34 years as lead Chapter 11 debtor's counsel or in another central capacity. A representative sample of our cases includes:

  • Pacific Drilling S.A.: co-counsel to the Debtors, Luxembourg-based Pacific Drilling S.A. and certain of its affiliates, as part of an effort to restructure approximately $3 billion in debt. The Debtors operate an international offshore drilling business that specializes in ultra-deepwater and complex well construction services.
  • Westinghouse Electric Company LLC: Counsel to Toshiba Nuclear Energy Holdings (UK) Limited, one of the Debtors and the parent company of the international arm of Westinghouse’s global nuclear power business, in connection with the restructuring of over $9 billion in debt between Toshiba Nuclear Energy Holdings (UK) Limited and the 31 other Westinghouse Debtors.
  • Toisa, Limited.: lead counsel to the debtors, 24 international shipping companies involving 46 vessels and the restructuring of more than $1billion in liabilities.
  • SunEdison, Inc.: co-counsel to the debtors ,one of the world's leading developers of renewable-energy solutions, involving the restructuring of more than $8 billion in liabilities.
  • General Motors: Conflicts counsel to the debtor, the largest domestic automaker and the largest industrial enterprise ever to file for bankruptcy, with an estimated $91 billion in assets.
  • Chrysler Group LLC: Conflicts counsel to the debtor, the first of the "big three" domestic automakers to file for bankruptcy, with liabilities exceeding $55 billion.
  • Enron Corporation: Co-counsel to the debtor with Weil, Gotshal & Manges LLP in what was then the second largest Chapter 11 case ever filed.
  • Rockefeller Center Properties: Sole counsel to the debtor in the restructuring of mortgage than $1 billion of mortgage and other indebtedness involving 12 historic landmarked buildings in the heart of Manhattan.
  • Delphi Corporation, et al.: Conflicts counsel to the debtor, the largest automotive parts supplier in the United States.
  • AbitibiBowater Group Inc.: Counsel to debtor Bowater Canada Finance Corporation and responsible for investigating claims, including a claim for more than $600 million against the debtor's corporate parent arising under the Nova Scotia Companies Act.
  • Olympia & York Tower B Company: Sole counsel to the debtor in restructuring mortgage and other indebtedness.
  • Tronox Inc.: Conflicts counsel to the debtor, one of the world's largest producers and marketers of titanium dioxide pigment with assets and liabilities exceeding $1 billion.
  • Ambac Financial Group Inc.: Conflicts counsel to the debtor, a financial guarantee insurance company whose business includes the issuance of insurance policies to support public finance, structured finance, and international finance transactions.
  • ContiMortgage Corporation: Lead counsel to the debtor, a billion-dollar consumer finance business that both originated and serviced subprime home equity loans.
  • Refco LLC: Counsel to the Chapter 7 Trustee for a registered futures commissions merchant in the largest Chapter 7 case ever filed, involving more than $4 billion in assets.
  • Loews Cineplex Entertainment Corporation: Co-counsel to the debtor, one of the nation's largest motion picture theater exhibition companies with assets and liabilities exceeding $1 billion.
  • Loehmann's Holdings Inc.: Sole counsel to the debtor women's fashion apparel chain that operated 48 retail stores in major metropolitan areas.
  • Daewoo International (America) Corp.: Sole counsel to the debtor, the U.S.-based trading arm of the Daewoo group of companies, which successfully underwent what was then the largest nonsovereign debt restructuring in history with aggregate liabilities exceeding $70 billion.
  • Frontier Airlines: Conflicts counsel to the debtor, a regional airline, involving over $100 million in liabilities.
  • Saint Vincent's Hospitals: Conflicts counsel to the debtor hospitals in a Chapter 11 restructuring involving over $1 billion in liabilities.
  • Our Lady of Mercy Medical Center: A Bronx hospital that was successfully sold as a going concern in Chapter 11 despite having over $100 million in liabilities.
  • Cabrini Medical Center: Lead counsel to the debtor, a hospital in Gramercy Park, Manhattan, with over $100 million in liabilities.
  • Ames Department Stores, Inc.: Co-counsel to the debtor, the largest regional discount retailer in the United States, which had revenue exceeding $1 billion before it ceased operation.
  • SK Global America, Inc.: Sole counsel to the debtor, the U.S.-based trading arm of what was then the third largest conglomerate in South Korea and one of the largest business enterprises in the world.
  • Clift Holdings LLC: Lead counsel to the debtor in the successful restructuring of $75 million in debt for Ian Schrager's premier San Francisco hotel.
  • Orion Telecommunications: Sole counsel to one of the largest telephone card manufacturers in the country with sales exceeding $100 million.
  • Guilford Mills, Inc.: Sole counsel to the debtor, a leading worldwide producer and seller of textiles, which successfully restructured over $300 million in secured debt and paid all of its unsecured creditors in full under its confirmed Chapter 11 plan.
  • Joan and David Helpern inc.: Sole counsel to the debtor/operator of the Joan & David luxury footwear and accessory retail chain, which had more than 55 stores located worldwide.
  • Fortunoff Fine Jewelry & Silverware, LLC: Lead counsel to the debtor in the successful sale as a going concern of Fortunoff, a nationally known retailer.

Contact a New York Chapter 11 Bankruptcy Attorney

For additional information about the scope of our practice and the advantages our firm offers to Chapter 11 debtors anywhere in the United States, contact our complex corporate reorganization law firm online. You may also call our firm at 212-594-5000 to discuss your specific situation.