Overview

The Bond business restructuring, creditors' rights and bankruptcy practice is comprised of lawyers whose diverse and varied backgrounds provide the necessary skills to represent a broad spectrum of clients including: commercial debtors, not-for-profit debtors, creditors' committees, banks and other institutional lenders, secured parties, trade creditors, commercial developers, health care institutions and insurance companies.

Bond’s Business Restructuring, Creditors' Rights and Bankruptcy practice group is the largest and best resourced of its type in New York outside of New York City. Our practice group members have substantial experience in reorganization and liquidation cases and have represented our clients' interests in bankruptcies nationwide and we regularly appear before Bankruptcy Courts in the Eastern, Northern, Southern, and Western Districts of New York. Additionally, practice group members regularly advise clients with respect to the workout and extension of troubled loans; restructuring of debt through out-of-court workouts; business planning; and structuring corporate transactions to anticipate and protect against future bankruptcies.

Our firm’s demonstrated experience in other practice areas, including corporate, not-for-profit, health care, higher education, real estate, insurance, environmental, intellectual property, tax and labor law allows for full scale representation of our clients in all aspects of bankruptcy cases and out-of-court restructurings.

Examples of Bond’s chapter 11 debtor representations include: Rochester Drug Cooperative; Carthage Specialty Paperboard; Centerstone Linen Services; The Diocese of Buffalo; The Diocese of Rochester; The Roman Catholic Diocese of Syracuse; Flour City Bagels; Folts Home; Crawford Furniture Manufacturing; Nirvana, Inc.; Mohawk Valley Nursing Home; Syroco, Inc.; Imperial Schrade Corp.; Lee Memorial Hospital; and Auburn Memorial Hospital.

Bond lawyers also actively represent clients with respect to: assumption and rejection of executory contracts and real estate leases; protection of cash collateral; post-petition financing, plan structure and confirmation; and the acquisition and sale of assets in bankruptcy.  

Bond’s lawyers also have represented the official committee of unsecured creditors appointed in numerous chapter 11 cases, including: The Buffalo Sabres; Northeast Biofuels; Lakeshore Hospital/TLC Health Network; Eastern Niagara Hospital; and Sheehan Memorial Hospital.  

In chapter 15 cross-border bankruptcy cases, Bond represented creditors in the cases of SPhinX Ltd. in connection with investment firm Refco Alternative Investments LLC; Fairfield Sentry and the chapter 11 case of Bernard L. Madoff Investment Securities, LLC; and Mood Media (Muzak).

Additionally, Bond’s restructuring group has served as counsel to the chapter 7 trustees in Coyne International Enterprises, Inc. and Syroco, Inc., plan administrator in the Auburn Armature case and counsel for the Securities Investor Protection Corporation in the liquidation of broker-dealer Westor Capital Group, Inc.

Our lawyers are also active in representing interested parties in bankruptcy hearings and litigation matters which include automatic stay litigation and enforcement; objections to discharge; preference and fraudulent conveyance litigation; lender liability claims; contested proceedings regarding the use of cash collateral and objections to claims; and contested disclosure statement and plan confirmation hearings.

We appear regularly in the Bankruptcy Courts throughout New York State. Our practice has been extensively involved in many debt restructuring and bankruptcy cases involving hospitals, nursing homes, and adult care facilities throughout New York State. In these cases, we have represented owners of health care facilities, secured lenders, and ground lessors. We have also acted as bond counsel in several cases which provided new financing for restructured health care providers.

We represent clients in bankruptcy hearings and litigation matters which include automatic stay litigation and enforcement; objections to discharge; preference and fraudulent conveyance litigation; lender liability claims; contested proceedings regarding the use of cash collateral and objections to claims; and contested disclosure statement and plan confirmation hearings.