Bankruptcy Attorneys Savannah GA | Business Restructuring

Overview

HunterMaclean represents financial institutions, lessors, trade creditors, and other businesses in business restructuring matters. Using creative strategies and practical solutions, our business restructuring group addresses the challenges of financial distress and insolvency, including bankruptcy proceedings, loan workouts, collections, and foreclosures.

We provide clients with attentive and cost-effective representation designed to maximize creditor outcomes in liquidation and reorganization proceedings, whether a prompt negotiated resolution, a settled dispute preserving business relationships, or aggressive litigation.

Bankruptcy is increasingly utilized as a mechanism to achieve business goals and HunterMaclean’s business restructuring group has expertise in representing Official Committees of Unsecured Creditors and debtors in Chapter 11 and Chapter 7 cases. Chapter 11 can provide a business with multiple financial options to help it survive and potentially thrive in the future. If winding down the company and liquidating assets becomes necessary, Chapter 7 may be the best alternative.

Restructuring, bankruptcy, and collection matters may involve other legal issues; therefore, clients benefit from HunterMaclean’s resources in business litigation, alternative dispute resolution, commercial transactions, M&A, real estate law, and tax law. This multidisciplinary approach provides clients a full range of restructuring capabilities and solutions to address their most complex challenges.

Experience

Counsel to the Official Committee of Unsecured Creditors in the Chapter 11 case of TitleMax Holdings and affiliates. Pursuant to the confirmed Plan of Reorganization, unsecured creditors were paid 100 percent of their allowed claims with interest.
Counsel to the petitioning creditors and the Official Committee of Unsecured Creditors in the Chapter 11 case of Dicon Technologies, LLC. Through the efforts of the petitioning creditors and the Committee, the Debtor’s assets were removed from the control of a parent company whose owners have been charged in a massive penny stock fraud scheme. The Chapter 11 Trustee was able to sell the Debtor’s assets on a going concern basis to a purchaser who assumed the lease for the company’s facility in Black Creek, Georgia.
Local counsel to stalking horse bidder in the Chapter 11 case of Sea Island Company. The stalking horse bidder joined forces with another prospective purchaser and became the successful bidder at auction. In addition to representing the purchaser in the bankruptcy case, HunterMaclean’s real estate group provided extensive assistance to the purchaser throughout the acquisition process, including matters of title, land use, zoning and permitting, and taxation.
Counsel to largest trade creditor and chairperson of Official Committee of Unsecured Creditors in Chapter 11 case of specialty food ingredient manufacturer.
Successful defense of a $1.8 million fraudulent transfer claim against an investor who had provided financing to the debtor through the vehicle of a sale of property to the investor subject to a repurchase option.
Special litigation counsel to Chapter 7 Trustee in pursuing fraudulent conveyance action against the business partners of a debtor. Recovered over $750,000 in what was believed to be a no-asset case.
Representation of regional and national financial institutions, and distressed debt investors, as secured creditors in numerous bankruptcy cases and non-bankruptcy workouts.
Representation of commercial landlords in nationally significant Chapter 11 cases such as Goody’s, Movie Gallery, Bruno’s Supermarkets, and National Dry Cleaners.
Representation of credit unions and other creditors in consumer Chapter 7 and 13 cases involving auto loans and home mortgages.
Representation of a Savannah resort developer as Debtor in Possession in a Chapter 11 proceeding and a related adversary proceeding against his lender, who had failed to fund a loan commitment after being cited for securities fraud in Canada. Our suit enabled the client to maintain venue in Georgia, instead of California where the lender’s Chapter 11 was pending, and enabled the client to settle the case and retain his property.
Counsel to Debtor Durango Georgia Paper Company in Chapter 11 case involving a paper mill and significant land holdings in St. Marys, Georgia.
Successful defense of challenge to creditor claim, from bankruptcy court to U.S. Court of Appeals for the Tenth Circuit.
Successful litigation establishing nondischargeablilty of debt, from bankruptcy court to U.S. Court of Appeals for the Eleventh Circuit.
Representation of banks, other financial institutions, and business clients in many problem loan workouts and foreclosures, bankruptcies, and related litigation.
Successful defense of the former owner of a motel in Tennessee in a suit by a lender seeking a $4 million deficiency judgment pursuant to a ten year-old guaranty.
Successful obtainment of an injunction to stop a foreclosure against a Savannah hotel because the lender’s unauthorized disclosure of client’s confidential financial information to potential bidders at the sale may have violated bank secrecy laws. The ruling enabled the client to sell the hotel and to avoid a multi-million dollar deficiency.
ROCOR International, Inc. U.S. Bankruptcy Court in Oklahoma City. Representation of a secured creditor in the bankruptcy of a refrigerated trucking company. Our client recovered approximately $1.5 million of its claim, which was secured by real estate and rolling stock.
Printmasters Acquisition Company. U.S. Bankruptcy Court in Atlanta. Successful objection to a Section 363 sale, forcing the insiders seeking to acquire Debtor to pay our client $1.7 million plus attorney’s fees in a case concerning specialty printing equipment located in Alabama.
Flooring America, Inc. Successful fight against Debtor’s attempt to sell our client’s equipment collateral. Negotiated a workout under which client’s debt and our attorneys’ fees were paid in full.
Buckeye Foods, Inc. and Restaurant Properties, Inc. Successful obtainment of dismissal of a Chapter 11 filing for bad faith by a Debtor that owned seven Burger King franchises in Atlanta; recovered and liquidated collateral.
Five Star Partners. Successful defeat of Debtor’s attempt to avoid our Isle of Jersey client’s debt deed on an Atlanta hotel on the ground that it had failed to register as an alien corporation under the Georgia RICO act. Eventually obtained complete payoff of debt plus attorney’s fees. See Five Star Partners, L.P. v. Vincent Netherlands Properties, N.V. (In re Five Star Partners), 169 B.R. (Bankr. N.D. Ga. 1994)(related case).
Successful obtainment of substantial recovery for creditors in what was believed to be a no-asset case. Wessinger v. Spivey (In re Galbreath), 286 B.R. 185 (Bankr. S.D.Ga. 2002).

Publications & Presentations

Publications

Strengthening the Financial Foundation of Your Business in the New Year

January is an important time to set goals, finalize budgets, and strategize for the coming year. Francesca Macchiaverna discusses how businesses can benefit from extending credit to their clients in this article for BiS.

Publications

Presentations

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