516-227-0700

Bankruptcy & Restructuring

Applying insolvency law expertise and diverse skills to protect our clients’ interests.

In bankruptcy cases and a myriad of other settings where the solvency of a party is an issue, the firm’s interdisciplinary practice leverages the firm’s strong depth of talent in bankruptcy and creditors’ rights, lending, litigation, private equity and securities, real estate, and healthcare.

Diverse Bankruptcy Experience

Our attorneys have considerable experience handling engagements for every kind of constituency participating in business bankruptcy cases, including:

  • Official committees of creditors and informal creditor groups
  • Litigation and liquidation trustees
  • Institutional lenders
  • Equipment lenders and lessors
  • Private equity funds
  • Asset purchasers
  • Trade creditors
  • Landlords and lessors
  • Debtors in possession
  • Owners and managers of Chapter 11 debtors
  • Unions
  • Avoidance action defendants
  • Purchasers and sellers of bankruptcy claims and loans to distressed companies

Healthcare Industry Focus

The firm has particularly strong experience in bankruptcy cases in the healthcare industry. Martin Bunin and other Farrell Fritz attorneys have represented numerous official committees of unsecured creditors and owners and management groups in bankruptcy cases of hospitals, nursing homes, and other healthcare providers. Kristina Wesch and her colleagues have counseled institutions that have acquired healthcare businesses through bankruptcy asset sales.

Beyond Bankruptcies

Just as frequently, Farrell Fritz handles engagements in insolvency matters outside the bankruptcy context, such as:

  • Loan workouts
  • Access to capital or refinancing outside of a bankruptcy
  • UCC Article 9 sales
  • Prosecuting and defending commercial mortgage loan foreclosures
  • Obtaining and enforcing money judgments
  • Winding down of insolvent businesses without bankruptcy relief
  • Receiverships, including serving as counsel for federal equity receivers
  • Assignments for the benefit of creditors

Our attorneys:

  • Counsel lenders, including commercial banks, real estate funds, REITs, indenture trustees, and investors in distressed situations, with respect to defaulted loans, loan restructurings, and workouts both in and out of bankruptcy.
  • Represent buyers and sellers in their acquisition or disposition of distressed real estate and other assets.
  • Advise clients in the LSTA and LMA trading market for par and distressed bank loans as well as the claims trading market. In connection with loan trading, the firm counsels clients from the initial due diligence through closing of the trade and often continues such representation through the implementation of strategies relating to the restructuring of the acquired debt. Our knowledge of private equity, securities law, tax considerations and ERISA law allows Farrell Fritz to provide guidance with respect to all facets of acquiring and holding the financial asset.
  • Represent firm partner Peter Zlotnick in his role as a federal equity receiver in consumer fraud federal equity receiverships for the Federal Trade Commission, serving as his counsel in connection with several recent cases.

Professionals

Patrick T. Collins

Bankruptcy & Restructuring

Partner
Uniondale

Kristina M. Wesch

Corporate

Partner
Uniondale

Peter B. Zlotnick

Commercial Litigation

Partner
New York City

Marty G. Bunin

Bankruptcy & Restructuring

Counsel
New York City

Michael J. Healy

Bankruptcy & Restructuring

Counsel
Uniondale

Patrick Maschio

Bankruptcy & Restructuring

Counsel
New York City

Darren A. Pascarella

Bankruptcy & Restructuring

Counsel
Uniondale

Veronique A. Urban

Bankruptcy & Restructuring

Associate
Uniondale

Articles & Advisories

When big retailers go bankrupt

Patrick Collins, partner, was quoted in this article. “Retail bankruptcy filings are going to go on for the foreseeable future,”…

November 12, 2018

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Who’s Who in Women in Professional Services – Kristina M. Wesch

Kristina M. Wesch is a partner in the law firm of Farrell Fritz, P.C., with New York offices in Uniondale,…

August 25, 2017

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Marijuana and Bankruptcy? Not Really

Reprinted with permission by the LJN Law Journal, the Bankruptcy Strategist®, January 2016. (ALM publications) The legalization of marijuana for…

February 05, 2016

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RadioShack Case Examines Treatment of Gift Cards in Bankruptcy

Posted with permission from Nassau Lawyer, December 2015 |Vol. 84 | No.4 The holiday season is upon us. Shoppers everywhere…

