Nova Law Group provides a comprehensive suite of bankruptcy and restructuring-related services to our corporate clients. We represent debtors and creditors in bankruptcy proceedings and out-of-court restructurings. Our lawyers work with clients to determine the best plan for corporate reorganization or dissolution. We then implement the plan of action, whether it is representation of the company in a Chapter 7 or 11 bankruptcy proceeding, or an out-of-court workout, such as a general assignment for the benefit of creditors. When non-legal services are required by the client to monetize assets of the company, including intellectual property, we access our network of leading financial and technical professionals to provide a complete package of services to the client.
Our clients frequently use corporate bankruptcy to do any or all of the following: limit officer and director liability in connection with corporate dissolution, save time expended in winding down a company, achieve an orderly liquidation benefitting all creditors, stop creditor harassment, and effectuate a clean break for equity holders, officers, directors, and other employees from the company. Some types of corporate bankruptcy can also be used to reorganize a corporate entity, such as by obtaining different payment terms from creditors, altering the non-monetary terms of certain contracts, utilizing the ability to "cram down" interest rates on secured debt, and many other options.If you would like to explore corporate bankruptcy or non-bankruptcy options on behalf of an organization, please contact a Nova Law Group attorney and we will be pleased to assist you.