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KRCL has a nationally recognized bankruptcy practice that is well-known for its capabilities and experience in assertively representing parties in complicated corporate bankruptcy cases.

For example, KRCL has represented 48 Creditor Committees in 19 states (see committee representation link here). KRCL attorneys have decades of experience in the representation of every different type of party and constituency in out-of-court workouts and bankruptcy cases including creditors’ committees, debtors, lenders, trustees, and creditors. Clients praise the firm’s bankruptcy attorneys for “extraordinary attention to the client,” which has earned the KRCL bankruptcy practice a highly selective ranking from Chambers and Partners USA.

Bankruptcy services include:

  • Creditors’ rights
  • Insolvency
  • Pre-bankruptcy workouts
  • Debt restructuring
  • Bankruptcy trial proceedings (voluntary and involuntary)
  • Acquisition of distressed debt and assets
  • Bankruptcy-related litigation

With a proven track record, KRCL is often called upon to appear for our clients in numerous high-stakes workout, restructuring and bankruptcy matters. Our attorneys negotiate with finesse, build consensus and creatively solve problems on behalf of clients. With a solid understanding of what it takes to effectively resolve troubled managing member/member, borrower/lender and debtor/creditor relationships, we work closely with each client to achieve results in what is often an extremely hostile, complex and litigious environment.

In addition to Debtor and Committee representation, significant clients include:

  • AASA Aftermarket Volume Group
  • Pentair Corp.
  • ResMed Corp
  • CNH Capital America
  • Acushnet Company
  • All Smiles Dental Care
  • Regions Bank
  • CH Robinson
  • Donaldson Company


Distressed Assets

KRCL built its law firm on the tail-end of the S&L Crisis.  Our lawyers have served as counsel for the developers, owners, banks, FDIC, RTC, FSLIC, bridge banks, acquirers of distressed assets and loans, professionals and other constituents.  With the advent of the current liquidity crisis, the Firm has established a Distressed Assets Group, which draws from a deep bench of transactional, regulatory, litigation and insolvency lawyers who practice with the Firm’s Real Estate, Financial Services, Litigation and Insolvency & Creditor Rights Practice Groups.

We are currently representing and advising clients on a myriad of issues ranging from simple deposit insurance protocol to complex litigation on behalf of acquirers of distressed assets.  Our focus includes:

  • Partnership management/funding disputes
  • Construction stoppages
  • Borrower/lender workouts and restructurings
  • Collections
  • Foreclosures
  • Bankruptcy and creditor’s rights
  • Prepackaged bankruptcies
  • Receiverships and trusteeships
  • Environmental remediation
  • Due diligence in connection with portfolio acquisition and disposition transactions
  • Fidelity bonds
  • Liquidation of failed insured depository institutions
  • Commercial and other litigation, including director and officer liability
  • Litigation, accountant liability litigation, legal and other professional
  • Malpractice litigation, and lender liability litigation

With a proven track record, KRCL is often called upon to appear for our clients in numerous high-stakes workout, restructuring and bankruptcy matters.  Our attorneys negotiate with finesse, build consensus and creatively solve problems on behalf of clients.  With a solid understanding of what it takes to effectively resolve troubled managing member/member, borrower/lender and debtor/creditor relationships, KRCL works closely with its clients to achieve their goals.