December 17, 2015

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Bankruptcy Basics: Employee Wage Motions in Chapter 11 Cases

A company’s decision to file for chapter 11 bankruptcy protection will inevitably cause disruption to the debtor’s operations, communications and…

September 01, 2015

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Eastman Kodak: Simultaneous Assumption and Assignment of Real Property Leases Under the Bankruptcy Code

January 06, 2015

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Krys v. Farnum Place, LLC (In re Fairfield Sentry Ltd)

September 30, 2014

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The Impact of Antitrust Regulations on Stalking-Horse Bids

August 01, 2014

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Judicial Profile: Hon. Carla E. Craig Chief Judge, U.S. Bankruptcy Court for the Eastern District of New York

February 12, 2014

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Marshall v. Picard (In re Bernard L. Madoff Investment Securities LLC)

January 13, 2014

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News

Mattress Firm store in Oceanside has closed amid bankruptcy filing

Patrick Collins, partner, is quoted in this article. A newly closed Mattress Firm store in Oceanside is among 99 locations in the retailer’s…

October 19, 2018

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Who’s Who in Health Care Professionals & Health Care Law – Kristina M. Wesch

Kristina M. Wesch is a partner at Farrell Fritz, PC in Uniondale. Wesch focuses on corporate mergers and acquisitions, reorganizations…

July 09, 2018

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WSJ Daily Bankruptcy Review: Bankruptcy Courts Prepare for Possible Government Shutdown

February 28, 2011

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Press Releases

Farrell Fritz Promotes Jaclene L. D’Agostino and Darren A. Pascarella to Counsel

Farrell Fritz is pleased to announce the promotions of Jaclene L. D’Agostino and Darren A. Pascarella to Counsel effective January…

December 27, 2018

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Farrell Fritz Receives Tier 1 Ranking in 2019 U.S. News – Best Lawyers’ “Best Law Firms”

Farrell Fritz is pleased to announce that, for the seventh consecutive year, the firm has received a Tier 1 ranking…

November 01, 2018

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30 Farrell Fritz Attorneys Recognized as 2018 Leading Lawyers in Their Respective Areas of Practice

Farrell Fritz had a combined total of 30 attorneys selected to the 2018 New York Metro Super Lawyers and New…

September 13, 2018

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Ten Farrell Fritz Attorneys Named to The Best Lawyers in America© 2019

Farrell Fritz congratulates ten attorneys on being selected by their peers for inclusion in The Best Lawyers in America© 2019.…

August 09, 2018

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Farrell Fritz Receives Tier 1 Ranking in 2018 U.S. News – Best Lawyers’ “Best Law Firms”

Farrell Fritz is pleased to announce that, for the sixth consecutive year, the firm has received a Tier 1 Ranking…

November 01, 2017

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31 Farrell Fritz Attorneys Recognized as 2017 Leading Lawyers in their Respective Areas of Practice

Farrell Fritz had a combined total of 31 attorneys selected to the 2017 New York Metro Super Lawyers and New…

September 20, 2017

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Ten Farrell Fritz Attorneys Named to The Best Lawyers in America 2018

Farrell Fritz congratulates ten attorneys on being selected by their peers for inclusion in The Best Lawyers in America© 2018.…

August 15, 2017

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Farrell Fritz Promotes Five Attorneys in its Uniondale Office

Farrell Fritz is pleased to announce the promotions of Kathryn (Katy) Carney Cole, David (Dave) M. Curry, Kristina M. Wesch…

January 04, 2017

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Martin G. Bunin Joins Farrell Fritz’s Bankruptcy & Restructuring Practice Group as Partner

Farrell Fritz extends a warm welcome to Martin (Marty) G. Bunin, a partner in the firm’s bankruptcy & restructuring practice…

December 14, 2016

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30 Farrell Fritz Attorneys Recognized as 2016 Leading Lawyers in their Respective Areas of Practice

Farrell Fritz had a combined total of 30 attorneys selected to the 2016 New York Metro Super Lawyers and New…

September 21, 2016

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Pro Bono

Consumer Bankruptcy Project of the City Bar Justice Center

Marty Bunin is a bankruptcy partner in our New York City office. While focusing on business bankruptcy in his regular…

July 24, 2017

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