The focus of this section is the representation of insolvent commercial entities, with a view to either restructuring the terms of their debt and continuing to trade, or ceasing operations and liquidating assets to repay their creditors. Lawyers in this chapter assist clients such as corporate debtors, investors and asset purchasers; secured and unsecured creditors and creditors' committees, bondholders, insurers; directors of distressed companies and any other interested parties in corporate restructurings. Also relevant to this section is any contentious work relating to the disputes between parties involved in bankruptcy proceedings.
