Patrick Collins concentrates in bankruptcy & restructuring and commercial litigation. He represents debtors, lenders and other creditors, trustees, committees, asset purchasers, unions, landlords and other contract counterparties and other parties involved in all aspects of bankruptcy proceedings and out-of-court insolvency matters, including workouts.
Pat frequently defends clients in preference and fraudulent conveyance recovery actions and other litigation arising out of bankruptcy proceedings.
He assists vendors in collecting debts from customers in the State of New York by suing to obtain judgments, collecting on judgments through enforcement procedures and remedies provided under New York State and federal law and structuring settlements to maximize creditor recoveries.
He has also represented banks and other institutions in non-bankruptcy commercial litigation involving the Uniform Commercial Code or where solvency-related issues are anticipated.
Pat frequently handles litigation and insolvency matters pro bono for charitable organizations and indigent individuals. He is a speaker or contributing author for numerous continuing legal education programs.
While our experience is not limited to one industry, we have gravitated toward healthcare-related bankruptcy cases. Many hospitals and other healthcare facilities in the New York City metropolitan area have needed to seek bankruptcy relief in the past several years, and the trend may continue for several more years. We have developed substantial expertise regarding how these businesses operate, which allows us to handle healthcare bankruptcies efficiently.
I find representing parties seeking to purchase assets of companies in bankruptcy to be particularly rewarding. Bankruptcy asset purchase transactions can be a means for a client with some capital and that is willing to make decisions quickly to rapidly expand is business. For example, in 2008 we guided a large nutritional supplement company through the process of acquiring the assets of one of its primary competitors that was in bankruptcy. The transaction saved many jobs and resulted in our client obtaining valuable product lines.
Recently, we have represented creditors holding large claims in a number of Chapter 11 bankruptcy cases of individuals. The Bankruptcy Code contains several provisions applicable only in Chapter 11 cases of individuals that often permit unsecured creditors to exert a substantial amount of control over the outcome of the case.
“We get straight to the heart of the issue and give the client the right advice in a straightforward manner.”